International Tax & Cross border Taxation
In the growing era of globalization and integration of economies where people and entities are serving across the globe, we assist them in managing their taxation matters in relation to all the income earned and transactions made beyond the borders. In particular, our services include: 1. NRI Taxation: We guide Indian citizens residing abroad in relation to the income earned by them as to whether the source of income is deemed to be considered in India or outside and the taxability thereof. Applicability of special tax rates on certain sources of income. 2. Foreign Remittance: We assist our clients with respect to legal procedure for remitting the funds realized in India to place outside India. Complete guidance with respect to tax applicability on such remittance is made easy for them. 3. Transactions at Arm’s Length: We assess the transactions made by entities with their associate firms registered outside as to whether the transactions are valued at arm’s length or not. Calculation of Arm’s length is made as per the methods prescribed by the income tax act. 1961. 4. Primary and Secondary Adjustments: In case companies initiate transactions at a price other than the arm’s length price than the required primary and secondary adjustment (if required) is assisted by our team. 5. Double Taxation Avoidance Agreement: We assist our clients with respect to existing of Double Taxation Avoidance Agreement with the contracting foreign state and the tax credits that can be availed under that agreement