Taxation

We at ARC & CO. will guide you along which taxes will you be liable for as a business owner. Small businesses, and the individuals who run them, are subject to a wide array of taxes – from Corporation Tax to National Insurance. Many countries impose corporate tax or company tax on the income or capital of some types.

Direct tax consultancy together with innovative tax efficient strategies, provided by us form an integral part of viable business decisions. These help our clients attain the desired goals. We adopt a “result oriented approach” which is flexible and emphasizes delivery and value. It enhances the effect of commercially viable decisions and minimizes the tax burden.

Some of the direct tax services provided by us include:

INCOME TAX & WITHHOLDING TAXES

  • Advising on Income Tax Planning of Corporates.
  • Advising & reviewing of all necessary tax withholding responsibilities.
  • Advising all financial subjects which are of your interest and keeping you updated on the new amendments, circulars,
    notifications & judgments.
  • Verification of all payments to vendors for the purposes of determination of correct application of rates and category for
    deduction of withholding taxes.
  • Computation of monthly TDS on the basis of above.
  • Monthly tax reconciliation of the TDS due and deducted.
  • Preparation and deposit of Monthly challans on or before the statutory due dates.
  • Filing of quarterly E-TDS Returns.
  • Filing annual Income Tax return.

CERTIFICATION WORK

  • Issuance of Chartered Accountant certificates u/s 195 required for the Overseas Remittances purposes from time to time.

FRINGE BENEFIT TAX

  • Compiling the details of Fringe Benefit Tax (FBT) after every quarter.
  • Auditing of amounts to be covered under FBT pertaining to organization.
  • Classification of all the expenses from Voucher level (Payroll related and other General Profit and Loss account heads)
    covered under the FBT and work out the financial deposits to be made to Government on quarterly basis.
  • Advising organization on regular basis on the legal updates pertaining to this.
  • Applying of latest tax provisions in this regard.
  • Work out the Exclusions allowed in the specific heads and advise the company for the re-classification of the Expense Heads, if any.
  • Annual filing of the return for the same.

We hold an expertise in practicing both direct as well as indirect taxation matters in assistance with providing wide range of tax services throughout the year. We keep our clients updated with all those tax laws and legislations that help them towards understanding crucial tax planning opportunities.

Our professionals review your company's tax position and advice on indirect taxation including Central Excise, Customs, Sales Tax, Works Contract Tax, Lease Tax, Service Tax, Export-Import Policy matters and other miscellaneous indirect taxes. We also advice clients on representation before appellate authorities in Excise, Customs and Service Tax matters.

A capital gains tax is a type of tax levied on capital gains incurred by individuals and corporations. Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price.

Capital gains taxes are only triggered when an asset is realized, not while it is held by an investor. An investor can own shares that appreciate every year, but the investor does not incur a capital gains tax on the shares until they are sold.