- The first step is to discuss and understand the business.
- Further, to identify and verify the transactions in which the business is involved.
Tax Advisory In India
Over a decade, Indian Taxation system has undergone tremendous reforms challenging large and growing businesses. An effective tax-cost management provides a distinct competitive advantage. This requires the application of appropriate tax strategies proactively identified and surgically implemented.
Tax advisers use their knowledge of tax legislation to provide advisory and consultancy services to clients, ensuring that they pay their taxes in the most efficient way and benefit from any tax advantages and exemptions.
There are two main types of tax advice:
- corporate - working for business clients to make sure they aren't paying any more tax than is necessary
- personal - providing advice to individual clients, some of whom are private clients with large assets.