N K Sharma & Co.Chartered Accountants

Professional services

Direct Tax

Direct taxes are taxes paid on income, such as income tax on business profits, salaries, investments and capital gains. The work ranges from planning and compliance for the year to responding when a tax authority raises a question.

The Income-tax Act, 2025 applies from 1 April 2026 and replaces the Income-tax Act, 1961. Advice is given with reference to the law that applies to the relevant period.

What the service covers

Corporate and individual tax advisory
Advice on the tax position of companies, firms and individuals, covering income computation, available deductions, compliance obligations and the tax implications of business decisions.
International taxation and cross-border structuring
Advice on the Indian tax implications of cross-border income, transactions and structures, including the effect of tax treaties where they apply.
Transfer pricing documentation and study
Transfer pricing (TP) rules require transactions between related parties, such as group companies, to be priced as if the parties were independent. The work includes TP studies and the documentation the law requires.
Expatriate tax and global mobility
Tax matters for employees moving into or out of India, including residential status, the taxation of salary and benefits, and related compliance.
Tax dispute handling
Support with notices, assessments and appeals before tax authorities, including preparing responses and supporting documentation, where representation is permitted.
Capital gains and high-value transactions
Advice on the tax treatment of sales of property, shares and other capital assets, and on other significant transactions before they are completed.

Scope and conditions

  • Tax positions depend on the facts of each case and the law in force for the relevant period. No particular tax outcome can be assured.
  • Transfer pricing audit and certification are separately scoped engagements and are subject to the same independence considerations as other assurance work.

Contact

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