Our Services


Testimonials

I on behalf of Hyundai Heavy Industries appreciate the efforts and professional commitment of Mr. Jeetan Nagpal and his team at Hemant Arora and Co. for services rendered during my stay as the Head of Finance at HHI’s Indian office. Your assistance and advice is valued by us and has been a great help to HHI over the past several years of our association.
M H LEE. GM (F&A)
Hyundai Heavy Industries Company Limited.

Tax & Regulatory



Direct Taxes

Direct taxation in India broadly refers to the Income Tax and Wealth tax laws which involve personal tax, corporate tax, minimum alternate tax, capital gains tax, international tax and transfer pricing.

We offer services in each of the above mentioned areas of tax and regulatory compliance.

1. Tax Strategy & Compliance

Our endeavour is to formulate an ideal tax strategy for our clients which is compliant with the law, legitimately reduces the tax bills and yet is not prone to invite litigation.

Our specialist tax partners have a responsibility to ensure that the clients tax bill is optimised and they do not pay any unnecessary taxes. This involves a complete understanding of the ever changing tax laws which offer innumerable tax optimisation opportunities in the form of deductions, exemptions and claims for losses and expenses. Coupled with an intimate understanding of the clients business and structure the potential tax strategies are formulated, discussed and finalised to minimise the tax bills Having said so, we also recognise the fact that the tax strategy should not be overtly aggressive and should not increase clients tax risks so as to plunge them into protracted litigation.


Our tax teams constantly monitor the development of jurisprudence, the statutory pronouncements and the amendments in tax laws which invariably have far reaching consequences on the clients’ tax strategies. Our knowledge plays a pivotal role in tax planning, advisory and compliance services.

Our regulatory compliance services ensure that the clients attain a high level of stringent tax law compliances.

2. Tax Representation

We provides representation services to clients at all levels of tax hierarchy ranging from assessment to administrative and appellate stages. We have competence and resources to serve clients at all levels of appellate stages ranging from Appellate Commissioners, Dispute Resolution Panel, Income Tax Appellate Tribunals. We also provide services relating to obtaining rulings from Authority for Advance rulings.

3. International Taxation

We have very rich experience spanning over twenty five years of successfully serving multinational clients in areas of direct taxation in India. With the globalisation and integration of economies large corporations are operating in different tax regimes with each one of them vying for their share of the corporations profit pie in taxes. The end result can often be paying taxes in multiple tax jurisdictions on the same income. We assist the foreign clients in entity structuring for Indian forays, transaction structuring, advising on the agreements and contracts from tax perspective, understanding and advising on treaty benefits, regulatory compliances and establishing sound global taxation policies.

4. Transfer Pricing

In India, transfer pricing is a relatively new but fast emerging field. Transfer pricing is a complex subject and impacts every area of business – ranging from associated party purchases, sales, financing instruments, loans, investments, marketing, distribution, use of tangible and intangible assets, etc.. Multinationals are perceived to be potentially capable of shifting their profits from high tax jurisdictions to low tax jurisdictions with the objective of reducing global tax liability. On this premise the tax regulators view the international transactions between associated enterprises with a lot of scepticism and are able to raise tax issues which have huge tax ramifications. HAC tax team offer advisory services on transfer pricing documentation which are regulatory compliant. Besides, we also render services in areas of transfer pricing study and statutory reporting and representation before the transfer pricing officer.

5. Advance Pricing Agreement

Transfer pricing law and compliances, have drastically increased in their scope and application; thereby increasing compliance costs for most corporate assesses. Under such circumstances, an Advance Pricing Agreement (APA) is an agreement entered into in advance between the income tax authorities and an Assessee to set a particular arm’s length price for the purpose of transfer pricing assessment, irrespective of actual transaction price. This helps to simplify the tedious task of transfer pricing assessments to a great extent and a proper implementation of APAs for a cross section of industries enables to reverse the trend of ever increasing adjustments (both in quantum and number). HAC tax team offers advisory services on APA documentation, filling, representation and negotiation with tax authorities in this regard.