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Practice Areas

A wide range of practice areas are covered to help our customers mitigate the risks of an ever-changing business environment. Spearheaded by service and sector specialists, each service vertical is backed by a highly analytical team of driven individuals that ensure clients grow in a competent and unified manner

Domestic Tax

The Indian tax system is one complex piece of legislation. Frequent changes in Indian direct tax laws, (multiple changes every year), only add to the complexities. CNK keeps abreast of all such changes made in Direct Tax Laws, so as to provide quality services to its clients.

Due to our in-depth research in the field of Direct Taxes, locally as well as internationally, as well as on account of its past experience with the Indian Tax authorities, we are able to provide pragmatic solutions to our clients. Our experience with a highly diversified client base, provides us with valuable insights of the industry tax issues and positions and puts us in a better place to advise our clients.

Tax optimization also plays an important role and we offer a comprehensive bouquet of direct tax services to our clients consisting of tax optimization and advisory, compliance and litigation services. 

Our wide range of services in this area includes:

Advisory

  • Providing opinions on various complex tax issues;
  • Evaluating tax implications on EPC contracts, construction contracts, joint development agreements etc.;
  • Evaluating and advising implications under ICDS and related disclosures;
  • Advising and assistance in preparing the Indian tax portion of Private Placement Memorandums (PPM’s);
  • Advising clients in designing a tax-efficient salary structure of employees;
  • Advising on taxation of charitable trusts;
  • Advising on GAAR implications of various transactions
  • Updating clients on developments in the field of direct taxes which could have a bearing on their business.

Compliance & Attest Services

  • Preparation and filing of tax returns (income tax, withholding tax returns) in India and various other procedural compliances such as preparing and filing applications for a Permanent Account Number, Tax Deduction Account Number, non-deduction or lower withholding of taxes at source, etc.
  • Tax audits and other special purpose audits under direct tax laws, including domestic transfer pricing audits and documentation;
  • Certification services (where required) for all types of outward remittance transactions;

Litigation

  • Representation services in relation to assessments, including preparation of responses to notices, appearance before the authorities, preparation of appeal documents and attending to hearing of appeal matters.

Other Services

  • Sanity check of all Direct Tax/Withholding Tax related compliances;
  • Due diligence reviews from a direct tax perspective in transactions of merger, de-merger, slump sale, and more.
  • Conducting customized training workshops for clients on all aspects impacting their business operations.