Explore comprehensive international taxation services including Australian, US, and Singapore tax compliances. Contact us for tailored tax planning and filing services. Maximize your global tax efficiency now!
CONTACT US
Our International Consultants- Zimsen Partners
We are proactively identifying services firm in Australia who share our values, are focused in Small to Medium Enterprise Segment and have an in depth understanding of the business culture and business requirements in Australia. We then enter into a memorandum of understanding where following services are provided.
We currently have following associate offices:
Tax return preparation and other compliance services are an essential part of the US tax practice. Our teams of tax advisors include qualified CPAs, CAs and other trained professionals who have a special expertise in dealing with the peculiar tax situations of U.S. citizens living in India and the Indian citizens who work in U.S.
Our firm provides personalized and comprehensive tax planning, compliance and consulting solutions to help you meet your goals.
We offer the following Services:
For Non-Corporate
Non Resident Indian(NRI)/US Citizen in India
For Corporate
As per The Singapore companies Act, Companies must file its Annual Return within 1 month after the AGM else penalty will be levied. In order to avoid such penalty it is advisable to consult tax experts to guide you through the process of filing your corporate tax return.
Our Services Include:
Human Capital is recognized to be the most important asset of any business and our team of professionals is dedicated to providing comprehensive tax solutions to our Clients. Our services include:
GST compliance:
GST is an indirect tax, similar to VAT. If you are a GST registered person, you are required to submit to the Comptroller of Income Tax, a Form GST F5 (GST Return), every monthly or quarterly. You must submit the completed Form GST F5 not later than one month after the end of the prescribed accounting period to which the return relates
Withholding tax services:
Singapore has implemented a withholding tax law (on certain types of income) to ensure the collection of tax payable to non-residents on income generated in Singapore. The tax withholding does not apply to Singapore resident companies or individuals. Under the law, when a payment of a specified nature is made to a non-resident company or individual, a percentage of the payment has to be withheld and paid to Income Tax Authorities. The amount withheld is called the withholding tax.
Importance of Filing Tax Returns An NRI is usually taxed at source on a transaction he enters into during the year. But in actual, the tax liability for the year is computed in accordance with the provisions of the act and that amount is generally lower than the tax already paid. So effectively by not filing the tax return, the NRI assessee loses out on the differential amount.
We at B.C. Shetty & Co, offer a complete one stop solution to all Capital Gains related queries.
Pre-Sale Procedures
Post-Sale Procedures
Individuals and Corporates often find it challenging to comply with various provisions with the given stipulated time. We at B.C. Shetty & Co, provide a complete solution for all challenges.
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Admin | Jan 24, 2025
International taxation refers to the rules and treaties that determine how income, profits, and assets are taxed when they cross borders — whether you are an individual living abroad, an Indian company operating overseas, or a foreign business earning revenue in India.
Who does it apply to?
Why it matters: Cross-border tax laws are complex, often overlap, and change frequently. Without professional guidance, you risk double taxation, missed treaty benefits, non-compliance penalties, and regulatory scrutiny across multiple jurisdictions. Expert advice ensures you stay compliant while minimising your global tax burden legally.
With over 40 years of practice and a trusted client base across India and abroad, BC Shetty & Co is a Bangalore-based chartered accountancy firm with deep expertise in cross-border tax advisory. We work with NRIs, Indian multinationals, and foreign companies to simplify international tax compliance and maximise legitimate tax efficiency.
What we do for you
Clients we serve
Transfer pricing is the process of determining the price at which goods, services, funds, or intellectual property are exchanged between related companies across different countries — for example, between an Indian parent company and its foreign subsidiary. Under the Income Tax Act, 2025 and the Income Tax Rules, 2026, these transactions must be conducted at Arm's Length Price (ALP) — that is, at the price that two unrelated parties would agree upon in an open market.
Why it matters: Tax authorities in both countries scrutinise related-party transactions intensely. If pricing is seen as inflated or deflated to shift profits to a lower-tax jurisdiction, it can trigger transfer pricing adjustments — sometimes running into crores — along with interest and steep penalties.
Penalties for non-compliance:
What BC Shetty & Co does:
Who needs transfer pricing services? Any company with a foreign parent, overseas subsidiary, joint venture partner, or associated enterprise that transacts across borders — whether in goods, services, financing, or IP licensing — is required to comply with India's transfer pricing regulations.
US companies operating in India — whether through a subsidiary, liaison office, project office, or as a direct earner of India-sourced income — face a specific set of cross-border tax challenges. BC Shetty & Co provides specialist support in the following areas:
Outward Remittances from India to the US
When an Indian entity remits funds to a US parent or associate — as dividends, royalties, fees for technical services, interest, or management charges — it must:
BC Shetty & Co assists with end-to-end outward remittance compliance — from determining the correct TDS rate and treaty applicability to issuing 146 certificates and advising on FEMA reporting.
Inward Remittances into India from the US
When a US company invests in or lends to its Indian entity, the inward flow must be properly structured and reported:
The Foreign Exchange Management Act (FEMA) governs how money, assets, and investments move in and out of India. Whether you're an NRI repatriating funds, a foreign company investing in India, or an Indian business expanding abroad — FEMA compliance is mandatory and non-negotiable.
Common FEMA scenarios our clients face
Consequences of FEMA non-compliance
FEMA violations are taken seriously by the RBI and the Enforcement Directorate (ED). Non-compliance can result in:
What BC Shetty & Co handles
Customer Care - Dedicated point of contact with quick response
Accuracy-3 Layered Quality Review and external Peer review
Expertise Chartered Accountants with years of experience
Regular Updates - Newsletters with latest updates
Dedicated Client Portal
Weekly Status Updates
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