Accruon Global Consultants

Professional Accountants And Tax Experts
Make Appointment

Taxation Services In India

Aspect of Income Tax under Indian Law:

Income tax in India is a direct tax levied by the government on the income earned by individuals, companies, and other entities. The Income Tax Act, of 1961, and the rules framed thereunder govern the provisions related to income tax in India. We provide you with all taxation services in India such as:

  • Tax Planning
  • Tax Return Preparation and Filing
  • Compliance and Reporting
  • Tax Assessment and Representation before authorities
  • Tax Audit and Assurance
  • International Taxation
  • Tax Advisory and Consulting
  • Compliance with Tax Deduction at Source (TDS)
  • Updates and Compliance with Changes in Tax Laws

To support you in thriving in this fast-paced period of change, our tax professionals assist in all tax areas.

Income tax

Advisory on Double Taxation avoidance in India

  • A framework to lessen the negative effects of double taxation on cross-border businesses and enable the development of international value chain infrastructures has been established in recent decades by a rising number of tax treaties.
  • Moreover, double tax avoidance is an important aspect of international taxation, and India has entered into Double Taxation Avoidance Agreements (DTAA) with several countries to prevent the double taxation of income. These agreements provide mechanisms to allocate taxing rights between countries and reduce tax burdens on individuals and businesses operating in multiple jurisdictions.
  • Furthermore, Accruon Global Consultants in India provides you with advisory services on double taxation avoidance agreements, facilitating smoother taxation services in India.

Voluntary disclosure Schemes in India

  • The Income Tax Voluntary Disclosure Scheme (VDIS) is a one-time opportunity provided by the income tax department for taxpayers to declare their undisclosed income or assets and pay the necessary taxes and penalties. Under such schemes, taxpayers are typically offered immunity from prosecution and certain concessions in penalties.
  • As part of Government policies, these schemes are rarely announced by the Union Government. Notably, one such scheme was in operation from June 1, 2016, till midnight of September 30, 2016, with an aggregate of Rs 65,250 crore worth of hitherto undeclared incomes in the form of cash and other assets being declared.
  • Furthermore, consulting with a tax advisor or chartered accountant is recommended to ensure compliance with the applicable regulations and to make an informed decision regarding voluntary disclosure.
  • We provide you with advisory services on Voluntary disclosure of income schemes in India.
Income tax