Corporate Tax

Corporate tax covers the computation, payment, and reporting of income tax by companies operating in India, including domestic companies, foreign companies with an Indian presence, and companies opting for the various concessional tax regimes now available. Getting corporate tax right involves far more than filing a return each year; it requires ongoing attention to advance tax instalments, eligible deductions and exemptions, and the choice of tax regime that best suits the company's profile.

Why This Matters

Errors in corporate tax computation, missed advance tax instalments, or overlooked deductions can result in interest charges, penalties, and cash flow strain that could otherwise have been avoided with careful planning. Equally, an aggressive or poorly substantiated position taken to reduce tax liability can invite scrutiny and prolonged litigation, so companies need a considered, well-documented approach to their overall tax position.

How We Help

Tax Computation and Return Filing

We prepare accurate computations of total income, taking into account book profits, disallowances, carried-forward losses, and applicable tax rates, and manage the timely filing of corporate tax returns along with the required tax audit reports and other statutory annexures.

Advance Tax and Regime Planning

We estimate advance tax liability at each instalment date based on projected income for the year, helping companies avoid interest for shortfall while not over-committing cash unnecessarily, and we evaluate whether the concessional tax regimes available to companies offer a more favourable outcome than the standard regime given the company's specific deduction and exemption profile.

Deductions and Exemptions Planning

We review available deductions and incentives, including those linked to research and development, specified investments, and business-specific exemptions, to ensure companies claim everything they are legitimately entitled to while maintaining the documentation needed to support these claims if questioned.

Representation Before Tax Authorities

Where a company's return is selected for scrutiny or a demand is raised, we prepare responses, attend hearings, and represent the company before assessing officers and appellate authorities, aiming to resolve matters as efficiently as possible while preserving the company's position for any further appeal.

Who Needs This

• Domestic companies across manufacturing, trading, and services sectors
• Foreign companies with a branch, project office, or other taxable presence in India
• Start-ups and growing businesses evaluating the most suitable tax regime
• Companies undergoing scrutiny assessment or facing a tax demand

Our Approach

We stay closely engaged with a company's financial position throughout the year rather than only at the time of filing, so that advance tax estimates, regime choices, and deduction claims are planned well in advance rather than reconstructed after the fact. Every position we recommend is checked against current statutory provisions and judicial precedent, so that the company's tax filings remain both efficient and defensible.

Get in Touch

To discuss how we can support you with corporate tax, write to us at info@agarwalurs.com.