Best Corporate Tax Lawyers in Chennai

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    Corporate Tax Lawyer in Chennai

    India-based Wintrustlegal is a full-service law practice. Professionals with expertise in corporate and commercial law, dispute resolution, taxation, and intellectual property are employed by the firm. Over the past three decades, we have worked with various clients, including start-ups, small and medium-sized businesses, large Indian corporates, and multinational corporations. Our expert corporate tax lawyers in Chennai have worked in classic industries like commodities, automobiles, pharmaceuticals, petrochemicals, and more contemporary ones like e-commerce, big data, and renewable energy. To create legal solutions that our clients can use, we integrate our legal expertise with our industry experience.

    Types of Corporate Tax cases handled by our Lawyers in Chennai

    Tax evasion by a multinational corporation

    To maximize their earnings and capital returns, multinational corporations (MNCs) can travel across international borders in search of low-tax environments. We offer services aimed at denouncing multinational corporations’ tax avoidance.

    Transfer pricing disputes

    Multiple issues with the transfer pricing procedure are resolved by creating centralized data storage. The amount of time and resources saved from spending hours searching for various documents and reports can be significant, in addition to lowering the danger of losing critical individuals. Regarding conflicts involving transfer pricing, we offer legal advice.

    Tax fraud by a corporate executive

    Tax avoidance is a legal strategy. Still, it is not recommended because it can be utilized to one’s benefit to lower the amount of tax owed. Our top corporate tax lawyers in Chennai advise regarding tax fraud and protect the client’s interest.

    Tax shelter schemes

    A tax shelter is a legitimate way to invest in specific plans or schemes that lower individuals’ overall taxable income and, as a result, reduce the taxes they must pay to state or federal governments. We protect our client’s legal interests by providing advice related to tax shelter schemes.

    Corporate tax planning and restructuring

    For forming, reorganizing, and dissolving groups of companies, it is very helpful to follow the corporate restructuring guidelines included in sections 41 to 47 of the Income Tax Act. They permit mergers, unbundlings, liquidations, and the tax-neutral transfer of businesses and shares. Our best corporate tax lawyers in Chennai provide legal advice for corporate tax planning and restructuring.

    Tax disputes related to mergers and acquisitions

    If the tax basis of the assets or shares acquired is less than their fair market value, the acquiring business may have a taxable gain due to the transaction. The gain is calculated by deducting the stock’s or asset’s tax base from its fair market value. We provide legal representation and advice related to tax disputes.

    Tax controversies involving foreign subsidiaries

    One of the main effects is that branch profits taxation is applied to foreign subsidiaries. The subsidiary’s profits, ascribed to the Indian operations, are subject to this tax. After deducting expenses, the net gains are subject to a 20% tax rate.

    Tax disputes related to cross-border transactions

    Tax disputes are disagreements between the taxpayer (or the person deducting the tax) and the tax administrator or his officer regarding tax computation, payment or recovery, underpayment or overpayment of tax, and penalties for non-compliance with or breach of tax responsibilities.

    Tax disputes related to intellectual property rights

    According to Section 9(1)(vi) of the Act, royalty is a taxable income. Regarding the transfer of intellectual property, if it is made for a single lump sum payment, it qualifies as a capital gain and is subject to taxation. We provide advice related to tax disputes over IP rights.

    Tax controversies involving offshore accounts

    For tax purposes, offshore bank accounts must be disclosed to the account holder’s home country; however, in some nations, foreigners are not taxed on capital gains. If there is unrest in their nation and they are concerned about losing their investments, people may decide to retain their money elsewhere. 

    Why Choose Wintrustlegal for your Corporate Tax Cases in Chennai

    Expertise in Corporate Tax Law

    Our litigation team has received high praise for its knowledge, judgment, and systematic approach. Before the Supreme Court, High Courts, Tribunals, Advance Ruling Authority, and other fora, we handled some of the most difficult and complex indirect taxation litigation cases.

    Extensive Experience in Handling Complex Corporate Tax Matters

    With its extensive knowledge of the tax laws that serve as the foundation for this new tax system, Wintrustlegal corporate tax advocates in Chennai has distinguished itself as the best solution provider for GST to the trade and industry, both on a micro and macro level.

    Proven Track Record of Successfully Resolving Corporate Tax Issues

    As amongst the top corporate tax law firms in Chennai, we have a proven track record of success in resolving cases related to corporate tax issues.

