Rohan Dedhia & Associates

the group provides advisory and compliance services with regard to indian income tax law with special focus on corporate tax advisory, cross border taxation and transfer pricing.

our direct tax group focuses on identifying tax planning opportunities, detect tax exposures and implements strategies to optimize tax benefits and mitigate tax risks. Mzs provides support in the following areas to clients:

• direct tax & business advisory
• transfer pricing
• compliance services
• fin 49 reporting & tax risk assessment

TASS develops strategies for Merger & Acquisitions, Divestitures, Joint Ventures, Strategic Alliances, Spin-offs and other aspects of a corporate restructuring exercise. Supporting the strategic advice, our TASS team also provides end-to-end implementation services that ensure seamless execution.

The TASS Group has strong domain expertise in Corporate and Allied Laws which are pivotal to Transaction Advisory. Our team has handled a wide gamut of TASS issues covering:

• Corporate Law
• FEMA/FIPB
• Stamp Duty Implications
• SEBI-related issues

The Indian corporate scene is replete with case studies where enterprises are in the process of acquiring companies in India and overseas, divesting business units that do not harmonize with their growth strategy, raising finance; debt or equity to fuel their growth.

On the other hand, multinationals from all over the world are eyeing India's domestic market and its growth potential to acquire companies or enter into joint venture with worthy Indian partners.

MZS provides rounded support to all such endeavors, backed with its strong understanding of business, fostered through years of experience and sound knowledge of Tax and Regulatory spectrum that are impacted in the process.

India has a complex tax environment marked by a plethora of Indirect Tax Regulations that cover nearly all transactions that deal with goods and services. The complexity is compounded by Central and State level taxes that are not uniform which are in a perpetual state of change.

Our Indirect Tax Group provides vital solutions for optimizing Indirect Costs that dodge business transactions on real time basis. The Group provides key business structuring solutions which are supported with implementation and compliance assistance, resulting in comprehensive business solutions for enterprises.

The Group also provides comprehensive Compliance Services that help Corporates to minimize execution stress levels.

Our Indirect tax team supports clients with the following:

• Advisory Services
• Health Check Services
• Multi-Level VAT Services

The Indian Corporate and Tax Regulations have been increasingly emphasising on self compliance. This translates into special audits which supplement Statutory Audit mandated by the Indian Corporate Law.

In addition to providing the Audit services mandated by Law, MZS's Audit and Assurance Group also provides focused support to stakeholders through Management and Internal Audit, providing value-addition and inputs that improve and strengthen the internal controls of business operations. Our Audit and Assurance Group also provides vital support to overseas corporations to comply with specific Foreign Reporting requirements.

Our support extends to cover:

• Statutory Audit
• Tax Audit / VAT Audit
• Special Audits
• Internal Audit & Management Audit
• Foreign Reporting
• Developing and Standardizing Processes

In an increasingly dynamic business landscape, corporates require support to catalyse business development and growth strategies. MZS provides a range of services that are critical to a business's overall efficiency. Our professionals analyse and advise in the following areas:

• Transformation and Change Management
• Business Strategy (Organic and Inorganic growth)
• Development of Business Plan & Financial Modeling
• Performance Management
• Implementation of tailored solutions

The MZS Direct Tax Team is experienced in handling Pricing issues and guiding Corporates in the development of an effective Transfer Pricing Strategy. MZS frames Global Transfer Pricing Policy for Corporates that encompasses careful planning, understanding of economic analysis and Transfer Pricing regulations of different countries. MZS also offers compliance services such as Transfer Pricing Study and representation before Tax Authorities.

A perpetually evolving legislation, leading to overlapping tax implications constantly challenges Corporates with Tax & Regulatory complexities. Moreover, lack of trained personnel within Corporate Groups and a plethora of compliance obligations under various Tax and Corporate Regulations make it a daunting task to deal with such issues.

MZS offers a robust Retainership Service which provides corporates comprehensive Tax and Regulatory support, combined with Advisory and Compliance support on an ongoing basis.

The MZS International Tax Advisory Service proffers clear insight into Tax issues that Foreign Companies and Corporates face regularly. The Advisory team is equipped to deal with country specific DTAAs in the light of source based taxation system followed by Indian Income Tax.

With landmark success in Tax Appeals against controversial Tax Structures, MZS offers all-inclusive advice backed with compliance services in this area.

MZS was one of the early movers in this domain. The firm formulates Global Corporate Structures that bring in tax efficiency which further fuel growth.

MZS has handled several outbound investment initiatives with countries in the EU, USA, UK, Netherlands, Czech Republic, Switzerland, UAE, Argentina among others.

MZS advises several global companies on In-bound Investments. Right from structuring, to setting up business in India, obtaining approvals, clearances and certificates; MZS offers a complete solution for all Tax and Regulatory issues and compliances.

The MZS Transaction Support Group advises Corporate on structuring and implementation of M & A Strategy. The Team provides end-to-end solutions i.e. developing M & A Strategy, execution, Corporate Finance Advisory, dealing with post merger issues and generally becoming the backbone to a company's M & A initiatives.

Corporate Structuring is increasingly being used by Companies to achieve multiple objectives. The MZS Transaction Advisory & Support group and Tax Teams have the requisite understanding of intricate and overlapping business and tax issues which help them generate innovative and practical structuring options.

MZS provides complete Business Consulting & Strategy Advise which inter alia combines specific needs of the Business coupled with Regulatory insight into key areas such as Supply Chain Strategy & Implementation, Business Audit that focuses on minimizing tax exposure and maximizing tax credits, Business Support for Negotiations and Contracts, optimizing FTA benefits and developing strategy for imports, optimizing Information Systems and others.

Indian Corporate and Tax Regulations increasingly stress on self compliance extending into the specific area of Audits (which supplement the need for Statutory Audit mandated by the Indian Corporate Law).

Apart from providing audit services mandated by Law, the Audit & Assurance Group contributes value-added inputs to Management and Stakeholders through Management and Internal Audit. This translates to improvement of internal controls. The Practice also supports development of Standard Operating Procedures.

The Audit & Assurance Group also assists global companies in complying with their Foreign Reporting requirements.

• The Institute of Chartered Accountants of India has sketched out a road map for convergence of Indian GAAP with IFRS.
• The IFRS mandate will impact financial reporting, management compensation, communication to stakeholders and collateral impact on internal control & procedures, direct and indirect tax.
• The advantages of converging to IFRS are several; global acceptance, improved perception value, international benchmarking and fair value reporting.
• MZS''s IFRS Team prepares corporates for convergence to the said standard by carrying out diagnosis & design, evaluation and mitigation strategy, implementation support and financial reporting package with appropriate training and maintenance services.

Indian Tax Regulations are perceived as being one of the most complex in the world, generating in its sway, considerable tax litigation. A tax dispute on a single issue has the propensity to stretch over many years with parallel litigation involving Tax, Penalty and Stay of Demand.

MZS has a proven track record in handling such litigation with a long term strategy that focuses on reducing tax disputes; culminating in sizable tax savings. The Litigation service covers the following:

• Litigation Minimization Strategy
• Developing Litigation Strategy
• Representation before Tax Authorities
• Creating Litigation Team with engagement of counsels