The changes in the tax and regulatory environment constantly challenge large and growing businesses, particularly those operating internationally. How your business meets this challenge can have a significant impact on your bottom-line. Business growth, brings along complex tax challenges including Direct tax and Value-added tax (VAT) considerations. For this, you need expert and practical advice from professionals having not only local expertise but also a global outlook.
We, at BSC, consider tax strategy as an integral part of the overall business strategy and focus on ensuring that the tax function supports the larger approach to business. We offer a full suite of services to multinationals, domestic corporations and individuals in designing, implementing and defending their overall tax strategy. Our expertise includes tax reform, taxable income optimization, and leveraging tax credits to maximize benefitsWe offer strategic tax solutions for all aspects of business activities including:
Tax planning presents opportunities as well as challenges and complexities.
While business considerations primarily drive overseas investment decisions, tax and regulatory aspects also play an important role in the decision-making process. Optimizing overall tax burden and aligning tax functions to the business strategy has become more crucial than ever for businesses.
Our approach is to first understand the business rationale behind an investment decision and provide solutions that are tailored to the needs of the business, sector and time sensitive requirements. We provide customized cross border tax services under the following broad categories:
Our dedicated advisors provide accounting expertise and prepare returns of all types of non- corporate assessee’s including individuals, HUF, partnership firms, Limited Liability Partnership (‘LLP’), Charitable trusts, Artificial Judicial Persons (‘AOP’) and Body of Individuals (BOI’) to ensure tax compliance and keep your day to day running smoothly. We at BSC offers full suite of services to our non- corporate assessee’s in designing, implementing and defending their overall tax strategy.
Our team provides all kind of tax related assistance in India as well as to non- residents. We are familiar and holds expertise in the niche fields of tax litigations, tax planning, advisory and tax compliance.
We offer a comprehensive range of services and deliver integrated compliance and consulting services:
We help Businesses to set up in India in the most tax- efficient way by evaluating the nature and size of the business of the client and closely monitoring the same with the tax laws applicable to it.
Our team assists its non- corporates in filing their return of income which adheres to the extant income tax provisions. Our holistic approach, allows the client to gain the trust over us in mitigating their tax and compliances related risks.
Our expert team helps our clients in mitigating the PE presence in India. For cases where, PE is constituted in India, we provide wholesome services including tax advisory and related compliances.
We help businesses to evaluate the need of conversion into a corporate entity by evaluating the cost- benefit analysis and the taxation consequences.
Our in- depth knowledge of the tax laws, judicial precedents and recognition before the income tax authorities, enable us to resolve tax disputes in the most efficient and smooth manner.
Before advising on any assignment, we deeply analyse the nature and terms of transaction and business need of our clients.
We help our clients in developing most tax efficient structures from all the corners of law and taxation.
Our team is well versed with smoothly obtaining registrations of charitable trusts including analysis of activities to be considered as ‘charitable activities’.
We help our clients in all the TDS- TCS related compliances which includes: Quartely filing of TDS returns, Evaluating the appropriate section of the Act in which TDS is to be deducted, Advisory on TDS on foreign remittances, TDS related litigations and likewise.
Our team assists businesses in expanding their businesses and evaluate the inbound and outbound structuring models. Along with being well versed with the Indian Taxation structures, our team is also capable of evaluating offshore taxation in order to advise our client the most tax efficient structuring model.
Facing an audit by the Income-tax Authority means dealing with income tax personnel’s who are specifically trained and are experienced to point out errors and omissions in the income tax returns filed by any person. They have the rights and expertise to dig deep into one’s past returns, financial accounts and business records. Sometimes accusations made by the Income Tax officers can leave one vulnerable for substantial assessments. While the authorities may see red flags with items such as passive activity loss, income not being reported or excessive business expenses, it is important to defend one’s position with valid arguments by way of representation.
To ensure a comprehensive approach to tax disputes, our tax litigators routinely collaborate with clients’ accountants, in-house counsel, and financial advisors. All of our tax litigators possess both a substantive knowledge of tax law and a detailed understanding of the procedural issues involved in contested tax matters.
