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1.  Consultancy on various intricate matters pertaining to Income tax.
2.  Effective tax management, tax structuring and advisory services.
3. Tax Planning for Corporates and others.
4. Designing / restructuring salary structure to minimise tax burden.
5.  Obtaining Advance tax Rulings.
6.  Obtaining No Objection Certificates from Income tax department.
7.  Obtaining PAN for assessees, employees etc.
8.  Advance tax estimation and deposit.
9.  Assessing the liability towards deferred taxes.
10. Providing regular updates on amendments, circulars, notifications & judgments.
11.  Filing Income Tax and Wealth Tax returns for all kinds of assessees.
12.  Filing Income tax returns for employees of corporate clients.
13.  Liaison with Income tax department for rectification, assessment, obtaining refunds etc.
14. Expertise in complicated direct tax assessments.
15.  Filing and pleading appeals under various provisions of IT Act.
16.  Advice on future tax implications in respect of the potential acquisition.
17. Opinions on the various Double Tax Avoidance Agreement related issues.

1. Advice on all matters related to compliance of TDS/TCS provisions.
2.  Obtaining Tax Deduction Account Number (TAN).
3.  Periodic review of TDS/ Withholding Tax compliance.
4.  Computation of monthly TDS.
5.  Monthly reconciliation of TDS due and deposited.
6.  Monthly deposit of TDS electronically/manually.
7.  Issue of monthly/annual TDS certificates.
8.  Filing of quarterly E-TDS/Manual Returns.
9. Filing of Correction Statements.
   ..
10.  TDS assessment.

1. Why is indirect tax material to your business?
   Globalisation accelerates change. More and more commercial transactions takes place across borders
   involving indirect taxes, increasing and complicating their tax risks.. The magnitude of Indirect taxes;
   such as value added taxes, sales taxes, custom duties and excise is rarely highlighted in annual reports.
   Yet indirect tax raises significant risks for all businesses. Poor indirect tax management can squeeze cash
   flow, allow the over or underpayment of tax and attract stiff penalties for non-compliance Goods &
   Services Tax
   The indirect tax in India is proposed to be replaced by a dual GST with Central GST and State GST to be
   levied simultaneously by the Centre and the States. GST would replace most indirect taxes currently in
   place. The tax base is anticipated to be complicated in effect on all goods and services, with minimum
   exemptions. Following the destination principle, GST structure would include imports while exports are
   not to be taxed. For inter-State transactions in India, the State tax would apply in the State of destination
   as against to that of origin. Full input credit system would operate in parallel for CGST and SGST,
   however, cross utilization of input tax credit would not be permitted.
   Everyone around is preparing for the change. Are you?
   GST is seen as the single most important tax reform initiative in India. It is expected to promote
   investment and expansion of the economy. GST will have a sound impact on almost all aspects of
   businesses operating in the country In order to prepare for the GST, the companies need to understand its
   full significance and test the system changes and prepare a roadmap for a smooth transition to GST.

1. Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and
   voluntary practices which help companies to perform efficiently and maximize long term value for
   shareholders and at the same time looking after the interests of other stakeholders like buyers,
   government, society at large etc. Lenders whether national or international, also look for them for taking
   exposure in any corporate. It is a function of transparency and fairness in operations and making proper
   disclosures.
   Company as a business organization has become popular over the years. With the growth in size of these
   corporates, governance has become all the more important. SEBI and listing agreements of various stock
   exchanges require that the requirements of corporate governance are duly complied with.

1. Periodic monitoring through internal audit
2.  Independent audit
3.  Independent verification
4.  Effective Supervision
5.  Accountability
6.  Sufficient number of Independent directors on the Board.
7.  Formation of an independent audit committee for the board
8. Adequate disclosure and transparency in reports
9.  Participation in board meetings.

1. NMCO has been closely involved in indirect tax with the VAT initiative through its Policy Advisory Group- a specialized team of experienced professionals that advises businesses on distinct issues. The Group
   helps businesses recognize policy changes, look out impact on their operations, and engage in a dialogue with the concern authorities for remedies to address any concerns. Businesses may face indirect
   taxation obligations in countries where their clients are based. It can be complicated to comply with. NMCO firms help clients trading in overseas markets. Opportunities to do business in new markets have to be  grabbed. .

