Income Tax is imposed on the earnings of Individual, Companies, Firms and Corporations etc. Tax rates vary as per the earnings in the Financial Year and the Income Tax Act, 1961 also provides deductions under various heads. The Act also makes mandatory to tax deduction at source (TDS) and its timely deposit in the account of income tax department. The Act also establishes the Central Board of Direct Taxes, Principal Directors General of Income-tax, Directors-General of Income-tax, Principal Directors of Income-tax, Directors of Income-tax, etc.
The proper and timely assessment of tax and its timely payment are crucial parts of taxation law.The default in compliance with the provisions of the Act attracts the penalties and punishments under the Act.
The firm provides complete legal assistance to manage taxation related issues i.e. tax structuring, tax advice and advices in relation to tax disputes. The Firm also drafts all the legal documents i.e. Petition, Appeal. Further, the Firm on behalf of its clients also appears before the Authorities, Tribunals, High Courts and the Supreme Court of India.