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THE WORLD, CONNECTED BY WORK

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Start with a country and move into the business issues, expertise and people around it.

MARKET ENTRY

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18 AREAS OF EXPERTISE

The professional work a cross-border business actually needs.

Each area of expertise connects to the markets, business situations and professionals around it.

AREA OF EXPERTISE

See how this area of expertise changes by market.

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INDUSTRY CONTEXT

Cross-border work changes with the economics of the industry.

Ten broad industry groups open into one hundred detailed business activities and markets.

SECTOR DETAIL

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BETWEEN MARKETS

Business corridors are where cross-border work becomes real.

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CORRIDOR VIEW

Two markets. One connected business objective.

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PEOPLE AROUND THE OBJECTIVE

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PEOPLE

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KNOW · FIND · SOLVE

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Market signals, practical context, client work and conversations around live cross-border decisions.

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WONE / MARKET × EXPERTISE
IN.

Accounting, Reporting & Statutory Compliance
in India

How Accounting, Reporting & Statutory Compliance changes in India, using verified Market 360 evidence and local professional execution.

WHAT CHANGES IN THIS JURISDICTION

Sourced regulatory facts and WONE business implications.

Cross-border decisions cannot rely on generic templates. Statutory and tax rules must be verified locally.

SOURCE FACT · Central Board of Direct Taxes (CBDT) / CBIC (Active 2026)

Corporate income tax rate is 22% (base rate plus surcharge/cess effective ~25.17%) under Section 115BAA for companies foregoing specified exemptions. Goods and Services Tax (GST) operates under a dual federal structure with standard rates of 5% and 18%, alongside a 40% demerit rate on luxury and sin goods (the former 12% and 28% slabs having been rationalized). The 2% equalisation levy on cross-border e-commerce supply has been formally withdrawn, with digital transactions governed strictly under Significant Economic Presence (SEP) and transfer pricing regulations.

WONE BUSINESS IMPLICATION

Cross-border intercompany fees, management charges, and software royalties face rigorous transfer pricing audits and mandatory withholding tax (TDS).

WHAT LEADERSHIP NEEDS TO DECIDE

Key decision points for Accounting, Reporting & Statutory Compliance in India.

01

Should the company elect the concessional Section 115BAA tax regime?

Must be confirmed with verified local counsel before commercial execution.

02

Is an Advance Pricing Agreement (APA) warranted for high-volume cross-border intercompany transactions?

Must be confirmed with verified local counsel before commercial execution.

THE WORK IN THIS MARKET

See how this expertise may need to be handled in India.

The exact scope depends on the facts, but these are some of the first issues to consider.

01

Establish local accounting requirements

Clarify scope, responsibilities, timing and dependencies in India.

02

Set reporting and close processes

Clarify scope, responsibilities, timing and dependencies in India.

03

Manage statutory filings and records

Clarify scope, responsibilities, timing and dependencies in India.

04

Align local reporting with group requirements

Clarify scope, responsibilities, timing and dependencies in India.

WHO CAN CARRY RESPONSIBILITY

Verified professionals for Accounting, Reporting & Statutory Compliance in India.

Appointed partners and accredited practices carrying direct execution responsibility in this jurisdiction.

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What to understand before you act.

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