Tax Refunds

 

A resident taxpayer having any asset (including financial interest in any entity) located outside India or signing authority in any account located outside India is mandatorily required to furnish a tax return. Tax is payable in advance (if tax payable for the year exceeds  in specified instalments for every quarter on for the first three quarters of the tax year and on or before  for the last quarter of the tax year. Any balance of tax due on the basis of the return must be paid on a self-assessment basis before the return is filed.  Tax Refunds   A tax return will be treated as defective if the tax liability along with interest is not paid on or before the date of submission of the tax return. Interest levied for default in payment of advance tax is computed beginning from the first day of the year following the tax year to the date of the assessment order. We have dedicated teams of tax compliance specialists who can assist in completing corporate income tax returns and filing them with the local tax authority. We can calculate your local corporate income tax liabilities and advise you when and how to pay them. And we’ll complete any other mandatory or statutory filings relating to the local reporting of commercial revenues, expenses, profits, assets and transfer pricing policies.​