RSM India

Tax - International and Indian

Helping with tax challenges, wherever you are in the world. 

If you’re a global business juggling the complex and diverse tax rules of multiple markets, it can be hard to stay on top. RSM can help solve your tax challenges. We offer in-depth, up-to-date knowledge of the relevant local rules and regulations. Through collaboration with our tax professionals across all relevant jurisdictions, we are able to provide you with seamless advisory and compliance solutions in International and Indian tax.

Broadly, in India, our service areas in tax are as under:


The Indian tax system is well structured, wherein the power to levy taxes are clearly demarcated by the constitution between the Central Government, the State Governments and local bodies. The taxes in India can broadly be classified into Direct tax and Indirect tax. Some of the major taxes levied by the Central Government are as classified below:

  • Direct tax: 
    • Income tax
    • Wealth tax
  •  Indirect tax:
    • Customs duties
    • Central excise
    • Service tax


Also, in order to make the Indian taxation system more dynamic in terms of effective administration, efficient tax collection and to reduce the cascading effect of taxes, it is proposed to introduce the Goods and Services Tax (GST). This will be implemented in the near future and would be a comprehensive tax on the supply of goods and services.

We provide practical, commercially-focused and socially responsible solutions for multi-national companies, Indian companies, expatriates, non-Resident and resident Indians, etc. In this endeavour, we are immensely helped by our extensive knowledge of taxation practices and procedures followed worldwide and our regular interaction with the concerned tax authorities.

We are a leading service provider in matters of direct and indirect tax covering the whole gamut of Indian and international tax, transfer pricing regulations, service tax regulations, value added tax regulations, central excise regulations, GST transition etc.  We can also assist you with specialized services in areas of setting up of business in India and overseas, corporate business structuring, transaction advisory etc.

How we can help

  • Provision of effective taxation strategy for corporates and non corporates by considering and application of various tax holidays and benefits under the existing taxation regulations
  • Advising on taxation and exchange control regulations for investments or setting up of business in India and abroad
  • Evaluating the existing compensation structure of employees and suggesting tax efficient structure
  • Advisory on withholding tax, assistance in seeking advance rulings on international tax issues and representation before tax and judicial authorities in assessment and appeals
  • Handling and representation in income tax Search, Seizure and Survey cases
  • Expatriate taxation advisory services
  • Advising on corporate structuring and transaction advisory services with a view to optimize tax incidence
  • Assistance and training for compliance and transition to Goods and Services Tax (GST)


Tax services - Advantage RSM

  • RSM is the world’s seventh largest network of audit, tax and consulting firms and the sixth largest global provider of tax services by revenue
  • RSM in India is consistently ranked amongst India’s top six accounting and consulting groups* (International Accounting Bulletin, September 2015)
  • Extensive experience in advisory, tax and accounting matters across various sectors
  • Dedicated team of highly qualified, experienced and trained professionals

* Please visit our legal section (insert hyperlink) to know about the legal structure of the RSM network and RSM in India.

Newsflash- Coverage of Gems and Jewellery sector under Prevention of Money Laundering Act, 2002

9 September 2017
The Prevention of Money-laundering Act, 2002 (PMLA) aimed at combating money laundering in India with three main objectives – to prevent and control money laundering, to confiscate and seize the property obtained from laundered money, and to deal with any other issue connected with money laundering in India, came into force with effect from  1st July, 2005.

Newsflash- Extension in Due date of GST returns for the period July and August 2017

11 August 2017
We are pleased to release our newsflash on the captioned subject. The Government has notified the extended due date for furnishing the Goods and Services Tax (GST) returns for July 2017 and August 2017 under GST. We trust you will find the same useful.

Clarifications on computation of book profit for the purpose of levy of MAT under section 115JB of the Income-tax Act for Ind AS compliant companies

28 July 2017
The Finance Act, 2017 introduced tax provisions under Minimum Alternate Tax (MAT) provisions for Indian Accounting Standards (Ind AS) compliant companies. The provisions resulted in most Ind AS adjustments, including transition impact, being taxed under MAT provisions.

No TDS on GST component comprised in the payments made to residents - RSM India Newsflash

21 July 2017
We are pleased to release our newsflash on the captioned subject.

Newsflash - The OECD's Multilateral Instrument and its Impact on Indian Tax Treaties

20 July 2017
In October 2015, the Organization for Economic Co-operation and Development (‘OECD’) had issued the final Base Erosion and Profit Shifting (BEPS) reports and released  multilateral instrument (MLI) in November 2016 to swiftly implement treaty measures on hybrid mismatch arrangements, treaty abuse, permanent establishment, and mutual agreement procedures by modifyin

Newsflash: Income Tax - Secondary Adjustments in Transfer Pricing

20 July 2017
Recently, the Central Board of Direct Taxes (CBDT) has issued rules to support the implementation of Secondary Adjustments in Transfer Pricing by prescribing the time limit for repatriation and method for computing interest on excess money.

Newsflash: Supreme Court Judgement - Section 40(a) (ia) of the IT Act covers not only those cases where the amount is payable but also when it is paid for disallowance purposes

20 July 2017
Section 40(a)(ia) of the Income-tax Act, 1961 provides that any specified payment (interest, commission, etc.) to a resident from which tax is deductible at source will not be allowable as a deduction if (a) the tax had not been deducted or (b) after deduction, had not been paid in time as provided therein.

Newsflash: Final Rules notified for valuation of unquoted equity share for the purposes of Section 56 and Section 50CA of the IT Act

19 July 2017
Recently, the Finance Act, 2017 inserted Section 56(2) (x) so as to widen the scope of taxability of receipt of sum of money or property without/inadequate consideration.

Overview of GST implications on Developers and Contractors - Concept Note

16 June 2017
The key highlights of this Concept Note on Overview of GST implications on Developers and Contractors include:

Are You GST Ready?

1 June 2017
Help Desk: For any query or assistance related to GST, reach out to us at  GSThelpdesk@rsmindia.in .

Pages

How can we help you?

Contact us by phone +91 22 6108 5555 or submit your questions, comments, or proposal requests.

Email us