Services Details

Taxation Services

At B.G. Shetty & Co., we provide a comprehensive suite of taxation services designed to help individuals, businesses, and organizations navigate the complexities of direct and indirect tax regulations. Our approach is grounded in a deep understanding of tax laws and a commitment to delivering practical, compliant, and timely solutions that align with your unique financial and business goals.

Our taxation services cover a wide range of needs, from individual tax planning to corporate tax compliance, ensuring that your tax liabilities are minimized while staying fully compliant with legal requirements. Whether you are an individual taxpayer, a startup, or an established business, we provide the expertise and support necessary to manage your tax responsibilities effectively.

Our Taxation Services Include:

• Direct Taxation: We assist businesses and individuals in understanding and managing their direct tax obligations. This includes income tax planning and compliance, as well as advisory services on minimizing tax liabilities. Our services also cover tax return filing for individuals, companies, and trusts, ensuring that your filings are accurate and in compliance with the Income Tax Act.

  • Income Tax Planning: We help individuals and businesses plan their income tax strategy to maximize deductions, exemptions, and credits, while ensuring compliance with all relevant tax laws.

  • Tax Return Filing: We prepare and file income tax returns for individuals, corporations, and partnerships, ensuring that returns are filed timely and accurately to avoid penalties or interest charges.

  • Tax Audits: As required under the Income Tax Act, we conduct tax audits for businesses and individuals whose income exceeds the prescribed threshold, ensuring that your financial records are in order and compliant.

• Indirect Taxation: With the introduction of Goods and Services Tax (GST), managing indirect tax obligations has become more critical. We offer a complete range of GST services, including compliance, advisory, and litigation support, ensuring that your business stays compliant with GST laws.

  • GST Registration and Compliance: We help businesses navigate the GST registration process and ensure timely filing of GST returns, minimizing the risk of penalties and interest.

  • GST Advisory: We provide advisory services to businesses on how to structure transactions in a tax-efficient manner, ensuring that GST implications are effectively managed across the supply chain.

  • GST Audits: Our team conducts detailed GST audits to verify the correctness of GST payments, input tax credits, and returns, helping businesses avoid penalties for non-compliance.

• Transfer Pricing: For multinational corporations, transfer pricing is a critical area of tax compliance. We assist businesses in adhering to the transfer pricing regulations set by the tax authorities, ensuring that intercompany transactions are priced according to the arm’s length principle.

• Tax Planning for Startups: We offer specialized tax planning services for startups, helping entrepreneurs manage their tax obligations from the outset. This includes guidance on tax benefits available to startups, such as exemptions, deductions, and incentives provided by the government to promote growth and innovation in the startup ecosystem.

• Tax Litigation and Dispute Resolution: In cases where disputes arise with tax authorities, we provide representation and support in resolving tax issues. Our services include drafting replies to notices, appearing before tax authorities, and representing clients in appellate proceedings before the Income Tax Appellate Tribunal (ITAT).

• Estate and Succession Planning: For high-net-worth individuals and families, we offer tax and estate planning services to ensure the efficient transfer of wealth across generations. We help in structuring wills, trusts, and other legal instruments that minimize estate taxes and facilitate the smooth transfer of assets.

Our Approach to Taxation Services:

• Comprehensive Knowledge: We keep ourselves updated with the latest tax laws, amendments, and regulatory changes to ensure that our clients receive accurate and up-to-date advice.

• Personalized Service: Every business and individual has unique tax requirements. We take the time to understand your specific financial situation and tailor our advice accordingly.

• Proactive Planning: We don’t just react to tax issues; we anticipate them. By proactively identifying tax-saving opportunities, we help our clients reduce their tax burden in a lawful and strategic manner.

• Risk Mitigation: We focus on identifying potential tax risks early, advising our clients on how to mitigate these risks through proper planning and compliance.

• Ethical and Transparent: We operate with the highest ethical standards, providing clear, transparent advice to help our clients make informed tax decisions while staying compliant with all legal obligations.

At B.G. Shetty & Co., our goal is to help you achieve financial success by effectively managing your tax liabilities. We work diligently to ensure that your tax strategy aligns with your overall financial objectives, enabling you to focus on growth and prosperity without being bogged down by tax concerns.

Whether you need assistance with income tax, GST, or transfer pricing, our team provides the expertise and support you need to navigate the complex world of taxation with confidence.