Taxation Services

Since our inception, we have successfully completed various Taxation Services and have attained a credible position in this competitive market. Our personnel follow a client-centric approach and have the expertise to offer these Taxation Services in a cost-effective and personalized manner.

Income Tax
Leveraging on the expertise of our experienced Chartered Accountants, we offer the clients impeccable Taxation Services, including Income Tax Computation and Payments. We are all aware of the fact that the income earned in a financial year is liable to tax as per the rates prescribed by the government. In India, we follow the Residence Based Taxation System, wherein the Taxpayers are classified as residents or non-residents. We also have the system in place for Individual Taxpayers, who are also classified as residents but not ordinary residents.

This rule also applies to the companies, wherein an Indian company or any other company, whose affairs are wholly controlled and managed from India are considered as Indian resident. Apart from this, any other company would be a non-resident.

Residential Status
An individual is resident in India if he is in India in the tax year for :

182 days or more; or

• 60 days or more (the period of 60 days stands changed to 182 days or more for Indian citizens or persons of Indian origins on a visit to India; and also for citizens of India who leave India for employment abroad as member of a crew of an Indian ship) during the tax year, and an aggregate of 365 days or more during the four years preceding the tax year.
• An individual who does not satisfy the above conditions is a non-resident.

 A resident is "not ordinarily resident" in India in any tax year if he :

• Has been "non-resident" in India in nine out of the 10 previous years preceding that year
• Has been in India for a total period of 729 days or less during the previous seven years; preceding the current year.