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RSM World Blog

Mr. Narendra Modi and India's economic outlook


05 January 2015

According to recent research by Reuters, ‘India's economy will likely grow at its fastest pace in two years in the current fiscal year, as Prime Minister Narendra Modi implements reforms to attract investment’. Now, nearly 200 days into Mr. Modi’s tenure as Prime Minister, we asked Dr Suresh Surana, Founder of India member firm RSM Astute Consulting, for his perspective on India’s economic outlook.
 

Connect to RSM. Connect with success

Welcome to RSM Betty & Dickson, an association of South African firms of Chartered Accountants and Management Consultants. We provide a wide range of auditing, tax, advisory and fiduciary services to the private and public sector and to individuals. Our 4 offices are united through a strong entrepreneurial spirit and a unique client-centered approach and as part of the global network of RSM, we have more than 32,500 people in over 100 countries on hand to serve your needs.

Wherever in the world your business is going, you need constant access to rapid, relevant answers and a fast-moving team on your side. RSM is one of the world’s leading audit, tax and advisory networks of independently owned and managed professional services firms.

With global reach and local perspective, RSM member firms deliver innovative solutions, helping you see further, adapt faster and grow stronger.

Get in touch to discover how we can help you get connected for success.

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In the world of the ever-changing International Financial Reporting Standards (IFRS), most of us find it difficult to keep up to date with the new standards, interpretations or amendments to current standards. It doesn’t take long before everything you know has changed or no longer applies.

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The purpose of the new tax free investment products is to encourage individuals to increase their household savings.
Any amount (interest or dividends) received or accrued to a natural person from a qualifying tax free investment, will be exempt from normal tax and dividends tax. In addition, should you ever decide to dispose of your tax free investment, any realised capital gains or losses will be disregarded for tax purposes.

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Please note that the deadline for the use of Secondary Tax on Companies (STC) credits is fast approaching. Companies with STC credits should consider the payment of dividends before the deadline, 1 April 2015, in order to utilise the STC credits and reduce the liability for dividends tax.

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The Evolution of Tax

- The tax trends over the last 50 years
- The future evolution of the tax landscape
- Opinions of over 50 RSM tax leaders

RSM Reporting October 2014

  • Sir Winfried Bischoff
  • Our experts in... Sweden
  • Joelle Moughanni
  • RSM in the industry
  •  
    Border Crossing December 2014
    -Hong Kong: Recent developments: Exchange of Information
    -Europe: MOSS: The last stop before changes take effect
    -Mexico: Deduction for expenses apportioned from non-Mexican companies
    -Hungary: New EKAER reporting obligations

    B-BBEE Codes Update


  • Changes in status threshold


  • Changes in elements
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    RSM Betty & Dickson is a member of the RSM network. Each member of the RSM network is an independent accounting and advisory firm each of which practices in its own right. The RSM network is not itself a separate legal entity of any description in any jurisdiction. The RSM network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 11 Old Jewry, London EC2R 8DU. The brand and trademark RSM and other intellectual property rights used by members of the network are owned by RSM International Association, an association governed by article 60 et seq of the Civil Code of Switzerland whose seat is in Zug. © RSM International Association, 2013