India

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World Tax Reviews

Tax
Advaita Legal

Partner Sudipta Bhattacharjee leads tax practice at Advaita Legal. It is a boutique law firm set up in 2014. Its practice covers indirect tax, customs and international trade and direct tax litigation. It also takes advantage of administrative and constitutional law principles in tax litigations to deal with tax issues. 

In 2018, the team assisted clients with lots of indirect tax issues. One of cases saw the team helping Keroram Industries in drafting, researching and arguing a tax issue before the High Court. In addition, the team also helped a client dealing with a tax controversy issue before the Delhi High Court in an appeal filed by the revenue. 

In 2018, partner Sujit Ghost left the firm.  

Ashok Dhingra Associates

New firm Ashok Dhingra Associates is comprised of three key professionals. Partner Sonia Gupta and managing partner Ashok Dhingra specialise in customs and trade. Partner Smita Singh focuses on goods and services tax.  

The team recently helped a client of Baker McKenzie with import and regulatory compliance regarding various new technology products in India. 

Ashok Maheshwary & Associates

Accounting firm Ashok Maheshwary & Associates provides various tax practices such as direct and indirect tax, tax dispute resolution and transaction advisory. It mainly focuses on dealing with cross-border transactions and works with both companies and individuals having cross-border issues. Multinationals and foreign nationals make up approximately 95% of its client base. It is a member of the Leading Edge Alliance and TPA Global. 

In 2018, the team helped Great HealthWork by providing customs advice. It also advised on business models on how to structure contract manufacturing operations in India.  

The team has expanded by hiring several professionals. In 2018, Richa Jain, Minakshi Arora, Anurag Taneja, Anupam Krishna and Ashok Dahiya joined the firm. At the same time, manager Ashiish Gupta and Rakesh Jain left. Surabhi Chandra also moved to BMR Legal. 

AZB & Partners

Ajay Bahl is the head of the tax department at AZB & Partners. He focuses on tax advisory, corporate advisory and M&A for both domestic and international clients. Deepak Chopra leads tax litigation team. He has more than 29 years of experience in tax advisory and litigation areas. The team provides practices including advisory, tax litigation, corporation tax planning and international tax. In addition, it works with other teams such as IP and competition law in order to ensure a holistic approach to the tax practice. 

The team helped a client in relation to a transactional tax issue. This matter included lots of negotiations with the counter parties to agree on the tax position on the proposed structure of the deal. 

Client feedback 

“Well versed with the business understanding. We feel fees commensurate with level of services and engaging AZB is value for money.” 

BK Khare & Co

Padmini Khare Kaicker leads tax practice at BK Khare & Co. She is supported by six partners. Her practice covers various tax services such as tax advisory, litigation and GST implementation. The team is comprised of more than 150 professionals. It provides services including tax advisory, tax litigation and representation, and M&A advisory. It is also active in various industries such as real estate, insurance and oil and gas. 

The team handled several general corporate tax and tax controversy issues recently. One example saw the team successfully represented a client before the appellate authorities in relation to the taxability of a refund of Octroi (entry tax). 

In 2018, Rachna Gurnani and Prachi Chewle joined the firm as a senior manager. The firm also hired Chetan Daga as a director. 

BMR Legal Advocates

Mukesh Butani is the founder and the managing partner at BMR Legal. He specialises in corporate international tax and transfer pricing issues. He advises Fortune 500 multinationals and large Indian business houses regarding cross-border tax structuring, controversy and regulatory policy issues. Another key professional is Shreyash Shah. Its practice covers policy, disputes and transaction advisory. It has a strong capability in energy, financial services, private equity, and real estate matters. 

In the last year, the team successfully represented several Indian and multinational clients on tax disputes matters in tribunals, the High Court and the Supreme Court in relation to complex domestic tax and treaty issues. 

Deloitte

Deloitte has opened three new offices in Delhi, Bangalore and Vijaywada recently. Its practice covers indirect tax, M&A, international tax and business taxation. Currently, the team is focused on industries schools, business simulations and community of practice activities to drive client growth. 

The team is helping a client by providing advisory services from an Indian tax perspective during the initial stages of the planning and conceptualisation of a model. It is also reviewing the draft agreements from a tax review during the implementation of a model. 

