Financial Services

Tax can make or break your strategy

India growth story is back on track and so is the growth in the Indian financial services sector. With the industry doyens exuding optimism, different segments of the financial services sector, be it banking or capital markets or insurance or asset management, are all set to grow. While the government, industry leaders and the regulators are continuously working on building sustainable banking and para banking systems, due to continuing global disturbances the sector is likely yo remain focused inwards. Foreign institutional investors in the primary secondary markets are back in business. Large players are keenly looking at investing and setting up business presence in India. As all the segments in financial service industry are highly regulated and Indian tax systems is very complex, it is extremely important for any existing and potential player to understand nuances of the Indian regulatory and tax regime. The fallout of ignoring tax and regulations cannot be understated. A well planned tax structure can keep the tax and compliance cost at the minimum. Equally important is to structure businesses in compliance with regulatory requirements, investment rules, licensing requirements etc.

Direct Tax & Regulatory Services

We provide comprehensive yet practical advice on direct tax matters and help you implement it in a cost effective manner. The perils of ignoring tax and regulations cannot be understated. A poorly planned tax structure, on one hand, can affect your cash flow and returns, drain your profitability and even bring the taxman to your doorstep, leading to diversion of valuable resources towards litigation. On the other hand, a well planned tax structure can keep the tax and compliance cost at the minimum.

Equally important is to structure your businesses in compliance with regulatory requirements, addressing regulatory ambiguities, maintaining relationships with regulators and dealing with upcoming regulations, investment rules, licensing requirements etc.

For more information on how we can advise you on direct tax matters click here

Indirect Tax & Regulatory Services 

For financial service companies, indirect taxes are among the largest costs after staff, IT and premises. They represent a major burden for all players in the financial market. With growth in the international financial services industry, there has been a marked increase in the number of indirect tax cases coming before the judiciary. This has led to a sharp acceleration in the rate of change for indirect taxes for the financial services sector.

For more information on how we can advise you on indirect tax matters click here