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.

Why this POEM spooks corporate India

20 January 2016
The Finance Act, 2015, amended the provisions of the provisions of income tax act relating to determination of residence of a company. According to the amended provisions, a company would be said to be resident in India in any previous year, if it is an Indian company, or its Place of Effective Management (POEM) in that year is in India.

‘Myths and misunderstandings – Wrong perceptions regarding gift tax on residential properties.’

18 January 2016
There is a myth that there is no Gift Tax in India. Although there is no separate Gift Tax Act prevailing in India, the receiver of the gift may be subject to tax on the amount of the gift received under the Income Tax Act, 1961. However, there are certain exemptions by which the receiver shall be exempt from the applicable tax without any upper limit.

Why compiling tax-saving investment proofs is important’

18 January 2016
Employees are asked to submit the investment proofs towards the end of the financial year by the employers to verify and calculate the actual income tax liability. Submission of timely accurate details of investment to the employer makes sure that no heavy TDS is made in the later part of the financial year

Are you an HNI? here are 5 ways to save your tax

8 January 2016
In taxation parlance, pursuant to the recent Finance Act 2015 which has been legislated, 2 per cent additional surcharge has been proposed on individuals having a taxable income of Rs 1 crore (Rs 10 million) and above. Therefore, the individuals falling under this category of tax payers, can be perceived as the high net worth investors, or HNIs, class.

Newsflash - Draft Guiding Principles for Determination of 'Place of Effective Management' of a Company

30 December 2015
Draft guiding principles for determination of place of effective management of a company; place of effective management, foreign company will be treated as resident in India if its place of effective management; Location of Head Office; Use of modern technology in conducting meeting.

No Form 5CA and Form 15CB required in case of payment for import - CBDT Notification dated 16th December 2015

23 December 2015
Currently, a person making foreign remittance has to obtain a certificate from a Chartered Accountant in Form 15CB and electronically furnish an undertaking in a Form 15CA.

India - US Cross Border Business - A Guide to Indian Tax & Regulatory Aspects

23 November 2015
India is considered to be the fastest growing economy in the world, with an estimated growth rate of 7.3% for the current financial year 2015-16 inspite of uncertain global outlook.

Newsflash - Certain amendments in MVAT Act, 2002

17 November 2015
Maharashtra VAT Department has issued the Notification No VAT. 1515/ CR-81/Taxation-1 dated 5 November 2015 for increase in Interest Rate for delay of VAT payment with effect from 1 December 2015. Further, Maharashtra VAT Department has issued Trade Circular No.

Transfer pricing - CBDT notifies rules for range & multiple year data; sets range at 35th-65th percentile

10 November 2015
Analysis of Final Rules issued by CBDT on ‘Range Concept’ & ‘Multiple year data’

UK - OECD delivers game changing tax measures

4 November 2015
UK - OECD delivers game changing tax measures

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