Taxation

India has a well structured tax system wherein 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 Taxation and Indirect Taxation. Some of the major taxes levied by the Central Government are as classified below:

• Direct taxation
  • Income Tax
  • Wealth Tax
• Indirect Taxation
  • Customs Duties
  • Central Excise
  • Service Tax

Recently, 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 Goods and Services Tax (GST) which would be a comprehensive tax on the supply of goods and services.

RSM Astute is a leading service provider in matters of direct and indirect taxation covering the whole gamut of Indian Taxation, International Taxation, Transfer Pricing Regulations, Service Tax Regulations, Value Added Tax Regulations, Central Excise Regulations, GST transition etc. RSM Astute also provides specialized services in areas of setting up of business in India, corporate business structuring, transaction advisory etc.

Broadly the service areas in Taxation are as under:

• Direct Taxation
• Indirect Taxation
• Transfer Pricing

What We Do

• 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 setting up of business in India or investments in India and vice versa.
• 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 in compliance of Goods and Services Tax (GST) Transition.

Advantage RSM Astute

• RSM Astute Consulting Group (along with its affiliates) consistently ranks amongst India's top 6 accounting and consulting groups (International Accounting Bulletin – September 2010 and September 2011).
• Extensive experience in advisory, taxation and accounting matters across various industries and service verticals.
• Multi-disciplinary team of professionals comprising of Chartered Accountants, MBAs, Engineers, Company Secretaries, CISA / DISA, Cost Accountants and Law graduates.