Taxation is the heart of any economy. It is the focus of any business to be tax compliant.
A direct tax is paid directly to the government by an individual or organization. Direct taxes cannot be shared or passed onto other parties. One of the biggest examples of direct taxes is the income tax. Indirect taxes are those that a end consumer pays to a third party. Every time you pay taxes at a restaurant, a hotel or at a mall, you are paying indirect taxes. Unlike direct taxes, indirect taxes are collected by third parties, and then passed on to the government. In India, both direct and indirect taxes are a major source of revenue for the government.
While paying taxes is the duty of every citizen, paying them correctly with proper tax planning is their prerogative. Governments typically change tax policies at the time of budget presentations, and the ramification of each change is not something a common person easily understands. It is for this reason that companies (especially small and midsize) prefer hiring expert tax consultants.We at LCPL (a Pune, India based consulting firm), offer compliance services under the direct and indirect tax laws. We ensure that our clients are always 100% tax compliant. We also support offshore CPA firms in compilation of their Tax returns. Our services act as a bridge between the government and the individual, ensuring that everyone benefits fairly.
We offer varied services in Taxation such as: