Varma & Varma

Corporate taxation services include consultancy and advisory services for tax compliance (filing tax returns, deduction of tax at source, filing of annual returns, etc.) and tax planning, both under direct and indirect tax laws. We also provide tax representation services before various taxation and judicial authorities, up to and including the Tax Appellate Tribunal.

We undertake international taxation services that include assistance in compliance (transfer pricing study, audits, and cross-border tax structuring/planning) in respect of international transactions for determination of arm’s length price, compliance with provisions relating to withholding tax, advisory on Double Taxation Avoidance Agreements, expatriate/NRI taxation, structuring of tax implications of joint ventures/foreign collaborations, representation before assessing/appellate authorities, the Authority for Advance Rulings/Central Board of Direct Taxes, and certification of tax to be deducted at source (TDS) in relation to foreign remittances.

Our services include formation/registration of non-corporate entities such as simple partnerships, limited liability partnerships, family trusts, etc., and we continue our relationship with newly registered entities through services like tax compliance, advisory and representation services, and tax planning/structuring of family-owned businesses.

The Income Tax law in India requires that entities having a gross income/turnover exceeding the specified threshold have their accounts audited under Section 44AB of the Income Tax Act. Our range of services includes tax audits as required under direct/indirect tax requirements, as mentioned above.