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Direct Taxation

INCOME TAX

The objective of our tax services is to deliver integrated solutions that result in real savings for our clients tailored to meet the specific needs of individual clients.

We assist organisations in devising long-term development plans and to organise their expansions and diversification in a manner to reduce the ultimate tax burden. Further, we also offer advice in specialized areas such as international corporate tax, mergers and acquisitions and transfer pricing issues.

CORPORATE TAXATION

Compliance with various regulatory provisions of tax laws is an area which is time consuming and cumbersome. In order to satisfy needs of our clients, the firm provides full range of services to suit any business enterprise, be it in the form of advice or compliance assistance which are summarized below.

  • Preparation and filing of tax returns
  • Advisory services on interpretational issues in the tax laws
  • Obtaining exemptions, withholding tax certificates and advance rulings for clients
  • Determination of income and chargeability of tax
  • Compliance services relating to corporate taxation
  • Representations before tax authorities in Federal Board of Revenue

PERSONAL TAXATION

In order to minimise the risks of default and impact of higher incidence for the high net-worth individuals and to assist the organisations in fulfilling their assumed responsibilities, the firm has developed a range of services, which include:

  • Compliance services in respect of personal taxation including preparation and filing of tax returns
  • Advising on advance tax matters
  • Restructuring of salaries to make them tax effective
  • Advisory services on minimizing tax exposure or increasing tax savings
  • Tax planning for expatriates

SPECIALIZED TAX SERVICES

Our specialized tax services encompass the following:

  • Researching tax implications of proposed business transactions
  • Preparing projections of taxable income
  • Advising on Double Tax Treaties
  • Assisting various approvals for employee retirement schemes such as Provident Fund, Gratuity Fund and Pension Fund
  • Managing the taxation affairs of clients’ personnel. This includes filing of monthly and annual returns relating to personnel on behalf of the clients
  • Obtaining of nil and reduced withholding tax certificates.

Shekha & Mufti

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