Mentors Tax Consultants

• Advise for avoidance of double taxation of income under the Income Tax Act, 1961 in India and under the corresponding law in force in the foreign country
• Procedure for obtaining relief in respect of income on which income tax has been paid under the income tax laws both in India and in a foreign country
• For recovery of income tax under the income tax laws in India and under the corresponding provisions of the law
• Advise on implication under tax treaty

• • Structuring tax efficient inter-company transaction
  • Formulating transfer pricing policies and assistance in maintaining documentation
  • Undertaking year end reporting compliances, certification and handling assessments
  • Assistance in maintaining master files and doing country by country reporting

Our corporate tax consultancy and compliance encompass various aspects of tax structuring and structuring including the following:

• Structuring the entire business transaction, including preparation of structured tax solutions tailored to meet business objectives
• Tax modelling, which involves validation of tax assumptions built into financial and business models
• Tax structuring in a way to reduce the tax burden.
• Effective tax management, tax structuring and advisory services
  Giving Opinions on complex direct tax related issues as per the Income Tax Act, 1961
• Review of corporate tax returns to check for compliances with the Income Tax Act, 1961 and the various judicial pronouncements
• Seeking Advance Rulings
• Other compliance issues such as tax registration, dealing with issues of withholding tax, certifications, No objection certificates from the Income tax authorities etc.
• Assistance in preparation of transfer pricing policy and maintenance of transfer pricing documentation, certification under section 92E of the Act and appearance before the tax authorities
• Tax Audit support services – including compilation of various details for tax audit purposes and providing audit support to auditors
• Providing necessary information to statutory auditors or management auditors in relation to tax matters
• Preparation of Contingent liability workings
• Providing support in the areas of PAN, TAN, online tax credits view etc
• Tax reporting on defined frequencies i.e. monthly, quarterly, annually to parent company as per their formats

Managing risks and conflicts with the tax authorities and reporting such disputes have become one of the important area of corporate interest.

Handling corporate tax litigation includes:

• "Representing" or "consultancy for representing" before the assessing authorities for expeditious and timely completion of assessments.
• Assistance in moving courts against any legal issues in assessments/appeal orders.
• Special expertise in handling complicated tax litigations up to the Income Tax Appellant Tribunal
• Providing assistance to clients in discussions with legal counsels

· Personal tax planning (national and expatriate) and deputation structuring

· Tax-effective remuneration structuring for international employees (salary splits, international employment companies, etc)

· Optimisation of remuneration packages for managements levels

· Tax compliance and representation services

• Advise on tax deduction from payments
• Review of the withholding tax (TDS) returns with the provisions of the law
• Advise on withholding tax from cross border payments
• Seeking lower tax deduction certificates for residents and non-residents
• Handling withholding tax assessments

When it comes to Tax compliance, One of biggest myth we have seen with our NRI friends they assume as they are abroad they don't carry any obligation for tax Compliance. Which is far from true, here the point to ponder is the government has granted you exemption from payment of taxed not the exemption from filing the return. Following are the few situations when you need to file an IT Return without fail: -

• Interest Income exceeding basis exemption limit where TDS is short deducted or not deducted.
• Sale or Purchase of Property after sale of earlier one.
• Sale of Shares, Bonds or other securities where gain is more than basic exemption limits.
• There is a refund claim

Further you need to follow FEMA Rules, Wealth tax Repatriation norms when undertaking some specified transactions.

Failing to these compliance can attract the unnecessary compliance, which may become difficult to manage especially when you are abroad.

We at Mentors Tax Consultants have  created a dedicated desk for NRI which takes care your compliance and Investment related requirements. With Expertise of taxation and more than 200 onboard NRI client we can guide you through all these legal compliances.

Mentors NRI-Desk Provide the  following Services

1. NRI Tax Compliance
   • Tax compliance:- Income Tax compliance, FEMA Compliance, Repatriation consulting.
   • Returning NRI Tax Planning
2. NRI Investment Consulting
   • Investments In Real Estate:- Search, Selection, Legal Verification, & registration of properties
   • Business Consulting:- Search of Business opportunities , legal verifications & documentations
   • Financial Consulting:- Loan syndication, Co-ordination and documentation for quick loan sanction , Transfer of Loans or other financial requirement for Finance , Portfolio Management, Investment consulting, Goal oriented Financial Planning for NRIs.
3. Legal Consulting

• Litigations
• Advisory Services
• Tax Review
• Legal Compliances
• Due Diligence

• Enterslice deals in all type of Corporate tax compliance & tax advisory sWhat is Corporate tax advisory?

  Constant Tax and regulatory changes in India are challenging Indian and Multinational companies to stay on the top. The companies should be well educated in terms of the tax and regulatory issues they are facing from their operations and investment strategy, changes which have occurred due to the change in the business structure and geographical expansion.

  Compliance's across all taxes, accounting and tax reporting has become increasingly complex. Presently companies are struggling with diversified reporting requirements while driving value out of their tax and finance functions.

  Many companies are migrating to domestic and global compliance and reporting by taking a closer view at their technology, process, resources and service providers. Leading team of tax professionals are using outsourcing as critical part of the tax strategy and as a better measure to align the tax investments and use the talent to achieve the organizational goals

  The main object of the of the Corporate Tax and Regulatory compliance is to shift the focus from micro issues such as tax assessment containing audits and procedural compliance's to issue based and concept based reviews.

  Key Services provided by us1) Compliance Services

  Compliance Services include to obtain initial registration for entities to setup an office in India, assistance to obtain withholding tax orders, compliance support related to Direct Tax, computation of Advance Tax calculation, preparation and filing of the Corporate tax returns.

  2) Advisory Services

  Related to tax implications arising due to changes in economic environment and implementing effective tax strategies

  3) Health Checkups and Review

  Undergoing detailed health checks of the business operations to get the benefit of tax incentives, reduce potential exposure and improve the tax compliance's

  4) Due Diligence

  Conduct Tax,Regulatory,financial, operational and commercial Due Diligence Report.

  5) Litigation Services Drafting of notices, appeal, appearances, arguments before adjudication and appellate authorities up to the Tax Tribunal level, to obtain NOC and also handling advance ruling proceedings.services .