As an experienced tax firm, we help enterprises formulate effective strategies to optimise their
taxes, implement out of box innovative tax planning strategies and effectively manage compliancerelated requirements.
Indian tax legislative and judicial environment is constantly evolving along with globalization,
economic shifts, and operational adjustments. Businesses are faced with a tax regime with greater
complexities and challenges, nonetheless moving towards a globally cohesive tax world. Now, more
than ever, businesses must have an ongoing system for adapting to and staying on top of these
Some of the recent developments in Indian taxation regime include alignment with proposals under
the Base Erosion and Profit Shifting (BEPS) project, introduction of the General Anti-Avoidance Rules
(GAAR), applicability of tax on gains arising out of indirect transfers of Indian assets, re-negotiation
of tax treaties, Income Computation and Disclosure Standards (ICDS), change in tax residency
conditions by introduction of the Place of Effective Management (PoEM) concept, etc. The latest
among all this is signing of Multilateral Convention to Implement Tax Treaty Related Measures to
Prevent Base Erosion and Profit Shifting (MLI).
Additionally, there may be tax impact on Corporates on account of applicability of the new Indian
Accounting Standards (Ind-AS) which are a set of standards converged with International Financial
Reporting Standards (IFRS).
Further, the Indian government has gradually reduced corporate tax rates and will soon phase out
certain deductions including weighted deductions. And lastly, increased focus on the tax
compliances by the foreign companies undertaking business in India. The emphasis is now shifting
towards enforcing compliance and expanding the tax base with e-governance and digitisation
gaining importance. Taxation is also used as a tool to promote investments in identified industry
sectors, thereby spurring overall economic growth. As such, understanding the impact of
developments in tax and regulatory aspects and strategically using them to the benefit of Indian
business activities is becoming increasingly important.
Our experienced tax professionals can assist in resolving various challenges such as keeping abreast
with tax regulations, efficiently manage compliances, address uncertain tax positions, among many
others. They will provide you with an insight into how to best work with the taxman to meet your
business needs and evaluate your company’s tax position to ensure tax compliance, mitigate risks
and undertaking transactions in a tax efficient manner.
Our multi-disciplinary tax teams help you in corporate tax advisory and compliance, and building an
overall tax strategy.