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.

THE NEW AXIS OF FINANCIAL REPORTING - IND AS AND ICDS

4 April 2016
The publication 'The New Axis of Financial Reporting - Ind AS and ICDS' is prepared by RSM Astute Consulting Pvt. Ltd. (the Indian member of RSM) to provide readers a broad understanding of applicability of Ind AS and Income Computation and Disclosure Standards (ICDS) and some key differences with IFRS and Indian Standards.

Newsflash-Maharashtra State Budget 2016-17 - Key Highlights

23 March 2016
On 18 March 2016 Maharashtra Finance Minister has presented the State budget for the year 2016-17. The changes effected in various regulations shall be effective from a date to be notified unless otherwise specified . This newsflash brings to you certain key aspects of the Maharashtra State Budget 2016-17.

White Paper - Base Erosion and Profit Shifting

23 March 2016
The integration of national economies and market has increased substantially in recent years putting a strain on the international taxes, which were devised many years ago.

Budget buzz on Dalal Street: Investors fear changes in STT, DDT, capital gains tax

17 February 2016
Views of Dr. Suresh Surana (Founder, RSM Astute Consulting) Government is committed to reducing litigation and has recently taken certain measures, such as setting up of tax simplification committee and acceptance of the judicial rulings in the case of Vodafone/Shell, etc. 

Budget Expectations 2016 – Corporate Taxes

17 February 2016
Article by Dr. Suresh Surana (Founder, RSM Astute Consulting)  

Non-filing of income tax return invites penalty

17 February 2016
In today’s busy life, many people may fail to file income tax returns. However, it is imperative that every person who has taxable income above the basic exemption files tax return in time.

This is how you can save tax this year

17 February 2016
With the end of financial year just around the corner, it is time to save certain amount of taxes by investing in prescribed instruments which are eligible for deductions. Chapter VI-A of the Income-tax Act primarily provides for deduction on certain payments and deduction on certain incomes.

Newsflash – Significant Highlights of Draft Recommendations of Income Tax Simplification Committee

28 January 2016
On 27 October, 2015, the Government of India had constituted a 10-member Committee under the Chairmanship of Justice R.V Easwar, former Judge of the Delhi High Court with a view to simplify the provisions of the Income Tax Act, 1961.

Newsflash – Startup Revolution in India

28 January 2016
Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design.

Taxpayers should not worry about the tighter PAN norms

20 January 2016
The income-tax department, recently, changed the regulations that require individuals to quote their permanent account number (PAN) for certain high value transactions. The rules, applicable from 1 January 2016, rationalises the earlier law and benefits taxpayers in many ways.   This write-up includes Dr. Suresh Surana’s views on the same.

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How can we help you?

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