Taxation
End-to-end direct and indirect tax services—from forward-looking planning and routine compliance to assessments, appeals, and representation—delivered with practical, regulation-first advice tailored to your business.
Corporate Tax
At Pankaj R. Shah & Associates, we provide comprehensive corporate tax solutions—from planning and compliance to representation—so you can navigate India’s evolving tax landscape with confidence and clarity.
Our goal is simple — to minimize risk, ensure full compliance, and optimize tax outcomes while maintaining complete transparency and adherence to the law.
Tax Advisory & Compliance
We offer strategic tax planning and advisory support for companies across industries. Our services include:
- Corporate tax structuring and optimization aligned with business goals
- Preparation and filing of Income Tax Returns for corporate entities
- Computation of book profits and certification under Section 115JB (MAT)
- Tax Audit Reports under Section 44AB, ensuring full statutory compliance
Representation & Litigation Support
We represent clients at all stages of tax proceedings with professionalism and precision:
- Assessment Proceedings before the Income Tax Department
- Appeals before CIT(A) and ITAT, including preparation of submissions and representation
- Coordination of legal conferences with senior advocates and counsels for complex matters
Our team ensures every case is handled with a fact-based, strategic approach to achieve the best possible outcomes.
Value We Deliver
- End-to-end compliance management for corporate entities
- Expert handling of complex tax assessments and appeals
- Insightful tax planning aligned with statutory frameworks
- Reduced risk of litigation and improved financial efficiency
ICDS (Income Computation & Disclosure Standard)
The Income Computation and Disclosure Standards (ICDS) govern how income is recognized and reported under the Income Tax Act, 1961. These standards bring consistency, transparency, and accuracy to tax reporting — but also demand careful alignment between accounting records and tax computations.
At Pankaj R. Shah & Associates, we help clients implement and comply with ICDS across all relevant business functions, ensuring that every aspect of income computation aligns with statutory requirements while minimizing the risk of disputes.
We combine deep technical expertise with hands-on implementation experience to ensure seamless ICDS compliance and peace of mind during tax assessments.
Our Services
- Reviewing accounting policies and financial statements for ICDS alignment
- Identifying and reconciling differences between Ind AS / Indian GAAP and ICDS reporting requirements
- Preparation and filing of tax computation statements in accordance with ICDS
- Advising on the impact of ICDS on income recognition, valuation, and timing of tax liabilities
- Providing documentation and disclosure support as required under Rule 10E and Form 3CD
Value to Clients
- Accurate and compliant computation of taxable income
- Reduced likelihood of disputes and adjustments during tax assessments
- Clear understanding of the tax impact of accounting decisions
- Consistency between financial and tax reporting frameworks
TDS
Managing Tax Deducted at Source (TDS) compliance requires precision, timely reporting, and constant monitoring of regulatory updates. At Pankaj R. Shah & Associates, we provide end-to-end TDS advisory, verification, and compliance services — helping businesses stay fully aligned with statutory requirements while minimizing exposure to penalties or errors.
Advisory Services
- Applicability of TDS under various sections of the Income Tax Act
- Structuring of salary components and employee taxation (planning + compliance)
- Estimation and computation of tax liability for each employee
- Guidance on procedural and filing requirements
Verification Services
- Monthly verification of TDS compliance across all payment categories
- Preparation of section-wise and deductee-wise TDS statements
- Verification of challans and deposits against deductions
- Review of employee proofs, declarations, and year-end tax liability computation
Procedural Compliance
- Preparation and filing of quarterly Form 26Q and 24Q
- Generation and verification of Form 16A (vendors) and Form 16 / 12BA (employees)
- Downloading and validating TDS text files, salary certificates, and e-filings via TRACES
Handling TDS Notices
- Monitoring and analysis of notices on the TRACES system
- Preparation and filing of revised returns or rectifications under Section 154
- Drafting responses and coordinating with the TDS Department for resolution
Value to Clients
- Full compliance with all TDS obligations
- Reduced exposure to penalties, interest, and rectification notices
- Streamlined payroll and vendor payment processes
- Expert representation and ongoing advisory support
Our TDS team keeps your compliance accurate, timely, and stress-free—while you focus on running the business.
International Taxation
Cross-border transactions demand a clear understanding of India’s evolving tax laws, treaty benefits, and withholding obligations. At Pankaj R. Shah & Associates, we offer specialized International Taxation Services that help businesses and individuals manage foreign payments, ensure compliance, and optimize tax positions under global frameworks.
Advisory & Planning
We advise clients on the applicability of withholding tax on payments made to non-residents and foreign entities, including consultancy fees, royalties, interest, and other cross-border remittances.
Our advisory ensures:
- Accurate interpretation of Double Taxation Avoidance Agreements (DTAAs)
- Structuring of international transactions for tax efficiency
- Guidance on procedural and compliance requirements under Indian law
Compliance & Verification
Our team ensures end-to-end compliance with Indian tax regulations governing foreign remittances and cross-border payments:
- Verification of TDS applicability and monthly compliance under Sections 195 and 195A
- Preparation and filing of E-TDS Returns (Form 27Q) for non-resident payments
- Review of challans, deductions, and reconciliations for accuracy
Certifications & Regulatory Filings
We assist in obtaining and filing all statutory certificates and declarations related to foreign remittances, including:
- Form 15CB certification for outward remittances
- Advisory and assistance in Form 15CA online filing through the Income Tax portal
Representation & Notice Management
We represent clients before tax authorities for international tax-related matters, including:
- Review and response to TRACES notices or TDS discrepancies
- Filing of rectifications and revised returns under Section 154
- Coordination with the TDS Department for resolution of compliance issues
Value to Clients
- Seamless management of cross-border tax compliance
- Mitigation of double taxation risks through effective treaty planning
- End-to-end assistance — from advisory to certification and representation
- Transparent, compliant, and efficient handling of foreign remittances
Our International Tax team combines technical expertise with practical insight, ensuring every cross-border transaction is compliant, tax-efficient, and strategically sound.