    In-depth Knowledge of Current Corporate Tax Regulations and Laws

    Using their expertise in company taxation, international taxation, transfer pricing, and individual taxation, our best corporate tax advocates in Chennai help clients navigate the complicated tax maze. The firm offers comprehensive transfer pricing solutions, including planning, strategy, paperwork, and appeals to the TPO, DRP, Tribunals, and Courts.

    Tailored Solutions for Corporate Tax Planning and Compliance

    Our corporate tax attorney in Chennai understands the client’s unique challenges and thus provides tailored solutions for corporate tax planning and compliance.

    How we are different from other Corporate Tax advocates in Chennai

    Our consulting team is intrinsically capable of comprehending our clients’ technological and business processes, which is vital for delivering workable and efficient customized solutions.

    These are why some of the most prestigious business entities and organizations have constantly placed their faith in us.

    Our Process

    Our process involves multiple steps and varies through various multitudes. We provide advisory services wherein our specialized team of lawyers provides advice and counsel on matters related to corporate tax advisory. Secondly, our process involves procedures related to corporate tax restructuring, which our expert professionals explain to the clients in detail. Finally, we advise on compliance-related issues, especially corporate tax matters.

    Benefits of hiring Wintrustlegal for Corporate Tax Cases in Chennai

    The firm is made up of a variety of individuals. Many of our experts hold dual degrees after completing their primary education in science, engineering, or accountancy. We collaborate with experts who have substantial business or government expertise. The firm employs some of the most talented lawyers from law schools. A varied group of people enables the firm to work well together, tackle problems where law meets technology or accountancy, and provide client-centered solutions.

    Why Choose Wintrustlegal

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    Testimonials

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    “I frequently dealt with dishonest officials who demanded bribes in exchange for permits and licenses. But with the help of Wintrustlegal, I was able to fight my way through the legal system and complete my task without receiving any unethical payments. Their service in the area of corruption legislation is excellent. ”

    Jacob Fernandes

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    “The Wintrustlegal team is aware of the issues and knows what to do next. For a highly specialized corruption law solution, they collaborate closely with other specialty legal companies and consultants the client chooses to hire.”

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    “I was hesitant to contact any legal services because I was a victim of corruption. However, Wintrustlegal disproved my claim. In addition to assisting me in getting justice, their legal staff also offered me emotional support throughout the lawsuit.”

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    Get in touch with us today to schedule a consultation and discover how we can assist you with your case.

    FAQ’s

    A corporate lawyer, often a company lawyer, deals with various legal matters about corporate business practices. They frequently care for their client’s business, legal, and financial needs. A business lawyer may, for example, be in charge of corporation taxation or evaluate and supervise mergers and acquisitions.

    One can lower their tax obligation through careful tax preparation. It entails legally structuring one’s income to take advantage of several exemptions and deductions. If certain investments are made for a particular period and up to a maximum of Rs 1 50,000, one may be eligible for a tax deduction under Section 80C.

    Corporate income tax (CIT) is the tax domestic and foreign businesses must pay on their earnings in India. The income tax statute sets a precise rate for the CIT, subject to annual rate changes in the union budget.

    Tax Legal counsel helps clients understand and comply with complex tax rules. And legally using the numerous deductions, credits, and exemptions available to them. Additionally, they represent clients in tax controversies. Tax attorneys in private practice serve both individuals and businesses.

    The cost of non-compliance is widely acknowledged to be much higher than the cost of compliance, which is also true of Indian tax rules and regulations. Today, monetary losses and other significant business risks are used to quantify the cost of non-compliance.

    Tax relief lawyers are highly skilled tax experts who can use various tax strategies to help address many tax issues. They can offer a greater range of solutions than most other tax experts and provide several advantages that other tax professionals do not.

    The new tax system allows all domestic businesses to pay income tax at 22% (plus any applicable cess and surcharge). However, under the Income Tax Act, businesses must forgo the following deductions: deductions for Special Economic Zones (SEZ) under Section 10A

    If the tax basis of the assets or shares acquired is less than their fair market value, the acquiring business may have a taxable gain as a result of the transaction. The gain is calculated by deducting the stock’s or asset’s tax base from its fair market value.

    Overall, taxation is an important consideration for global enterprises since it influences investors’ decisions to invest in particular parts of the world. The essay explores many challenges related to the taxation of global enterprises.

    • Capital gains, which may be subject to a flat tax of 15% or 20% or be excluded from taxation under Sections 54D, 54G, 54GA, 54EC, etc.
    • Donations to charitable organizations, which are subject to requirements and may be eligible for a tax exemption of 50% to 100% under Section 80G.

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