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DIRECT TAX SERVICES



Amid the challenging economic scenario and newfound initiative by the Government to improve tax environment, businesses need to pay close attention to tax challenges and rework their strategies.

Compliance is no longer limited to an annual exercise aimed at filing of a tax return, but has evolved into a full-time function focused on effective tax structuring and planning ensuring that organisations remain competitive in this complex business environment and at the same time manage their tax exposure.

We, at D. P. Thakkar & Co., keep clients aware of developments that may affect business, and also help interpret their significance and plan strategic initiatives, enabling them to balance compliance and value creation. We can help inter alia in direct tax compliance services like preparation and filing of Income tax returns, Advance tax and Tax deducted at source.

INDIRECT TAX SERVICES



The Goods and Service Tax (GST) is radical tax reform. It has resulted in to comprehensive tax base and virtually all goods and services are taxable. GST will impact tax incidence, credit utilization, compliances and will require complete overhaul of the indirect tax system of business entities. Business entities will have to reevaluate their supply chain, renegotiate contracts with customers/vendors and reset tax practices.

The firm offers comprehensive GST advisory, compliance and operational support services to assist businesses.

The systematized compliance services and operational support offered by us encompasses various activities such as obtaining registrations and licenses, filing of returns and assistance in refund applications. We also assist in preparing replies/responses to show cause notices.

AUDIT & ASSURANCE SERVICES



The firm employs and implements the latest methods of audit, for maximizing audit efficiency through risk based audit approach. This enables timely delivery and value added advisory services to clients. Most importantly the Firm’s audit approach is business oriented. It focuses on an understanding of the client’s business much deeper than the knowledge of the accounting system.

We perform audit & assurance services for multi-sized entities. Our Audit & Assurance service include Statutory Audit under Companies Act, Tax Audit under Income Tax Act and Internal Audit.

FOREIGN EXCHANGE REGULATIONS



India has become significant player in global market and have seen surge of cross border activities. Indian entities have adopted organic and inorganic strategies to integrate with the world economy.

We assist clients in setting up operations in India and abroad. We also offer below compliance services in this field:

Compliance of the procedure including chartered Accountants Certification for repatriation of income/assets from India.

Making applications to Reserve Bank of India for setting up liaison office or branch office in India.

  • Allotment of Shares to non-residents.
  • Transfer of shares from Indian resident to non-residents.
  • Setting up Wholly Owned Subsidiary (WOS) Joint Venture (JV) abroad.
  • Issue of Statutory Certificates under FEMA & RBI regulation.

SETTING UP BUSINESS IN INDIA



Due to economic liberalization, starting and setting up and doing business in India has become hassle free. Owing to ongoing digitalisation at Government level, incorporation of a company, in India, has become quicker task. Owing to changing regulatory environment, there are various efficient vehicles available for entry and exit strategy.

A foreign company planning to set up business operations in India has the following TWO options:

  • i) As an Indian Entity:
  • A foreign company can commence operations in India by incorporating:

    1. Joint Ventures;
    2. Wholly Owned Subsidiaries; or
    3. Limited Liability Partnership

  • Foreign equity in such Indian companies can be up to 100% depending on the requirements of the investor, subject to equity caps in respect of the area of activities under the Foreign Direct Investment (FDI) policy.

  • (ii) As a Foreign Entity: Foreign Companies can set up their operations in India through:

    1. Liaison Office/Representative Office
    2. Project Office
    3. Branch Office
    4. Establishment of Liaison Office/Project Office/Branch Office is regulated under Foreign Exchange Management Act,1999.

OUTSOURCING SERVICES



Outsourcing a company’s legal business process to external agencies provides leveraging benefits ranging from low cost labor, improved quality to product and service innovation.

Every minute an employee spends on an activity that does not directly add value to your customer's solution is a cost that can be saved. Despite the anti-outsourcing backlash, benefits from outsourcing are very tangible and companies look seriously at outsourcing some or most of their non-core, supporting or non-client facing activities.

We provide complete outsourcing solutions related to Bookkeeping & Accounting, Payroll Processing & Management Financial Reports. We are your trusted partners that can help you concentrate on your core activities and grow while maintaining professionalism, quality of work and confidentiality of outsourced work.