Planning

We offer Tax planning for entities to optimize overall Tax burden. We help Companies structure their transactions in a manner that they benefit and are rest assured that as they grow, their expansion is not hampered by unforeseen Tax liabilities. Efficient Tax planning such as restructuring of businesses, M&A Tax planning, salary Tax planning etc.

Compliance

We offer Tax planning for entities to optimize overall Tax burden. We help Companies structure their transactions in a manner that they benefit and are rest assured that as they grow, their expansion is not hampered by unforeseen Tax liabilities. Efficient Tax planning such as restructuring of businesses, M&A Tax planning, salary Tax planning etc. We have a strong Tax team which is involved with preparation and filing of various returns with the Income Tax Department such as Income Tax Returns, filing of form 15CA, 15CB, TDS returns, Filing of timely responses to the Income Tax Department, obtaining lower Tax deduction certificates etc.

We are also equipped in providing services in assessing the implications on Income Computation and Disclosure Standards (ICDS) for your company, a very important legislature being announced by CBDT and having far reaching impact in Direct Taxes regime.

Representation

We provide specialized assistance when it comes to representing our clients to the Tax officers and Tax department. Our team is capable and technically well equipped to represent before revenue and Tax authorities for any legal issues raised by the Tax officers across all levels such as Commissioner Appeals, Appellate Tribunal, Transfer pricing officers etc.

International Taxation & Transfer Pricing

India has been receiving record funds off late and is in the limelight as regards to FDI. Cross border transactions are increasing with every passing day. This has exponentially increased the tax complexities in terms of regulations as well as financial impact. We have developed a deep study as well as core team Fwith prior experience to look after these matters. We offer services in forFm of Intermediate Holding Company Analysis (IHC), Constitution of PE, POEM regulations, Entry Exit Strategy etc.

We also offer advice on planning in regards to withholding taxes for payments to be made to Nonresidents in a manner they reduce the overall tax burden. Further, we offer services to prepare detailed transfer pricing study reports, seeking Advance Pricing Arrangements (APA’s) and appearing before various transfer pricing officers to represent our clients.

Indirect Taxes:

We follow a very honest and transparent system of handling Tax matters for clients which is our main USP in this domain. We not only ensure that our clients comply with the regulatory framework but we also create value maximization Tax plans and Tax optimization structures to enable them attain maximum advantage within the four corners of law.

Goods & Service Tax:

India is going through the biggest Tax reform in its history. With the Introduction of Goods & Service Tax (GST) majority of the Indirect Taxes submerged into one Tax. We at BNK have done extensive training to adapt to this single Tax regime and offer clients with the following services as regards to GST.

Financial Assessment:

We analyze all the current transactions which are subject to different indirect Taxes such as VAT, Excise and Service Tax etc. along with the impact on account of convergence to GST law.

Impact Assessment Report:

We provide an Impact assessment report to clients showing the impact that Taxes shall have on their business on account of convergence from existing laws to GST.