Corporate Tax Advisory & Compliance
Corporate taxation in India is governed by the Income-tax Act, 1961, and involves complex provisions relating to computation of income, allowable deductions, depreciation, MAT applicability, TDS obligations, and reporting requirements. A structured tax framework is essential to ensure accuracy, transparency, and risk mitigation.
Corporate tax compliance includes proper maintenance of books of accounts, computation of taxable income under various heads, adjustment of carried forward losses, application of Minimum Alternate Tax (MAT), and adherence to advance tax provisions.
Core compliance areas include:
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Computation of total income as per applicable tax regime
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Preparation and filing of Income Tax Returns (ITR-6)
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MAT computation and credit tracking
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TDS compliance and reconciliation
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Advance tax calculation and deposit
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Compliance with reporting requirements under various sections
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Tax audit coordination and disclosure alignment
Corporate advisory also involves transaction structuring, capital expenditure planning, business restructuring implications, and analysis of tax-efficient models for expansion.
Regular monitoring of amendments, judicial precedents, and circulars ensures proactive compliance and minimizes exposure to penalties, interest, and litigation.