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.