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Mazars Advisory LLP Launches Mazars Advisory Solutions (MASIndia), a One-stop Solution for All Tax Queries
In a bid to ease the tax submissions process in the post-pandemic era and support businesses and professionals, Mazars Advisory LLP, a leading consulting firm, announced on Wednesday the launch of its pioneering, online, innovative platform MASIndia (www.masindia.live). Backed by a group of professionals with extensive industry knowledge and experience in taxation matters, the online platform will provide a complete...
In a bid to ease the tax submissions process in the post-pandemic era and support businesses and professionals, Mazars Advisory LLP, a leading consulting firm, announced on Wednesday the launch of its pioneering, online, innovative platform MASIndia (www.masindia.live). Backed by a group of professionals with extensive industry knowledge and experience in taxation matters, the online platform will provide a complete solution to all direct and indirect tax queries. The new platform will address a myriad of complex submissions related to compliance, transfer pricing, assessment proceedings, litigation matters, opinions, and any other advisory needs, the company said in its statement.
Before the introduction of a paperless system, tax submissions presented to authorities were heard orally and implemented manually. But the country's Income Tax regime has evolved in the past decade and has become contactless. It is accurate in cross-referencing the transactions and seamlessly mapping the business ecosystem. However, with the online assessment and appeal schemes, cases are decided mainly based on written submissions provided by the taxpayers. Therefore, it calls for quality written submissions that substantiate claims comprehensively. However, there are significant gaps experienced in communication between the taxpayer and the Income Tax Department. MASIndia is here to fill those gaps and make the submissions accurate, thus eliminating cost and time overruns.
