We, S LOHIA & ASSOCIATES, is a Chartered Accountants firm, with it is headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields.
We, at S LOHIA & ASSOCIATES, focus at providing tailor made solutions to challenging problems of our clients, and perform with high quality and timely serviceRead More
We have creditable experience of providing multitude of services to a diverse client profile. Non resident Indians comprise a substantial portion of our client base. We provide a range of services to our NRI clients. Our client profile includes
Non resident Indians who have/ intend to have investments in India
For Non resident Indians who have certain investments, property and bank accounts in India, we manage their financial affairs in India in its entirety as follows:
For Non resident Indians who intend to invest in stock market, property etc., we provide the following services:
Non resident Indians who inherit assets in India
A NRI inherits assets in the form of investments, property etc in India and intends to either liquidate them and repatriate the sale proceeds of the same or manage the same in most tax efficient manner. We enable him to achieve these objectives by facilitating the clearance from Income Tax Services, RBI and other regulatory authorities.
Non resident Indians/ other Non-residents who have/ intend to set up a business in India
A NRI/ other non-resident businessman intends to set up business in India. We enable him to do so by providing the following services:
A NRI/ other non-resident already has a business in India. Besides providing the entire gamut of financial and consultancy services, we operate as a representative office/ manage specific business processes.
A returning NRI wants to retain/ disinvest assets (property, investments, business) acquired outside India and re-invest abroad the income/ sale proceeds thereof. We assist him as follows:
Emigrating Indian/ New NRI
An emigrating Indian/ new NRI wants to retain/ disinvest assets (property, investments, business) acquired in India and repatriate the income/ sale proceeds thereof. We enable him to do so as follows:
Permanent Account Number
Permanent Account Number (PAN) is a national identification number, issuedto all taxpayers of India whose income is taxable. This number is issued by the Income Tax Office. The primary purpose of PAN is to prevent tax evasion by keeping a track of monetary transactions. The PAN is unique, national, and permanent. It is unaffected by a change of address, even between states.Permanent Account Number is an identity document/number which can also be issued to non-taxpayers. All existing assessees or taxpayers or persons who are required to file a return of income, even on behalf of others, must have a PAN. Any person, who intends to enter into economic or financial transactions where quoting PAN is mandatory, must also have a PAN.
It is mandatory to quote PAN on:
Following entities can apply for a PAN card:
The process for application of PAN is as follows: