Catering to the growing demands of our clients, we have engaged ourselves in providing cost effective Tax Compliance Services. They are well-versed with the rules and regulations relating to the taxation. In order to execute these services, we are deployed highly talented professionals who possess vast experience in this domain. It helps us to timely provide our services in this as per the requirements of our clients. Furthermore, all these services are highly authentic and cost effective.
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Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (popularly Black Money Act) is an Act of the Parliament of India. It aims to curb black money, or undisclosed foreign assets and income and imposes tax and penalty on such income.
The tax compliance window (i.e. Voluntary Disclosure) under Black Money Act (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, is open till September 30, 2015. During this period, tax and penalty of 60% of the undisclosed foreign assets / Incomes, shall be applciable. The Act is Applicable to Resident Indians.
After the expiry of window, such persons have to pay tax and penalty of 120% on undisclsoed income and assets held abroad.
The Central Board of Direct Taxes has notified on July 2, 2015, the rules and regulations governing the Black money Act. 2015.
Contact us for any further clarifications or support in compliances.
In today’s world corporate as well as individuals are required to comply with a number of tax compliances, which require expert knowledge and are mostly time-bound and technical in nature. We are a prominent organization engaged in offering excellent Tax Services to our Multinational corporate clients. With the help of our professionals who hold in-depth knowledge about ERP (SAP / CODA / Oracle and others), these services can be provided at the patrons place or at the offices, and may be customized as per the provided details of each client.
These services include the following:
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