Taxation of Foreign-Sourced Income
At Hardik Parikh & Associates LLP, we specialize in providing personalized solutions and guidance on the taxation of foreign-sourced income in India. We provide a whole range of services to assist. Individuals and businesses navigate the complex rules and regulations surrounding the taxation of income earned abroad.
Our services include:
Consultation and Advisory Services:
Our team of experts will help you understand the intricacies of taxation laws and regulations applicable to your foreign-sourced income. We will assist you in determining your tax liabilities, tax exemptions, and available tax credits, ensuring demonstrating that you are following the law while maximizing tax benefits.
Tax Planning and Structuring:
We provide tailored tax planning solutions for both individuals and businesses with foreign-sourced income, considering factors such as residency status, type of income, and double taxation avoidance agreements. Our tax planning strategies are designed to minimize your tax burden and optimize your financial position.
Preparation and Filing of Tax Returns:
Our team will prepare and file your tax returns, ensuring that your foreign-sourced income is reported accurately and in accordance with the applicable laws. We will also help you claim the tax benefits you are entitled to, such as foreign tax credits and deductions.
Liaison with Tax Authorities:
We will act as your representative in dealing with the tax authorities in India, handling any inquiries, assessments, or audits related to your foreign-sourced income. Our team will ensure that your interests ensure you are safeguarded and treated fairly by the tax authorities.
Assistance in Tax Disputes and Litigation:
In case of any tax disputes or litigation related to your foreign-sourced income, our team of experienced tax professionals will provide you with the necessary guidance and representation. We will put up a lot of effort to settle the conflict in your favor and protect your rights.
Compliance with Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS):
We will help you comply with the reporting requirements under FATCA and CRS by providing assistance in obtaining relevant certifications, submitting necessary forms, and meeting the deadlines set by the tax authorities.
At Hardik Parikh & Associates LLP, we understand the complexities of taxation laws and strive to provide you with the best possible solutions for your foreign-sourced income tax needs. Our team of experienced professionals is committed to assisting you in achieving financial success and mental tranquility. To schedule a consultation, call us now. Discuss your specific needs related to the taxation of foreign-sourced income in India.