Tax Services

Right Tax advice helps the business and corporate in taking sound business decisions at right time. Innovative Tax Strategy and proper planning can help the corporate entities and Individuals to optimize their tax efficiencies. We at J K Varghese & Co. provide tailored and effective Tax-Cost Management Solutions.

We therefore offer :

Income tax

Transfer pricing.

VAT

Service Tax

Income Tax

Income Tax

Income earned in a financial year is liable to tax as per the rates prescribed for that year. A financial year runs from 1 April to 31 March of the following year. Income Tax India follows a residence based taxation system. Broadly, taxpayers may be classified as residents or non-residents. Individual taxpayers may also be classified as ‘residents but not ordinary residents'. An Indian company is always an Indian resident. Additionally, any other company whose affairs are wholly controlled and managed from India is also a resident. Any other company would be a non-resident.

We provides following income tax consultants services for resident Indians:

Filing of Income return for individuals, firms, companies, trust or HUF

To obtain Permanent Account Number (PAN)

Specified advice on taxation

Tax Audit

Rectification, Revision or appeal of income tax orders

To get the Income tax refund

Tax Planning through investments

Payments on which income tax deduction at source (TDS) required

Consultancy on TDS matters

Registration of trust for charitable purpose

Registration of Trust/Societies under section 12AA of Income Tax Act

Registration under section 80G (exemption on donation)

Advance tax computation


Provides following income tax consultants services for non-resident Indians

The Non Resident Indians (NRIs) need information and guidance in relation to legalities and procedures as to the assets held in India and taxation of income and profit/gains on sale of assets. This is specifically related to following:

Regulations as to operating bank accounts, repatriation of Income earned in India and special RBI schemes for returning NRI’s.

Regulation as to investments in shares and debentures, mutual funds, government securities and bank deposits and its taxation.

Procedure for purchase and sale of immovable properties in India and renting them out.

Procedure to file the Return of income and obtain tax exemption certificate and Permanent Account Number.

Replies to any queries on Indian Taxation, Foreign Exchange Management Act (FEMA) and Reserve Bank of India procedures and approvals.

Obtaining permission for repatriation of assets / income and assistance in compliance of repatriation procedures.

Remittance certificates 15CA and 15CB.