Financial Advisory Services
We offer ancillary services to our clients in US as well as India; we help in complying with the tax laws.
Our Services are time bound, cost effective and client centric and we take out all the unwanted complications away and let you concentrate on the most important thing that is your business.
You can choose these services individuals or along with the tax preparation services offered by us.
ITIN/PAN
An ITIN is a tax processing number issued by the IRS to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain a Social Security Number (SSN) from the Social Security Administration (SSA). ITINs are for federal tax reporting only, and are not intended to serve any other purpose. IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security Numbers. If you have a dependent or spouse for whom you need ITIN please select the same along with your tax return preparation package and we will help you complete the same.
Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department. A typical PAN is AABPS1205E. It is mandatory to quote PAN on return of income, all correspondence with any income tax authority. From 1 January 2005 it has been made mandatory to quote PAN on challans for any payments due to Income Tax Department.
Digital Signature
Digital signature is an electronic signature that can be used to authenticate the identity of the sender of the document or the signer of the document. In order to complete your Indian tax return electronically, it has been mandated that it should be signed electronically; otherwise the verified ITR-V form needs to be submitted within a period of 60 days, thereafter. The ITR-V form was required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post. We assist our clients in obtaining a Digital Class 2 signature.
Entrace/Exit Interview/Orientation
This service will help the employer /employee in planning the International Transfer. For an employee, moving to a foreign country can be a stressful experience. In addition to the tax implications, there are also cultural issues to consider. Our goal is to assist the international executive to settle into the host country as quickly and effortlessly as possible, and assist the employer in avoiding excessive and/or needless costs. For mobile international executives, tax can be a major consideration, and for human resource professionals, the need to provide answers to questions relating to tax can be pressing.
We will provide summaries which will cover relevant income tax and social security rates, together with the key aspects of the tax legislation relating to expatriate employees working in these countries. In addition, planning opportunities, capital taxes, and local taxes will also be covered, thereby providing useful overviews of the issues that can affect employees on foreign secondments or assignments.
These summaries will also include the various entry and exit requirements mandated by the country to which the assignee is being transferred to.
This guide will provide information with relation to the Visa requirements, Foreign Exchange regulations, Bank accounts, Health services, Education, Transportation and Investment opportunities. It will also provide the contact information of the various consulates and embassies.
Please write to us at sales[at]cynergytax.com to know