Jayantilal Thakkar & Co.

FEMA Advisory

The Foreign Exchange Management Act (FEMA) is the main Act which regulates cross-border transactions, with the Reserve Bank of India and Central Government being at the apex of monitoring such transactions.
Shri Dilip J Thakkar, Senior partner at JTCo., is one of the top counsel on FEMA advisory in India. At JTCO, we advice on various structures including International Trust structures for High Net worth clients and Elite Business houses in the country. We advice on Inbound structuring and compliances, Advisory on External commercial borrowings, Outbound structuring, Valuation and certification, Compliances relating to Liaison offices, Project offices & Branch offices. Tax and FEMA compliant structures for Resident / Non resident Individuals. We also help our clients in the matters relating to FEMA violations and assist them for proper compounding process. FEMA Advisory has been the core service of our firm and we have successfully helped entities and individuals understand and comply with existant regulations.

Tax & International Tax

Taxation is a process by which a taxing authority imposes or levies a tax on its citizens and business entities. It is a way by which all income earning entities pay back to the society and help in its development and betterment. It is, however, no longer limited to an annual exercise aimed at filing of a return of income.It has evolved into a full-time function focused on effectively managing and complying with the complex rules and regulations under various tax laws.
We, here at Jayantilal Thakkar & Co., provide a helping hand in effectively mitigating the adverse impact of such tax compliances. Our comprehensive and simple approach helps break down the complex web of various provisions and rules so that you can take the best step forward. We keep an in-depth understanding of the business activities of our clients which helps us customize the appropriate taxation strategy. This expertise further ensures that business opportunities are balanced keeping in mind the optimum effective tax-rate. Our taxation-wing offers a plethora of services and cover all related and nested services including consultancy on international taxation, tax structuring across cross border entities, representation and appearance before the concerned authorities, handling assessments, recifications and refund matters, etc. Our tax-compliance services offer income tax filing services including preparing and filing your returns of Income. We, here at JTCo., ensure that the client always falls in the good books of Law and is upto date and compliant with all the latest rules and regulations.

Audit & Assurance

Audit & Assurance are the processes used for the evaluation of the financial records of an entity. The practice of auditing and assurance revolves around verifying the financial records and ensuring that they are reliable for the Stakeholders to take informed decisions. However, it is more than just verifying numbers. Audit & Assurance not only is a true reflection of your current position in the industry but also directs you to level up your competency in a holistic manner.

The Regulatory framework in India has truly understood the importance of Auditing and Assurance in the development of an economically independent nation. Coupled with a dynamic business environment, the legal and regulatory framework has ensured that an entity’s success is measured by the independence of its auditors. Auditing and assurance is a year-round exercise and includes Statutory Audit, Tax Audit, Financial Due Diligence, Internal Financial Controls (IFC), etc.

We, here at JTCo., ensure that our Statutory audit and assurance services help you envision a future built on strong foundations and core values; all the while, guiding you with our relevant insights and experienced decisions. Our Auditing procedures start with us obtaining an in-depth understanding of the client’s business, the environment in which it operates including its internal control and its risk profile. We abide by the highest standards of Professional Ethics and Code of Law. Our accomplished and experienced audit team has an in-depth and a hands-on experience of working across multiple industries and diverse sectors. We, here at JTCo., take immense pride in the finesse with which we help our clients, within the legal bounds, become a better and a more competent version of themselves.

Valuation

Valuation of Business is considered as one of the most complex exercise and an important tool measuring the actual worth of the business. Valuation plays a key role in fund raising, business acquisitions and mergers in determining the true and fair value of the business.

Valuation of Shares & Securities and Assets are mandatory under various statutes such as Income Tax Act, Companies Act 2013, SEBI regulations, FEMA, Insolvency /Liquidation process. Also Companies Act, SEBI and Insolvency and Bankruptcy Code mandates valuation only by a persons registered with IBBI as a registered valuer.

We at Jayantilal Thakkar & Co., possess required valuation expertise providing valuation services for Business, Shares & Securities and Intangible assets as per the International Valuation Standards (IVS) and assist the clients in determining the true value of assets.

Valuation exercise is performed by our professionals who possess vast industry experience, understands business complexities and uses appropriate globally accepted valuation methods and techniques.

Due Diligence & Structuring

Tax Structuring includes a range of solutions designed to reduce direct and indirect tax costs through the use of efficient structuring techniques and trading arrangements. It becomes increasingly important for business enterprises to find new ways to align their tax strategies with their overall business needs and objectives, while also meeting compliance requirements as they arise. Therefore, in today’s global economy, effective tax planning can offer a significant competitive advantage. We also provide solutions for tax and regulatory issues play a key role in ensuring the success of M&A and restructuring activities, both in a domestic as well as cross-border context.

Transfer Pricing

Transfer pricing refers to the pricing of goods, services or intangibles within a multinational organization, particularly in regards to cross- border transactions. The vast majority of global trade occurs between related-party entities. As global trade increases, companies are confronted more and more with complex issues associated with inter-company pricing. Here at JTCo, our transfer pricing professionals assist taxpayers with home country and foreign documentation requirements by preparing transfer pricing documentation reports that analyze the arm’s length nature of their intercompany prices. We can also assist multinationals with multiple foreign affiliates to prepare global documentation satisfying all of their documentation requirements in an efficient and consistent basis.
We assist clients with the study of their business operations, intra-group transactions and recommend long-term transfer pricing strategies including the methodologies to be adopted, by developing detailed reports on transfer pricing assignments. We assist clients in analyzing, preparing and representing cases suitable for entering into Advance Pricing Arrangements (‘APAs’) with tax authorities in respect of international transaction to which transfer pricing provisions apply

Goods and Service Tax (GST)

With constantly evolving regulatory environment, it becomes extremely important to analyze GST implications on the businesses. We at Jayantilal Thakkar and Company, advise clients in analyzing GST implication on their businesses, assist clients in selecting the right business model which minimizes indirect tax costs and implementing IT / ERP systems which aligns with GST regulatory requirements. Being a transaction driven tax, it is important to adopt a detail-oriented approach in adhering to the compliances. We assist our clients with their monthly and annual return filings. We also assist our clients in identifying gaps in their compliances by undertaking periodic reviews and health check-up assignments. Our team also represents clients before tax authorities at scrutiny, audit, adjudication and appeal levels. With sound legal knowledge and technical expertise, our team helps clients in successfully navigating their litigation.

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