In the last year, the firm promoted more than 400 tax professionals and six directors assumed the role of partners. Besides, the firm has also expanded by hiring four senior professionals from other firms. 

Dhruva Advisors

Dhruva Advisors was founded in Mumbai, Bengaluru and Ahmedabad. It is comprised of 25 partners and more than 340 practitioners. It provides a large tax practice in areas such as domestic and cross-border taxation, M&A and indirect tax. It has now set up several offices in various places including Delhi, Singapore and New York. Its clients include groups in areas such as energy and resources, education and the financial services sector. 

Two practitioners left the firm in 2018. In addition, the firm also hired 12 practitioners including three partners and nine principals in order to strengthen its tax practice. 

DMD Advocates

The team at DMD Advocates has a strong capability in tax litigation. Key practitioners include Anuradha Dutt, Fereshte Sethna, Tushar Jarwal and Sachit Jolly. It also provides services such as domestic and international taxation, GST, VAT and customs duties. 

The team handled several tax litigation matters in the last year. One example saw it successfully representing Max India Life Insurance before the Delhi High Court in a service tax litigation involving the demand of $4 million. 

Client feedback 

“Overall was a good experience working with Sachit, the partner who we were working with.” 

Economic Laws Practice

Key professionals at Economic Laws Practiceinclude Rohit Jain, Nishant Shah, Harsh Shah and Naresh Thacker. Its practice covers both indirect and direct taxes involving the entire spectrum of transactional, advisory and litigation work. It provides litigation assistance and represents clients in both adjudication and appellate proceedings. It also represents clients in various forums including the Dispute Resolution Panel, the Authority for Advance Rulings and the Supreme Court of India. 

The team handled lots of indirect tax issues in the last year. One example saw the team helping a client by drafting detailed representations, providing comprehensive legal, technical and intellectual inputs and representing the clients at meetings with the authorities. 

Partner Anay Banhatti and Ranjeet Mahtani left the firm in recent years. 

EY

Partner Sudhir Kapadia is the head of tax department at EY. Other key professionals include Sameer Gupta, Uday Pimprikar, Jayesh Sanghvi and Garima Pande. It has a strong capability in tax litigation advisory. The team has formed Tax Technology and Transformation (TTT) to improve its tax services performance. It assists clients across industries, governments and industry associations on various regulatory and tax policy issues. 

The team is helping a client regarding a robotics process automation solution for GST input credits on airline travel. It provided insights that enable clients to identify and claim missing credits. 

Grant Thornton India

Grant Thornton provides services covering indirect tax, transactional tax and global mobility services. Akhil Chandana and Ajay Arora lead global mobility services. The firm has approximately 175 indirect tax professionals that specialise in compliance, advisory and tax litigation services. Partner Ravi Mehta and Sridhar R lead transactional tax practice. It focuses on deal tax advisory and corporate restructuring.  

In 2019, the team helped a client on GST compliance and advisory. In this case, it assisted the client in strategising its pricing policy during the GST implementation stage. It also represented them in conducting an anti-profiteering study. 

Executive director Suvira Agarwal and associate director Sidharth Dhir left the firm in 2018. 

JMP Advisors

Jairaj Purandare leads tax practice at JMP Advisors. He has more than 30 years of experience in tax and business advisory. He is also an authority on tax and regulation in India. Rajesh Athavale is another key practitioner at firm. He focuses on tax litigation, corporate tax and international tax. The team provides various tax practices such as M&A, GST and high-net-worth family services. In 2019, the team won several large clients such as one of the largest automobile companies and a leading global reinsurer. 

In 2018, the team dealt with several regular advisory and compliance practices. It also helped some clients in tax structuring and due diligence in relation to certain acquisitions. 

Kevin Sanghvi joined the firm as an assistant manager. Assistant manager Payal shah moved to Dubai. 

Khaitan & Co

Khaitan & Co provides services including both direct tax and indirect tax. The team is comprised of lawyers and accountants that provide business-oriented, actionable advice for clients. It offers such practices as deal structuring, transaction documentation and tax negotiations in M&A. Its client base covers large Indian business houses and high-net-worth individuals, insurers, PE houses and funds. In addition, it also works closely with international law firms across various jurisdictions, helping professionals provide a global understanding of complicated tax matters involved in inbound and outbound structuring issues. 

