US Tax

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Our dedicated team of US tax specialists advises clients on US tax issues and also helps file US tax returns from India.

At Grant Thornton Bharat, our dedicated team provides comprehensive US tax services, including advisory, corporate tax return filing, and individual tax return assistance for US citizens, tax residents, and non-residents, helping navigate complex US tax requirements from India.

Webinar recording

Navigating the One Big Beautiful Bill Act (OBBBA) - A strategic industry perspective with IACC

On 4th July 2025, sweeping U.S. tax reforms were enacted under the One Big Beautiful Bill Act (OBBBA), introducing significant changes for taxpayers across the board. In response, Grant Thornton Bharat, in collaboration with the Indo-American Chamber of Commerce (IACC), hosted an insightful webinar to unpack the implications of these reforms. The session analyses key provisions, including permanent income tax brackets, increased Child Tax Credit, a new personal exemption for senior citizens and expanded estate and gift tax reliefs.
The webinar concluded with a discussion on the new excise tax on outbound remittances and the importance of implementing the reforms promptly while ensuring compliance under the updated framework.

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Legislation to law: Highlights of One, Big, Beautiful Bill

The Bill introduces major tax breaks for individuals and businesses — ushering in a new era of fiscal policy and planning.

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Our US Tax services cover the following areas.

US Inbound Services

If you are looking to set up a business in the US, we can guide you in the selection of the right type of business (C-Corp, LLC, etc) as well help you in incorporating the company and obtaining all the necessary tax and regulatory registrations. As a part of our US Inbound services, we offer the following assistance:

Incorporation Services

EIN/SSN/ITIN assistance

State Tax Registrations

Sales and Use Tax Registrations

Secretary of State Registrations for doing business.

US Transaction Tax Services

Are you considering acquiring a US target? In this case, it is very essential to conduct a detailed tax due diligence to ensure that there are no surprises later on. It is also very critical to structure the acquisition in the most tax efficient manner to ensure that you obtain all the relevant tax advantages. In this area, we offer the following services:

US Tax Due Diligence

US Tax Structuring Advisory

US Corporate Tax

Our dedicated team of corporate tax specialists can help you comply with all your regular corporate tax compliance requirements at the Federal and State levels. Our services in this area are detailed below:

Corporate Tax Returns

Federal Corporate Tax Returns
State Corporate Tax Returns

Corporate Tax & Regulatory Compliance

Estimated Taxes
Tax Return Extensions
State Annual Reports
State Franchise Tax Returns

Corporate Tax Advisory

State Tax Nexus
Permanent Establishment issues
Withholding Taxes

Individual Tax Returns

Our individual tax return services offer personalised attention and customised solutions for each client. We can help you with the following compliances:

Federal Form 1040 and Form 1040 NR
Report of Foreign Bank and Financial Accounts (FBAR)
Federal Partnership Tax Returns (Form 1065)
State Partnership Tax Returns

Private Equity/Venture Capital Fund Services

Our specialist private equity/venture capital Fund group can help you comply with all the necessary returns and reporting obligations with respect to your US investors. We offer the following services:

Tax Structuring advisory for Funds
Preparation of Schedule K-1′s
Controlled Foreign Company (CFC) testing & reporting assistance
Passive Foreign Investment Company (PFIC) testing & reporting assistance
Dodd-Frank registration assistance

FATCA- Foreign Account Tax Compliance Act

Our team can help comply with FATCA requirements. The purpose of the Act is to ensure that the Internal Revenue Service (IRS) can identify and collect the appropriate tax from US persons holding financial assets outside the US. FATCA legislation applies to any company or entity with US clients or asset(s) which provide US source income. The provisions will impose a 30% withholding tax on certain US source payments made to 'foreign financial institutions' (FFIs) and 'non-financial foreign entities' (NFFEs) that fail to identify certain US investors, even if such US persons directly or indirectly hold only non- US assets. We offer the following services:

Obtain Global Intermediary Identification Number (GIIN).
Reporting any accounts held by US person with the respective countries revenue authority
Filing form 8966 with IRS

Voluntary Disclosure Programs Assistance

The IRS modified filing procedure for US person living outside of United States to come into compliance with their US tax obligations.

Streamlined Foreign Offshore Procedures
Offshore Voluntary Disclosure Program (OVDI/OVDP) Amnesty assistance

US lawmakers propose a new bill to reform tax policies

The bill is designed to overhaul ineffective tax policies, through reforms that aim to benefit working families and prioritise economic interests of the US.

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