INCOME TAX ADVISORY

The Income Tax Act of India is a complex matter for a non-tax person, as it requires in-depth knowledge of the subject. Our team, with careful planning and timely compliance provide the below services that helps our clients on income tax related issues so that they can concentrate on core business issues:

• Tax Planning and compliances
• Tax representation before authorities (Scrutiny and litigation)
• Transfer pricing Regulation
• Certification of withholding taxes [DTAA]
• Preparation and filing of Tax Returns – Income Tax
• Advance Tax Compliance
• Processing of Corporate Refund
• Attending assessment proceedings
• Appellate / Legal services
• Handling survey, search and seizure cases
• Advance Rulings
• Obtaining Tax residency certificates (TRC)

REAL ESTATE TAX CONSULTANCY SERVICES

We specialize in providing quality Real estate tax consulting services that cater to the requirements of various Corporates as well as individuals. Our range of services cover all aspects of Indian income tax laws and are mostly time-bound and technical in nature. Further, our services are highly cost effective and allow our clients to save a lot of time and money.

Amendments in Taxation Rules
Tax deduction from payment on transfer of certain immovable properties (other than agriculture land)

Applicable –
Sec 194-IA applicable from 1st June 2013

Who is responsible for tax deduction –
Any person (being a transferee) responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration for transfer of any immovable property (other than rural agricultural land) is liable to deduct tax at source under section 194-IA.

Time of Deduction –
Tax shall be deducted at the time of payment or at the time of giving credit to the transferor, whichever is earlier.

Rate of tax Deduction –
Tax is deductible at the rate of 1%. However no tax is deductible where the consideration paid or payable is less than Rs. 50,00,000/-.

Real Estate Tax Consulting Services
Residents

• Computation of Capital Gain
• Corporate real estate advisory
• Investment opportunity in house property
• Tax planning in Capital Gain exemption schemes
• Certificate of withdrawal of amount for Capital Gain Account Scheme as IT Act for three years
• Tax planning on Joint Development (JD) agreement and subsequent sales proceeds
• Computation of Income
• Filing of Income-tax return
• Representing Assessee for Assessment

Non- residents

• FEMA property advice services using the Register of property professionals
• Application to Income-tax department for Lower TDS
• Investment opportunities
• Computation of Capital Gain
• Computation of Income
• Filing of Income-tax Return
• Representing Assessee for Assessment.

OUR RANGE OF INDIRECT TAX SERVICES

KMS, being a renowned provider of indirect tax advisory services in Ahmedabad, takes pride in its wide range of services on offer. Our expert professionals and indirect tax consultants are competent enough with experience in indirect tax consultancy services to generate value for all the clients. We assist our clients in all the following indirect tax services:

GST COMPLIANCE

Along with the GST law came a series of compliance requirements that every business has to follow. We, as a leading provider of GST compliance services, will ensure to help our clients with every compliance requirement, be it registration, applying relevant tax codes, returns filing, and many more.

GST DUE DILIGENCE

We facilitate safe, secure, honest, and smooth GST transactions for our clients. As a top-notch indirect tax services provider, we conduct GST due diligence to make our decision-making more efficient. We understand the tax profile, uncover any unnoticed tax exposures, and identify potential tax benefits for you.

GST OPINION

We help you with a better understanding of GST rules and identification of the relevant activities where GST is applicable. We carry years of experience in indirect tax services and provide you with GST opinion services that are fair, transparent, and contribute to complete compliance.

GST CLASSIFICATION

One of our key indirect tax services is assisting you in the right GST classification for the application of the right GST rate. Being an expert in GST services, our indirect tax consultants will help you in the classification of your goods and services under the right HSN and SAC codes, respectively, for precise calculations.

GST LITIGATION

As one of the prominent providers of indirect tax advisory services, we aim to free you from any legalities and disputes of GST. Our indirect tax consultants advise you on your rights, formulate a GST litigation strategy, draft review applications, mediate the disputes, and prepare relevant documentation for proceedings

GST SEARCH / INQUIRY SUPPORT

We have the right set of GST advisors and indirect tax consultants who have immense knowledge and experience in handling GST matters across varied industries. This enables us to help you in administrative proceedings during GST Search and seizure, represent you when required, and prepare statements for you.