We, at BSC, having more than 34 years of expertise in assisting clients for carrying out assessment and reassessment cases provide the following services with respect to the subject matter:
Search and survey operations are conducted by the Income Tax Department, also called as raids, when they suspect an individual or business to have hoarded illegal money.
Search and Seizure is one of the crucial weapons that the Income-tax department possesses to check black money. It is a measure that is known to be constitutionally valid too. A raid gets triggered under any of the circumstances, which includes credible information of tax evasion, information calling from government departments, any information procured from assessment records of taxpayers, illegal investment in real estate, unexplained cash credits, share transactions etc.,
Search and Survey can be one of the most challenging times for any organization. These are times when its critical to have credible advisers you can trust. We have a highly experienced team of tax professionals to deal with a tax legislation for search and survey work. Preparation of submission by decoding the seized material and representation before Investigation wing officer for explaining the material found during the search or survey proceeding plays an important part.
We, at BSC provides following services:
The logistics scenario in the country has changed drastically, over the years. There have been several key indicators to the future trend in the Indian Logistics sector. The demand for logistics services has been largely driven by the remarkable growth of the Indian Economy.
We provide insights on business and operational strategies so that you can adapt to today’s digital revolution. BSC has created a unique niche with focus on all important segments in this industry.
We aim to provide you with a tailored service of the highest standard. We are focused on our objective of building trusted relationships and delivering quality output through exceptional project teams that can support you.
The hospitality industry in India is considered a ‘sunrise industry’ which means it has a huge scope in the near future. It is considered as one of the most profitable industries which also accounts for over 8.78 per cent of the total workforce, creating almost 15 million jobs in the past five years. The sector attracts a major chunk of foreign direct investment inflow along with the most important means of foreign exchange for the country. In India, the hospitality industry is categorized broadly into:
India, known for its ancient tradition of Atithi Devo Bhava or ‘guest is god’ has been hosting foreigners for ages. From Kashmir to Kanyakumari and from Guhar Moti to Kibithu, the country offers an immense opportunity to the hospitality industry. From beautiful snow-capped mountains to desserts, from plateaus to ocean beaches, the hospitality industry in India is indeed an enriched one.
BSC provides a wide range of services to the professionals in assistance in legal documentation and business agreements for various commercial and legal transactions, internal & Management Audits, information System Audits and others.
How should banks’ operating models evolve? Where are the greatest opportunities for growth? What is the most effective way to raise and manage capital? These are some of the questions banks are wrestling with as they seek to comply with new regulations while meeting the expectations of customers and shareholders for service, transparency and return-on-investment.
Banking, Financial Services and Insurance (BFSI) is set to grow exponentially in India due to the rising per capita income, introduction of new products, innovation in technology, expanding distribution, networking and increasing customer awareness of financial products.
Information technology in India is an industry consisting of two major components: IT services and business process outsourcing (BPO). The sector has increased its contribution to India’s GDP from 1.2% in 1998 to 7.5% in 2012.
The industry includes grocery, trade, logistics and the supplier industry. Digitalization provides great opportunities, but also challenges, for the industry. E-commerce, customer journeys, product information, transport and logistics are all important areas that are affected by digital solutions. To succeed, companies must be able to adapt the ever-changing consumer behavior. To do this, the industry needs great leaders. It accounts for over 10% of the country’s gross domestic product (GDP) and around 8% of the employment. India is the world’s fifth-largest global destination in the retail space. India ranked 73 in the United Nations Conference on Trade and Development’s Business-to-Consumer (B2C) E-commerce Index 2019.
India is fast emerging as a global manufacturing hub. India has all the requisite skills in product, process and capital engineering on account of its long manufacturing history and continuous upgradation of its higher education system.
The pharmaceutical industry in India is the world’s third-largest in terms of volume. The Indian pharmaceutical market is likely to grow at a compound annual growth rate (CAGR) of 14% -17%. Healthcare has become one of India’s largest sectors – both in terms of revenue and employment. The Indian healthcare industry is growing at a tremendous pace due to its strengthening coverage, services and increasing expenditure by public as well private players.
The Indian real estate sector plays a significant role in the country’s economy, which is second only to agriculture in terms of employment generation and contributes heavily towards the gross domestic product (GDP).