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Forming tax opinions and identifying potential litigative issues for clients
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Assessment of Permanent Establishment, Place of effective management risks, BEPS impact
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Developing and implementing strategies for tax efficient profit repatriation, reduction in Effective Tax Rate and availing Foreign Tax Credit
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Advising on business reorganization and entity restructuring
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Advising on cross border transactions, inbound and outbound structuring (including advice on tax efficient opportunities)
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Impact evaluation on businesses due to developments in tax arena – Digital Economy, BEPS, General Anti Avoidance Rule, ICDS, IND-AS etc.
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Evaluating IP domicile jurisdiction and structuring IP transfer in a tax efficient manner
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Any day to day need based advisory sought by the client
*[from Direct Taxation (including International Taxation) and Exchange Control perspective]
(with respect to notices issued and orders passed by the tax/ appellate authorities)
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Perusing the notices/ orders passed by the tax/appellate authorities and providing recommendations for an appropriate legal remedy
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Preparation of appropriate submissions outlining facts of the selected case, technical arguments relied upon and applicability to the selected case, to represent a persuasive case before the Assessing Officer in E-assessments
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Preparation of written submissions/ appeals to be filed before the tax/appellate authorities against the orders passed by the tax/appellate authorities and strategizing the way forward
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Representation before the tax/ appellate authorities to discuss the written submissions/ appeals/stay applications
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Representation before CCIT/DGIT/CIT/DIT in Revision & Reduction/Waiver petitions
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Liaising with senior tax counsel (where matter represented by other counsel)
In the ever-evolving era of digitalisation, VRTC is making a persistent effort to adapt digitalisation in day to day tax compliances to make things easier and efficient.
We are happy to announce that we have come up with following digital solutions:
RoboQuick Tool
The RoboQuick Tool enables quick turnaround of bulk Form 15CA (in Part A or Part C)/ Form 15CB certificates required especially at the time of processing payment (for dividend/ interest) to its foreign shareholders.
We also assist in bulk downloading of the forms along with generating acknowledgement number in a separate excel sheet.
API's for PAN-Verification
We have also developed API's that assist the clients in undertaking the compliance check at the system level each time the entry is created enabling them with the status of the PAN holder on real time basis.
Assistance in preparing and filing SFT returns for dividend
The Hon'ble Finance Minister ('FM') with an intent of introducing yet another initiative, in her recent Budget speech for Finance Bill, 2021, announced that details of capital gains from listed securities, dividend income and interest will be pre-filled in ITR Forms. Thus, all companies (including listed companies) are required to file SFT return on the reporting portal with respect to dividend paid and distributed by them.
The utility provided by the income tax department enables small companies to prepare the return using the same. However, companies having large shareholder base are unable to prepare the return using the utility. Thus, we have created a tool that assists the client having large shareholder base in preparing and uploading the returns for SFT.
