How We Help in Managing Business Income Tax
Amid constant regulatory change, we help clients and their investors evaluate strategic options and plan investments with confidence. Our tax professionals provide guidance at each stage of the business lifecycle—identifying compliant opportunities and navigating emerging requirements—so that both corporate and personal tax exposure is legitimately reduced and always up‑to‑date.
Services Offered:
Business Tax Advisory
Strategic and compliance-driven advisory services
Services Offered:
- Evaluation of applicable tax regimes
- Computation of income, MAT and AMT
- Filing corporate tax returns (Form ITR-6)
- Advance tax calculations and projections
- Conducting statutory tax audits (Section 44AB)
- Transfer pricing compliance, including documentation (Form 3CEB)
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Tax Litigation & Representation
Expert handling of complex tax disputes:
Service Offered:
- Response drafting for income tax notices and assessments
- Representation at assessment and appellate stages (AO, CIT(A), ITAT)
- Appeals and revision petitions filing
- Handling rectifications and stay applications
- Representation during scrutiny & reassessment proceedings
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Corporate Tax Rates in India (FY 2024–25)
Additional Levies:
- Surcharge: 7%-12% based on income slabs.
- Health & Education Case: 4% on total tax and surcharge
Key considerations in Corporate TaxationMinimum Alternate Tax (MAT)MAT ensures companies pay a minimum tax, preventing undue benefits from exemptions or deductions. MAT credit can be carried forward and utilized over a span of 15 subsequent years.
Optional Concessional Tax Regimes
- Section 115BAAAllows domestic companies to opt for a concessional rate of 22% without availing specific exemptions.
- Section 115BABDesigned to incentivize new manufacturing enterprises with a reduced tax rate of 15% under prescribed conditions.
Importance of Tax Residency & Scope of Income
A company is Resident in India if:
- Incorporated in India; or
- Its Place of Effective Management (POEM) is in India.
Place of Effective Management (POEM)
A foreign company becomes tax-resident in India if its key managerial and commercial decisions are effectively taken within India during the financial year.
Permanent Establishment (PE) and Business Connection
- PE refers to a fixed place of business in India through which international enterprises carry out business.
- Business connection includes any arrangement by which a foreign enterprise earns income in India.
- Both concepts are pivotal under domestic tax law and Double Taxation Avoidance Agreements (DTAAs).
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Optimize your tax position and ensure robust compliance with personalized support from our expert team.
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