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Services Direct Tax

Corporate Tax Planning

Tax Planning is a process in which Organizations evaluate their financial profile with the aim of minimizing tax liability. Corporate Tax Planning activities generally seek to avoid legally triggering tax costs rather than illegally evading an existing obligation to pay tax. It is a forward looking activity which encompasses the strategic structuring of business operations in order to minimize tax liabilities.

We at A P NAGPAL AND COMPANY undertake the activity of minimizing the tax liability through the best use of all available allowances, deductions, exemptions etc, to reduce the income. We help you in structuring your business transactions so AS TO MAXIMISE your after tax profit. This is based on analysis of your business activities and recommendation of alternatives consistent with your business practices and also the applicable laws. In totality the whole aim it not to evade tax but to take maximum advantage of incentives available under the current tax regime and proposed changes in any so as to minimize the tax liability without compromising on expansion plans.

Tax Audit Services

Under 44AB of the income tax act any person whose turnover exceeds Rs 1 crore in respect of business and Rs 25 lacs in respect of profession is required to get his accounts audited and submit the report along with the return of income. Also from financial year 2011-12 if a person declares that his income from business is less than 8 % of turnover and he is under presumptive taxation scheme than he shall have to get his accounts audited under 44AB even if his turnover is less than 1 crore.

We at A.P.NAGPAL AND COMPANY help you in timely completion of these tax audits so as to ensure that no penalty is levied due to any default. The penalty for non submission of tax audit report is equivalent to ½ % of turnover or 150000/- whichever is less.

Income Tax return filing of all types of entities

Structuring Employees Remuneration

Representation Services for Assessments & Appeals

Advance Tax Planning & Computation

Withholding Tax ( TDS compliances)

Advise on tax implications