Tax Consulting Engagement Letter Template for India

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Key Requirements PROMPT example:

Tax Consulting Engagement Letter

"I need a Tax Consulting Engagement Letter for my technology startup based in Bangalore, covering international tax planning and compliance services for expansion into Southeast Asian markets starting March 2025, with specific focus on transfer pricing and cross-border transactions."

Document background
A Tax Consulting Engagement Letter is essential when establishing a professional relationship for tax advisory services in India. This document is typically used when a business or individual engages a tax consultant or firm for services such as tax planning, compliance, advisory, or dispute resolution. The letter, governed by Indian legislation including the Chartered Accountants Act and ICAI guidelines, details the scope of work, deliverables, fees, and professional terms. It protects both parties by clearly defining expectations, responsibilities, and limitations while ensuring compliance with Indian regulatory requirements. The engagement letter is particularly important in the Indian context due to the complex tax landscape and strict professional service regulations.
Suggested Sections

1. Opening and Address Block: Formal business letter heading with date, recipient details, and salutation

2. Introduction: Brief introduction of the tax consulting firm and acknowledgment of the potential engagement

3. Engagement Purpose: Clear statement of the purpose of the engagement and the client's general requirements

4. Scope of Services: Detailed description of tax consulting services to be provided, including specific deliverables

5. Professional Fees: Fee structure, payment terms, and billing arrangements

6. Timeline and Deliverables: Expected timeframes for service delivery and specific milestone dates

7. Client Responsibilities: Clear outline of information and assistance required from the client

8. Confidentiality: Commitments regarding confidential information handling and data protection

9. Limitation of Liability: Professional liability limitations and disclaimers

10. Term and Termination: Duration of engagement and conditions for termination

11. Acceptance and Confirmation: Signature blocks and confirmation of engagement terms

Optional Sections

1. Team Structure: Details of key team members and their roles, recommended for larger engagements

2. Conflict Resolution: Dispute resolution procedures, recommended for complex or long-term engagements

3. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term engagements

4. Sub-contractor Rights: Terms regarding the use of sub-contractors or specialists, needed if external expertise might be required

5. International Considerations: Special provisions for cross-border tax implications, needed for clients with international operations

6. Professional Standards Reference: Specific reference to applicable professional standards and regulations, recommended for regulated clients

Suggested Schedules

1. Schedule A - Detailed Scope of Services: Comprehensive breakdown of specific tax consulting services to be provided

2. Schedule B - Fee Schedule: Detailed fee structure, including hourly rates, fixed fees, and additional charges

3. Schedule C - Required Documentation: List of documents and information required from the client

4. Appendix 1 - Terms and Conditions: Standard terms and conditions of the tax consulting firm

5. Appendix 2 - Privacy Policy: Detailed privacy and data protection policies

6. Appendix 3 - Professional Credentials: Relevant professional certifications and registrations of the consulting firm

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Financial Services

Manufacturing

Information Technology

Retail

Healthcare

Real Estate

Construction

Energy

Telecommunications

Professional Services

Education

Hospitality

E-commerce

Agriculture

Pharmaceuticals

Relevant Teams

Finance

Accounting

Legal

Compliance

Tax

Treasury

Corporate Secretarial

Procurement

Executive Management

Administration

Relevant Roles

Chief Financial Officer

Finance Director

Tax Manager

Financial Controller

Accounts Manager

Company Secretary

Compliance Officer

Finance Manager

Managing Director

Chief Executive Officer

Head of Finance

Tax Director

Treasury Manager

Procurement Manager

Legal Counsel

Corporate Counsel

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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