The team helped Apax Partners on the various tax aspects involved in the acquisition of shares in the Indian target company. It also assisted Lupin in drafting the appeal and causing an appearance before the first appellate authority.  

Ayush Mehrotra joined the firm as a partner. Partner Nihal Kothari and executive director Daksha Baxi left the firm in 2018. 

Client feedback 

“Excellent quality, tremendous detailing, swift turnaround time and reasonable fees.” 

Majmudar & Partners

Manging partner Akil Hirani leads the tax practice at firm. Other key practitioners include Ravi Raghavan and Rukshad Davar. It has established a representative office in New York to serve its US Clients. It covers various tax practices such as cross-border tax structuring and tax planning, litigation and indirect tax advice. 

The team is helping the Bose Corporation on a transactional tax issue. In this matter, it assisted the client on capital gains tax, GST, PE and Dutch/Bermuda tax treaty queries. It also advised on minimising the tax impact of the restructuring exercise. 

Nangia Andersen

The team at Nangia Advisors is led by 13 partners and has more than 375 professionals. It offers a wide range of taxation, tax litigation, transaction advisory and business consulting services. It has strong expertise in the oil and gas industry in India. In 2018, the team had announced a strategic collaboration agreement with Andersen Global. It also opened three new offices in Gurugram, Bangalore and Pune to expand its business.  

The team represented a client before the tax authorities for applying and obtaining a lower withhold tax order. In addition, it also helped a client on assessing PE risk on the present business model. 

It hired six directors to expand its tax business. Meenu Wadhawan, who focuses on international tax and transfer pricing, joined the firm as an associate director in 2018. Vishwas Panjiar joined the firm as a designated partner in 2019.  

PSL Advocates & Solicitors

Sameer Jain, the founder and managing partner of PSL Advocates and Solicitors, focuses on indirect tax. The team’s practice also covers customs and tax controversy issues. Its sector strength covers various areas such as media and entertainment, real estate and roads and infrastructure. 

One case saw Sandeep Bajaj successfully represent a municipal corporation before the High Court of Delhi in significant matters. 

Shah VG & Co

Partner Vandana Shah leads tax practice at Shah VG & Co. She has more than 13 years of experience in cross-border taxation, FEMA and allied matters. The team is supported by three other practitioners. It provides various specialised services such as expatriate tax, exchange control regulations, FATCA and CRS. In addition, it advises clients on foreign tax issues. Its services cover such sectors as technology, renewable energy, pharmaceuticals and manufacturing. 

In 2019, the team helped a client regarding cross-border structuring and PE advisory. It provided advice on income tax and other regulatory considerations in India. It also considered this matter from other tax perspectives, such as FEMA and GST. 

SKP Business Consulting

The SKP Group provides services such as M&A, indirect tax and a high-net-worth individual practice. In 2018, the firm has established a knowledge, solutions and markets function that focuses on knowledge management, esoteric research, preparing position papers and building tax products. It acquired professional services organisation MNA & Co to expand its business in North India. It also opened a new office in Chicago for its tax business. 

The team helped a client dealing with both international tax and general corporate tax issues in terms of business structuring for business operations in India and USA. 

The firm has expanded by hiring two partners, one senior manager and six managers. Three senior team members were promoted to associate directors. Mayur Shah, Chetan Daga and Priyanka Naik left the firm in 2018. 

Client feedback 

“Professional and responsive.” 

Trilegal

Himanshu Sinha is the head of the tax department at Trilegal. Another key practitioner is Samsuddha Majumder. The team includes lawyers who have experience working in the Big Four and chartered accountants who have international qualifications and experience. Its practice covers both indirect and direct tax. 

The team advised Naspers on the tax implications of a proposed transaction. It also provided advice on other areas such as documentation, necessary tax condition precedents and representations. 

Senior associate Ayush Tandon and Amit Pathak left the firm. Komal Dani, Manan Jain, Bhuwan Dhoopar, Pranav Bansal and Yash Varmani joined the firm.