TAXATION

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Snehasish Mahmud & Co. offers clients a broad range of fully integrated tax services. We work closely with clients to deliver timely, high quality tax services to maximize tax-planning opportunities and find the right answers to the tax challenges in their respective industries.

Direct Tax (Corporate)

To meet our objective SMAC offers its clients a broad range of fully integrated tax services, which are as follows:

Corporate tax – Registration:

• ETIN registration/amendment
• Income year maintenance

Corporate tax – Compliance:

• Return under Section 177 (review/ preparation /submission)

Corporate tax return:

• Quarterly Advance Income Tax (review/ computation/ submission)
• Income tax computation, return(review/ preparation/ submission)
• Obtaining an Income tax clearance certificate

Transfer Pricing:

• Statement of international transactions (review/preparation/submission)
• Transfer pricing documentation/study report (review/preparation)
• Issuance of chartered accountant’s certificate

Assessment/ Appeal to CT/ Appeal to TAT/ Assisting in Review Application:

• Assessment at DCT level
• Revised assessment at DCT level set aside by CT (Appeal), Tribunal
• Assistance with filing an application for correction of an error in the assessment order
• Assistance with filing an application for adjustment of refund against
• Appeal against the order of the DCT
• Appeal filing by the client against the order of the CT (Appeal)
• Assistance in defending the appeal filed by the Department against the order of the CT (Appeal)
• Assistance with filing application to HC
• Assistance with filing an application for waiver from deposition of dispute tax (TAT and HC)
• Assistance with settling cases at ADR
• Assisting clients filing reference applications against the order of the Taxes Appellate Tribunal
• Assessment of withholding tax return (if return u/s 75(A) is selected for Audit)

Certification from NBR:

• Certificate related to DTAA/non-DTAA
• Issuance of SRO/clarification letter

Fund Approval:

• Provident Fund Approval, Gratuity Fund, WPPF

Direct Tax (Personal)

Personal Income Tax :

• Tax planning, Income tax computation, and return submission (for both locals and expatriates)
• Obtaining an Incometax clearance certificate
• Assessment at DCT level
• Revised assessment at DCT level set aside by CT (Appeal), Tribunal
• Assistance with filing an application for correction of an error in the assessment order
• Assistance with filing an application for adjustment of refund against tax
• Appeal against the order of the DCT
• Assisting clients filing reference applications against the order of the Taxes Appellate Tribunal
• Assistance with filing an application for a waiver from deposition of dispute tax (TAT and HC)
• Assistance with settling cases at ADR

Indirect Tax (VAT)

VAT – Registration:

• BIN registration/amendment

VAT – Compliance:

• Monthly VAT return (review/preparation/submission)
• Various VAT challan– preparation/attestation/deposition
• Assistance with Input-Output Coefficient (review/preparation/submission)
• Assistance with obtaining VAT compliance certificate
• Assistance with VAT software implementation

VAT – Audit and Appeal:

• Assistance with handling appeals at various levels (Commissionerate/ Intelligence/ CIC)
• Appeal against the findings of audit at various levels (Commissioner/Tribunal/ADR/reference application to HC)
• Assistance with responding to queries from VAT authorities