Tax Services – Domestic and International

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

If you’re a global business juggling complex and diverse tax rules of multiple markets, it can be hard to stay on top of what can seem like ever-changing regulations. RSM can help solve your tax challenges, offering 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 for taxes in India and international tax law.

Broadly, our domestic service areas in tax cover:

Indian tax law is well structured, wherein the power to levy taxes is clearly demarcated by the constitution between the central government, the state governments and local bodies. Taxes in India can broadly be classified into direct tax and indirect tax. Some of the major taxes levied by the central government are classified below:

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

Since July 2017, the Goods and Services Tax (GST) has made the taxation system more dynamic in terms of effective administration, creating efficient tax collection and reducing the cascading effect of taxes in India.

We provide practical, commercially focused and socially responsible solutions for both multi-national and Indian companies, as well as expatriates and non-resident and resident Indians. Our extensive knowledge of taxation practices and detailed understanding of both international tax law and Indian tax law leaves us expertly positioned to help your business. Our procedures follow globally regarded best practice, and our regular interaction with international tax authorities ensures we maintain this at all times.

We are a leading service provider in matters of direct and indirect tax, covering the full spectrum of Indian and international tax law and key regulations including transfer pricing, service tax, VAT, central excise and GST.  We can also assist you with numerous specialised service areas, with experience in business set up in India and overseas, not to mention corporate business structuring, transaction advisory and multiple other avenues.

How we can help

  •  Provision of effective taxation strategy for corporates and non-corporates through consideration 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 improvements
  •   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 around Goods and Services Tax (GST)


Why choose RSM for your tax services?

  •  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*
  •  Extensive experience in advisory, tax and accounting matters across various sectors
  •  Dedicated team of highly qualified, experienced and trained professionals
  •  Full knowledge of India tax law, as well as international tax legalities

For more information on how RSM can assist you with taxes in India, contact us today.

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

 

 

 

Webinar 13th May

12 May 2022
We have two very exciting knowledge-sharing webinars scheduled for Friday 13th May 2022, as under:   A.      Schedule for the sessions:  

Applicability of E-invoicing for a person with a turnover of Rs.20 crores or above w.e.f. 1 April 2022

1 March 2022
E-invoicing provisions under GST had been made effective from 1 October 2020 for persons whose aggregate annual turnover exceeds Rs.500 crores. The exemption limit was reduced from Rs.500 crores to Rs.100 crores with effect from 1 January 2021 and further brought down to Rs.50 crores with effect from 1 April 2021.

Key Highlights of Rajasthan State Budget 2022-23

1 March 2022
The Rajasthan State Budget for financial year (FY) 2022-23 was presented by the State Chief Minister, Shri. Ashok Gehlot on 23 February 2022.   The Budget proposals cover various aspects of the economy, viz. Infrastructure Development, Investment & Economic Growth and Social Development.  

Gujarat High Court allows Condonation Application for Filing Form 10-IC

1 March 2022
The purpose of this newsflash is to highlight the recent judgment in the case of Rajkamal Healds and Reeds Pvt. Ltd. v/s ADIT pronounced by Hon’ble Gujarat High Court (R/SPECIAL CIVIL APPLICATION NO.

New Faceless Appeal Scheme, 2021

1 March 2022
In order to provide efficiency, transparency and accountability by eliminating the interface between taxpayers, Income-tax authorities and Commissioner of Income-tax (Appeals), Central Board of Direct Taxes (‘CBDT’) had notified Faceless Appeal Scheme, 2020 vide Notification nos.

Budget 2022 Impact on Select Industries - Real Estate and Infrastructure Industry

1 March 2022
The Union Budget 2022 is a very progressive budget with focus on growth, investment, and employment as well as stability of tax regime. As per the Economic Survey, GDP for FY 2021-22 is expected to grow by 9.2% and for FY 2022-23 by 8% to 8.5% in real terms making India the fastest growing economy in the world.

Extension of Timelines for Electronic Filing of Various Forms

28 February 2022
The Government has vide Circular no. 16/2021 dated 29th August, 2021 has provided relaxation in making various compliances under the Income Tax Act, 1961 considering the difficulties faced by taxpayers and other stakeholders in Electronic filing of certain Forms  

CBDT extends applicability of Safe Harbour rules to Assessment Year 2021-22

28 February 2022
On 24 September 2021, Central Board of Direct Taxes (‘CBDT’) has issued Notification No.

OECD Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy

28 February 2022
On October 8, 2021, Organization for Economic Co-operation and Development (‘OECD’)/G20 Inclusive Framework (‘IF’) has issued statement on Two-Pillar solution to Address the Tax Challenges Arising from the Digitalisation of the Economy.

Key Proposals of The Taxation Laws (Amendment) Bill, 2021

28 February 2022
The Finance Minister presented the Taxation Laws (Amendment) Bill, 2021 (herein referred as ‘the Bill’) in the Lower House of Parliament on 5 August 2021.

India Budget 2022 - Publication

1 February 2022
India Budget 2022 - Publication We are pleased to enclose herewith our publication viz. 'India Budget 2022 – Highlights' wherein we have analysed the Union budget tax and other Regulatory Proposals announced on 1st February 2022.

India Budget 2022 – Insights & Updates

1 February 2022
India Budget 2022 – Insights & Updates   'India Budget 2022 – Key Aspects in a Nutshell' highlighting certain key aspects of the Union Budget 2022 announced on 1st February 2022.  

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How can we help you?

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

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