1. Multinational businesses are buffeted daily by tax, legislative and regulatory developments around the world. Mastering their impact on business operations and cross-country transactions is vital to a company’s survival. NMCO network of highly experienced international tax services professionals is here to help, in every way, and everywhere you do business… For all of its complexity, the area of international tax boils down to a single imperative: Reduce your global effective tax rate. We offer innovative international tax-savings ideas that align with your
   overall business objectives and the way your company operates.
   India is the world’s largest democracy and one of the fastest growing economies. As multinationals across the world shift their focus and approach to India, it is important that the country’s tax and regulatory policies are well understood for optimizing growth and success opportunities. Industry focus is fundamental to our approach and encompasses sectors of financial services, information, communication and entertainment, consumer markets, industrial markets, and infrastructure and government. Our service offerings
2. a. Planning & structuring the inbound and outbound investments: Complete set of advisory on entire planning of the foreign investments. Listing down the most advantageous mode for entry in India. Similarly analyzing the most suitable for outbound investments. This also includes looking through the global tax scenario.
3. b. Expatriate tax advisory: The entire checklist for the expatriate taxation in India including the
   check-in and check-out briefings on India tax. Also, includes opinions on availability of various
   tax exemptions as per Income Tax Act, tax credits as per DTAA.
   c. Certification for abroad remittances u/s 195: The e-filing of Form 15CA & Form 15CB,
   determination of withholding tax liability on international taxation and issuance of certificate for
   enabling remittance would be included in the above.
   d. Tax implications on constitution of Permanent Establishment. Interpretation of business
   processes for cross border workings, to analyse the formation of a Permanent establishment.
   Forming a PE would lead to assigning of relevant part of global revenues as per the activities
   performed by Indian Counterparts.
   e. Tax Opinion on transactions with non-residents, DTAA. Various considerations and important
   implications on transacting with foreign exchange are analysed and opined. The beneficial
   provisions if any available while dealing with treaty existing countries.

1. Transfer pricing is a term used to describe inter-company pricing arrangements relating to transactions between related business entities. These can include transfers of intellectual.. property, tangible goods, services, and loans or other financing transactions. Transfer Pricing in
   India was introduced in 2001 for curbing tax avoidance by laying down norms for computation of income arising from international transactions having regard to the ” arm’s length price”. The use of transfer pricing tax strategies has recently attracted a high level of international attention, due in part to the rapid rise of multinational trade, the opening of
   several significant developing economies and transfer pricings increased impact on corporate income taxation. Further, this approach also ensures a creative and dynamic tax planning process for our clients.
   In response to these factors, tax authorities around the world have become more aggressive in the transfer pricing arena, introducing stricter penalties, new documentation requirements, increased information exchange, improved audit staff training and increased audit and inspection activity and specialization. In recent years, transfer pricing has emerged as a critical success factor in corporate strategic planning and executive decision-making. Our transfer pricing professionals can assist you in all phases of transfer pricing planning and in avoiding costly defense actions. Tax authorities in India have stepped up their scrutiny on cross-border related party transactions and the amount of adjustments done in the recent past is testimony to the fact that transfer pricing is a primary focus area.

1. We provide assistance in the following areas :
   1. Arriving at a realistic Valuation
   2. Gaining an overall understanding of the sector and providing an unique insight into the potential target
   3. Helping to effectively face competition, technology, customers, legislation, powerful buyers, the emergence of new geographic markets and other issues
   4. Validation of available data
   5. Tackling Competitive Uncertainty
   6. Helping clients spot opportunities
   The relevant areas of concern may include the financial, legal, labour issues, tax, IT, environment and market/commercial situation of the company. Other areas include intellectual property, real and
   personal property, insurance and liability coverage, debt instrument review, employee benefits and labour matters, immigration, and international transactions. Our dedicated staff can provide the necessary expertise and share with clients our in-depth industry and market know-how to identify and address the key issues quickly and viably. Thus, the client is assured of cost-time efficiency

1. The Foreign Exchange Management Act (FEMA) came into force with effect from 1st June 2000, thereby replacing the earlier enactment – the Foreign Exchange Regulation Act, 1973. The introduction of FEMA has been welcomed by all sections of people – both the industry and
   the professionals. FEMA has led to considerable liberalisation of the foreign exchange regime in India, coinciding with the comfortable foreign exchange reserves of India. The object behind introduction of
   FEMA is to free all current account transactions, while capital account transactions would continue to be regulated by the RBI. However, the process of approvals has been made simpler. FEMA is broadly divided into 7 Chapters and 49 Sections. Under FEMA, there are the Rules
   which are notified by the Government of India relating to Current Account Transactions. With regard to Capital Account Transactions, the RBI has issued notifications and circulars permitting certain capital account transactions. The countries boundaries are shrinking rapidly and the horizon of business investments have been extended beyond the domestic territories. Thus, the right blends of services comprising of tax
   efficient structure, transaction planning and compliance with the regulatory framework boost the revenue of an entity which results into increased profitability and financial competency.
2.  Team..
3.  Narendra J. Mehta
   Managing Partner: Capital Market & Private Equity
4.  FCA, practcing since 1974…..continue as per word file
5.  Ami Mehta
6.  Manali Ganediwal Associate: Information Security and Data Privacy
7.  CA, DISA (ICAI), CISA having 7 plus years experience in the field of auditing, risk advisory, product development and project management.
8.  She has worked in Deloitte, ICICI Bank Limited, HDFC Bank Limited in the past.
9. She has a diversified experience in Banking, Development sector, Manufacturing, Asset reconstruction, FMCG and Aviation.