Taxation

 

At Lochan & Co, we improve tax capabilities of our clients and help them transform their processes to deal with complex tax issues. We deliver a wide spectrum of fully integrated tax services that help to minimize tax exposure and highlight the risks of complicated legislation.

Drawing on our knowledge of tax regimes in India and around the world, we aim at delivering our clients- timely information and independent advice.

Our key tax and regulatory services include the following:

  • Direct Tax Services (Income Tax)
  • Goods and Service Tax (GST)
  • Compliance
  • International Tax
  • Transfer Pricing

Excise and Custom

Our key tax and regulatory services include the following:
 

  • Potential Challenges:
    • Unable to meet the Regulatory filing deadlines;
    • High tax exposure;
    • Reporting of multi-layered tax issues and transactions.

    How we can help:
    • Identifying alternatives, understanding tax implications, and guiding you in structuring your transaction;
    • Tax Optimization by our experts;
    • Advanced planning techniques extending far beyond traditional tax services.

    Our key services include:
    • Tax Planning
    • Taxation of foreign companies investing in India
    • Transfer pricing matters
    • Preparation & Filing of Annual IT Return
    • Various Registrations under Income Tax
    • Income Tax Assessment
    • Income Tax Appeals before CIT & ITAT
    • Fringe Benefits Tax (FBT)

Direct Tax Services

The principal objective of Lochan & Co’s tax professionals is proactive, year-round planning. Our tax specialists have developed a great deal of knowledge about each of all industries to get a comprehensive picture. This helped us in extensive planning that allows us to maximize efficiencies and optimize taxes.

Potential Challenges:

  • Unable to meet the Regulatory filing deadlines;
  • High tax exposure;
  • Reporting of multi-layered tax issues and transactions.

How we can help:

  • Identifying alternatives, understanding tax implications, and guiding you in structuring your transaction;
  • Tax Optimization by our experts;
  • Advanced planning techniques extending far beyond traditional tax services.

Our key services include:

  • Tax Planning
  • Taxation of foreign companies investing in India
  • Transfer pricing matters
  • Preparation & Filing of Annual IT Return
  • Various Registrations under Income Tax
  • Income Tax Assessment
  • Income Tax Appeals before CIT & ITAT
  • Fringe Benefits Tax (FBT)
  • Potential Challenges:
    • Unaware of the nuances of the new tax regime;
    • Disputes and disagreements with various tax authorities;
    • Lack of resources and knowledge for online compliance.

    How we can help:
    • Providing you a full insight of GST and its minutiae;
    • Helping you carry out the computer-aided compliances and timely filings;
    • Implementing tax strategies that complement your business and operational goals;
    • Resolving disagreements with tax authorities when they arise.

Indirect Tax Services

GST- Goods and Service Tax, a newly developed indirect tax regime in India, has replaced many indirect tax laws. GST impacts the overall business including the material and product cost, cash flow, profitability, and the shareholder’s value.

Potential Challenges:

  • Unaware of the nuances of the new tax regime;
  • Disputes and disagreements with various tax authorities;
  • Lack of resources and knowledge for online

How we can help:

  • Providing you a full insight of GST and its minutiae;
  • Helping you carry out the computer-aided compliances and timely filings;
  • Implementing tax strategies that complement your business and operational goals;
  • Resolving disagreements with tax authorities when they arise.
  • Potential Challenges:
    • Planning, deduction, and deposit of withholding taxes;
    • Quarterly & annual return filings;
    • Managing employees for the issuance of withholding forms.

    How we can help:
    • Providing a team of experts supported by highly efficient staff to perform all tax-related activities and documentation;
    • Soliciting your inputs to continually improve our services and effectiveness;

    • Leaving no gap in timely compliances.

    Our Services Include:
    • TDS Management
    • Preparation and Filing of Quarterly Returns
    • Filing of TDS Annual Return
    • TDS Assessments
    • Value Added Solutions

 Compliance

Although the scope of the regulations and the tax rates have been reviewed from time to time, the regulations have evolved through piecemeal extension, rather than a fundamental review.

Our team comprises of prominent business and academic leaders that meet with us during the year to discuss practice and service issues.

Potential Challenges:

  • Planning, deduction, and deposit of withholding taxes;
  • Quarterly & annual return filings;
  • Managing employees for the issuance of withholding forms.

How we can help:

  • Providing a team of experts supported by highly efficient staff to perform all tax-related activities and documentation;
  • Soliciting your inputs to continually improve our services and effectiveness;
  • Leaving no gap in timely compliances.

Our Services Include:

  • Preparation and Filing of Quarterly Returns
  • Filing of TDS Annual Return
  • TDS Assessments
  • Value-Added Solutions
  • Potential Challenges:
    • Disputes and disagreements with various tax authorities;
    • Difficulty in understanding foreign laws and tax regulations;
    • Unable to fulfill the cross-border tax compliances.

    How we can help:
    • Understanding and meeting your compliance obligations;
    • Implementing tax strategies that complement your business and operational objectives;
    • Managing tax accounting and reporting issues;
    • Helping you through the international tax dispute resolution.

    Our services include:
    • Global Tax Compliance
    • Global Mobility
    • Foreign Business Investments
    • Employee Taxation

International Tax

Our International Tax professionals help companies manage the complexities of multiple tax system and regulations around the world. Our professionals have detailed knowledge and expertise about the different tax regulations around the world.

Potential Challenges:

  • Disputes and disagreements with various tax authorities;
  • Difficulty in understanding foreign laws and tax regulations;
  • Unable to fulfill the cross-border tax compliances.

How we can help:

  • Understanding and meeting your compliance obligations;
  • Implementing tax strategies that complement your business and operational objectives;
  • Managing tax accounting and reporting issues;
  • Helping you through the international tax dispute resolution.

Our services include:

  • Global Tax Compliance
  • Global Mobility
  • Foreign Business Investments
  • Employee Taxation
  • Potential Challenges:
    • It is an expensive and time-consuming process;
    • It may result in double taxation of income ;
    • Considerable uncertainty.
    How we can help:
    • Our professionals possess the required skills to minimize your cost and save time;
    • Our understanding of tax and economics helps us deliver and implement TP services that are customized for your specific requirements;
    • We help you comply with all regulations.

    Our services include:
    • Transfer Pricing Documentation
    • Representation and Litigation Support
    • Advisory
    • Specialized Offerings (Advanced Pricing Agreements, Value Chain Transformation, and BEPS)

International Tax

Our International Tax professionals help companies manage the complexities of multiple tax system and regulations around the world. Our professionals have detailed knowledge and expertise about the different tax regulations around the world.

Potential Challenges:

  • Disputes and disagreements with various tax authorities;
  • Difficulty in understanding foreign laws and tax regulations;
  • Unable to fulfill the cross-border tax compliances.

How we can help:

  • Understanding and meeting your compliance obligations;
  • Implementing tax strategies that complement your business and operational objectives;
  • Managing tax accounting and reporting issues;
  • Helping you through the international tax dispute resolution.

Our services include:

  • Global Tax Compliance
  • Global Mobility
  • Foreign Business Investments
  • Employee Taxation