Indirect taxes – GST, VAT. Direct taxes – corporate tax, individual personal tax, TDS.
FAQ Category: Tax Advisory Services
What are different tax advisory services?
The primary tax advisory services are filing tax returns, tax litigation, tax planning, ensuring tax compliances, handling assessment orders and queries from the tax department.
How do tax advisory services help in managing GST?
GST is a new concept and is a part of every business transaction. The Tax Advisory services offered by legal firms help to study the impact of GST on business transactions.
What are assessment orders?
Assessment orders are assessments of tax returns filed by the companies. The tax department will raise an issue if they find any fault with it.
How does tax advisory service help in tax litigation?
The tax advisory services include services of tax advocates who select the best strategy for defending the cases in courts and tribunals, besides providing for representation.
Do tax advisory services help in tax planning also?
Yes, tax advisory services include long-term financial planning for saving taxes and paying accurate and appropriate taxes.
Why do companies need tax advisory services?
The tax structure is challenging to understand, and the tax laws must be complied with, therefore, such services.