Navigating the complexities of international taxation can be challenging for individuals and businesses operating across borders. At MJ & Associates, we help you understand and comply with tax laws, whether you're an Indian resident with global income or a foreign resident with income from India.
Indian Residents: You are generally taxed on your worldwide income. This means you must declare all income earned overseas in your Indian tax return, even if you've already paid tax on it in another country. You may be eligible for a foreign income tax offset in India.
Foreign Residents: You are typically taxed only on income sourced from India. This includes wages, rental income from Indian properties, or capital gains from selling Indian assets. We can assist with obtaining a Permanent Account Number (PAN), filing your tax returns, and managing any refunds you may be entitled to.
We assist with a variety of international tax compliance matters, ensuring all your obligations are met in India.
Transfer pricing is a critical international tax issue for multinational organizations. It involves the pricing of goods, services, or intangibles exchanged between related entities across different countries. With increasing global trade and specific transfer pricing legislation in many countries, managing these transactions correctly is vital.
MJ & Associates plays a key role in helping you manage your international transactions and mitigate risks. Our services include:
Transfer Pricing Planning and Documentation: We help you develop and document a robust transfer pricing strategy.
International Dispute Resolution: We assist in resolving disputes with tax authorities.
Advance Pricing Agreements (APA): We evaluate and help formalize APAs to provide certainty on your transfer pricing.
Certificates for Overseas Remittances: We issue necessary certificates for making payments overseas.
Analysis and Reporting: We analyze transactions and prepare comprehensive Transfer Pricing Study/Reports.
Risk and Opportunity Assessment: We identify potential risks and opportunities related to your intercompany pricing.
Intellectual Property Valuation: We provide valuation services for intellectual property.
Filing of Forms: We handle the filing of forms like 15CA/CB.
