Specialist Knowledge Saved INR 94 Million in Tax

2011-18

Background

An Areas of our business practice that has grown significantly in recent years is Tax Optimisation Services. We explore legitimate ways of tax optimisation and thereby achieving better control over Cash flows to fund business Growth.

Given that the aggressive nature of Tax Authorities in cases of Identified Tax Evasion, it is vital to know about the Tax affairs of the client and applicable Tax Regime in order to reduce the Cash outgoing by way of tax.

Our tax team has strong technical and industry experience, which allows us to undertake detailed analysis regarding the possibility of tax savings.

Problem

We were carrying out the return filing work and came across financial statements of earlier years containing Losses. The trend and volume was alarming for the company and Cash flows were badly hit.

The CFO was worried about future prospects of sustenance.

The Company was considering obtaining loans from Banks, however considering reported losses, banks reluctance was justified.

Solution /
Approach

Our Tax team thoroughly gone through the financial statements and realized a possibility of reduction in rate of Tax deduction. Through our strong documentation, we were able to convince the tax officer to reduce the rate of tax deduction from 10% to 0.01%.

Our Approach was simple yet proved to be very effective in next 7 years for which we consistently kept saving a total of INR 94 Million (INR 9.44 crore) for the Company.

Given that the aggressive nature of Tax Authorities in cases of Identified Tax Evasion, it is vital to know about the Tax affairs of the client and applicable Tax Regime in order to reduce the Cash outgoing by way of tax.

Background

An Areas of our business practice that has grown significantly in recent years is Tax Optimisation Services. We explore legitimate ways of tax optimisation and thereby achieving better control over Cash flows to fund business Growth.

Given that the aggressive nature of Tax Authorities in cases of Identified Tax Evasion, it is vital to know about the Tax affairs of the client and applicable Tax Regime in order to reduce the Cash outgoing by way of tax.

Our tax team has strong technical and industry experience, which allows us to undertake detailed analysis regarding the possibility of tax savings.

Problem

We were carrying out the return filing work and came across financial statements of earlier years containing Losses. The trend and volume was alarming for the company and Cash flows were badly hit.

The CFO was worried about future prospects of sustenance.

The Company was considering obtaining loans from Banks, however considering reported losses, banks reluctance was justified.

Solution / Approach

Our Tax team thoroughly gone through the financial statements and realised a possibility of reduction in rate of Tax deduction. Through our strong documentation, we were able to convince the tax officer to reduce the rate of tax deduction from 10% to 0.01%.

Our Approach was simple yet proved to be very effective in next 7 years for which we consistently kept saving a total of INR 94 Million (INR 9.44 crore) for the Company.

Given that the aggressive nature of Tax Authorities in cases of Identified Tax Evasion, it is vital to know about the Tax affairs of the client and applicable Tax Regime in order to reduce the Cash outgoing by way of tax.

What the client said

Xpert Consulting demonstrated their in-depth knowledge of tax legislation and strong liasioning skills in representing Our Company before the Income Tax Authorities year-on-year. With their help our company was able to save Millions of cash flows in otherwise blocked Taxes.

Talascend India Pvt Ltd

Talascend India Pvt Ltd

Tax Consulting, Accounting & Bookkeeping Services