Corporate Tax Law has experienced various amendments in India due to the Globalization and changing facets of business structures. Corporate tax is levied on both domestic as well as foreign companies which are not registered in India but has its operations and generate income in India. There are many Tax Incentives like setting up of businesses in Tax-Free Zones, Export Oriented Units and in SEZs (Special Economic Zones) are growing with several interpretations and documentation. Our Attorneys and Consultants have insight knowledge of the tax provisions including amendments and Finance Act, 2019 to facilitate effective compliance.

Personal Taxation Service (Resident or Non Resident) includes advisory on these incomes from the assessee:

• Income from the salary.
• Income from agriculture.
• Income from house rented income.
• Income from sale of stocks or mutual funds.
• Employee stock options (ESOP).
• Income from sale of house property.

NRI Taxation Issues, Income Tax laws that are applied to NRIs are entirely different from those applicable to resident Indians. The major issues in NRI is double taxation meaning paying tax on the same income twice in the country of residence of the assesse and India by obtaining a relief from DTAA (Double Taxation Avoidance Agreement) between the two countries.

International Taxation, services on transfer pricing and it is of paramount importance to multinational corporations operating in India, as they have to meet rigorous and mandatory documentation requirements. Expertise in Litigation, Customs and Services valuation is all the more essential under the proposed Advance Pricing Arrangements with Indian pricing authorities.

Taxations issues in Partnership/LLP firms, Taxation advisory on:

• Sale of capital assets
• Tax deductions in capital gains, remunerations
• Transfer of assets by a partner to the partnership firm and vice versa

Trust Taxations Issues, setting up of a trust or a NGO requires knowledge of income tax provisions relating to charitable institutions/trust and the exemptions Tax laws. We at Khurana and Khurana can be a one point solution for all your queries and issues relating to Trust Taxation.