Transfer Pricing
As global and domestic operations expand, Transfer Pricing (TP) has become one of the most scrutinized areas of tax compliance. At Pankaj R. Shah & Associates, we help businesses design, document, and defend pricing policies for transactions between related entities—ensuring compliance, transparency, and tax efficiency.
Advisory & Planning
We provide strategic advisory to structure inter-company transactions and reduce transfer pricing risks.
Our focus areas include:
- Applicability and risk assessment under domestic and international TP regulations
- Designing arm’s length pricing models aligned with business strategy
- Drafting and reviewing inter-company agreements, contracts, and MOUs
- Advisory on supply chain and operational structuring to support defensible pricing
Domestic Transfer Pricing
We assist companies in identifying and documenting Specified Domestic Transactions (SDTs) under Section 92BA of the Income Tax Act.
Our services include:
- Evaluation and documentation of related-party transactions within India
- Benchmarking studies and Arm’s Length Price (ALP) computation
- Preparation of Chartered Accountant’s Report (Form 3CEB)
- Compliance structuring to prevent disputes and minimize tax exposure
International Transfer Pricing
For cross-border transactions, our services ensure full compliance with Indian TP law and OECD guidelines.
We provide:
- Identification of Associated Enterprises (AEs) and covered transactions
- FAR (Functions, Assets, and Risks) analysis
- Selection of the most appropriate TP method and profit level indicator
- Conducting comparability and benchmarking analysis
- Preparation of detailed transfer pricing documentation and Form 3CEB
- Representation during audits and assistance in dispute resolution
Value to Clients
- Compliant, well-documented TP policies that stand regulatory scrutiny
- Reduced litigation risk through accurate benchmarking and documentation
- Efficient structuring of inter-company transactions for tax optimization
- End-to-end support from planning to representation
Our Transfer Pricing team combines deep regulatory insight with commercial understanding, ensuring your pricing strategies are defensible, compliant, and aligned with your global business objectives.
Firm & Personal Tax
We provide end-to-end tax support for Individuals, HUFs, Proprietorships, Partnerships/LLPs, Trusts, AOPs, Societies, and employees—covering planning, compliance, certifications, and representation.
Advisory
- Written opinions on Income-tax issues and tax-efficient structuring/restructuring.
- Guidance on allowability/capitalization of expenditure; deductions/allowances.
- Advisory on withholding tax (TDS) provisions and advance tax workings.
Compliance & Registrations
- PAN and other Income-tax registrations.
- Obtaining NIL/Lower TDS certificates (including for non-residents).
- Registrations/approvals with Charity Commissioner/Registrar of Societies/Firms.
- Approvals under Sections 12AA, 80G, 10(23C), 35(1)(ii).
Returns & Certifications
- Preparation and filing of ITRs for all entities above (individuals, firms/LLPs, trusts, HUFs, societies, employees).
- Tax Audit under Section 44AB with statements and Forms 3CA/3CD.
- AMT certification u/s 115JC in Form 29C with Annexure-A.
- Year-end workings for advance tax, TDS reconciliations, and refunds/rectifications.
Representation & Litigation Support
- Assessment proceedings before the AO.
- Appeals before CIT(A) and preparation of submissions.
- Coordination and appearances for ITAT matters (as applicable).
- Responses to demands, rectification u/s 154, refund re-issue, and other departmental correspondence—online and physical follow-ups.
Value We Deliver
- Clear planning, accurate filings, and defensible certifications.
- Lower compliance risk and faster resolution of notices.
- Practical guidance aligned with your business and personal goals.
GST
The Goods & Services Tax (GST) framework demands continuous compliance, accurate reporting, and proactive management of indirect tax obligations. At Pankaj R. Shah & Associates, we offer comprehensive GST services — from registration to representation — ensuring your business stays fully compliant and efficient.
Verification & Compliance
Our compliance team ensures the accuracy and completeness of your GST filings through:
- Verification of GST registrations, returns, challans, and reconciliations
- Review of Input Tax Credit (ITC) availed and utilized under CGST, SGST, and IGST
- Monthly, quarterly, and annual GST return filing
- Refund claims and reconciliation of ITC with books of accounts
- Representation for clarification and resolution of refund or ITC discrepancies
Assessment & Litigation Support
We provide comprehensive representation and litigation support before GST authorities:
- Drafting and filing replies to GST notices, audits, and show-cause notices
- Representation before Assessing Officers and Appellate Authorities
- Filing of appeals and written submissions before the Appellate Tribunal
- Coordination with counsel for matters before High Court or Supreme Court
- Strategic advisory on pending assessments and legacy tax disputes (Excise, Service Tax, VAT)
Value We Deliver
- End-to-end GST lifecycle management — advisory, compliance, and litigation
- Reduced risk of penalties through proactive review and reconciliation
- Transparent processes ensuring timely filings and accurate reporting
- Strong representation before authorities at all levels
Reach Out to Us
Our team will connect with you to explore how we can assist.