In a fast-paced world of increasing cross border transactions, we assist in complying with the various Statutory Regulations connected to International Taxation.
Transfer Pricing Studies
Transfer price refers to a price at which a good or service is transferred between related parties. In case of Indian subsidiaries or other Companies which majorly transacts with it’s holding, subsidiary, associates, joint ventures and other related companies in or outside India, the profitability of the Company and the financial reporting in India depends mainly on the price at which the transactions have taken place between the related parties. Infini’stax team provides comparison study analysis based on which the Companies can determine it’s transfer pricing, prepares and maintains transfer pricing reports, assists in submitting transfer pricing related forms with the Tax authorities and handling any assessments on behalf of the clients.
Opinions based on Double Taxation Avoidance Agreements:
In the case of NRIs and companies transacting globally, there is always an uncertainty prevailing over the taxability of particular Income earned in a country getting taxed in other countries based on the residential status or confusions over whether two countries can impose tax on the same Income.Infini’s tax team comprises of experienced experts in the field of International taxation who could provide solution to all your queries related to single income getting taxed in more than one country and explain you the available relief according to the DTAA and the Income Tax Act.
Structuring Cross Border Transactions
Infini’s team of tax experts helps it’s clients in structuring their shareholding in the group in tax efficient manner, guiding on tax matters on the cross border transactions, assists in handling cross border lending, investments, acquisitions, etc.,
Expatriate Taxation and related services
For an Expatriate who comes to India as an employee of an Indian Company, we help them getting their registration done with FRRO, plan for their taxes in India, and get their returns filed with the tax authorities.
How do I determine the price at which I can enter into an International transaction with my related party outside India?
A detailed transfer pricing study has to be conducted based on the various methodologies available and the reasonable price shall be arrived at based on the study conducted. Contact our tax team today to know more about the transfer pricing study.
Does Transfer pricing rules apply to transactions that I enter with my related parties in India?
Yes. For specified domestic transactions the aggregate value of which exceeds Rs.20 crores in previous year with a related party, transfer pricing rules will apply.
How do I compute taxes in case if I have income that is earned outside India?
If you are an Indian national and resident of India who also earns income outside India, your residential status has to be determined and based on which your taxes will be determined. In case if you are a non resident, then there will be no taxes on income earned outside India. In case if you are a resident, your income earned outside India will be subjected to tax in India and relief of taxes if any that you have paid abroad shall be claimed according to the DTAA.
As a foreign national employee in India, how do I calculate my taxes?
Your residential status is crucial to determining your tax calculations. Contact our team to know more about how to determine your residential status and get help for your tax calculations.
How do I find the percentage of withholding taxes to be deducted while making payment for a transaction to a person outside India?
The withholding taxes are to be deducted based on Section 195 of the Act and as well as relevant DTAA provisions.
How to claim the taxes paid outside India, when the same income is getting taxed in India?
When a single income is taxed in more than one country, the income tax provisions provide for a relief. Before claiming relief, one can go through DTAA to understand where the income should be taxed and the ways to claim relief. In cases where no DTAA is entered with a country, relief can be claimed as per Section 91 of the Income Tax act.