India's Most Recommended Accounting and Tax Consultants

www.ciolookindia.com I N D I A Beyond Numbers Top Accounting Wizards Shaping India's Business Landscape India's Most Counting on Excellence Challenges and Opportunities for India's Leading Advisors Providing Expert Tax Consultancy Recommended ACCOUNTING TAX Consultants and NOVEMBER | ISSUE 06 | 2023

EDITOR’S VIEW CREDIT PAGE Partners-in-Excellence in Your Journey Towards Financial Prosperity November, 2023 I n the intricate landscape of finance, businesses and individuals alike strive for guidance and reliability when it comes to managing their accounts and taxes. In the bustling markets of India, the demand for expert financial advice has soared, leading to the emergence of trusted accounting and tax consulting firms. These consultants have not only become the go-to advisors but also the bedrock of financial stability and compliance for many. Pooja M. Bansal Editor-in-Chief FOLLOW US ON www.twitter.com/ciolookindia CONTENT The significance of competent accounting and tax consultancy services cannot be overstated in a rapidly evolving economic environment. These consultants serve as the architects behind financial strategies, helping businesses steer through regulatory complexities while ensuring fiscal prudence. In a nation as diverse and vibrant as India, the nuances of taxation and accounting demand precision and expertise, which these professionals unfailingly provide. Managing Editor : Gaurav PR Wankhade Assisting Editor : Prajakta Zurale www.facebook.com/ciolookindia/ DESIGN What sets apart India's most recommended accounting and tax consultants is their commitment to delivering comprehensive financial solutions tailored to individual client needs. From large corporations navigating complex tax structures to small businesses seeking sound accounting practices, these consultants offer a spectrum of services that accommodate various requirements. Visualizer: Sandeep Tikode Art & Design Director : Rashmi Singh Associate Designer : Sameen Arif WE ARE ALSO AVAILABLE ON Moreover, the credibility and reliability of these consulting firms stem from their teams of seasoned professionals. These experts bring with them a wealth of experience and an innate understanding of the ever-changing financial landscape. Their proficiency in interpreting fiscal regulations and their ability to devise strategic financial plans are indispensable assets to their clients. SALES Asst. Vice President : Swapnali Vasaikar Sr. Sales Manager : Tejaswini Whaval Team Lead : Suraj Gadekar Business Development Exec : Khilashri Kolhe CONTACT US ON In an era where financial transparency and compliance are indispensable virtues, these consultants have become pillars of trust. They ensure that businesses maintain ethical financial practices, adhere to tax obligations, and navigate the labyrinth of accounting standards. Email : sales@ciolookindia.com For Subscription www.ciolookindia.com Contact : 7410079888 / 8956487819 The role played by these consultants extends far beyond mere financial advice; they are catalysts for economic growth. Their expertise empowers businesses to make informed decisions, optimize financial resources, and drive progress. By fostering an environment of financial stability and compliance, they contribute significantly to the overall economic well-being of the nation. TECHNICAL Technical Head : Rajeshwari Avhad Technical Consultant : Prachi Mokashi Copyright © 2023 CIOLOOK India, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from CIOLOOK India. Reprint rights remain solely with CIOLOOK India. SME-SMO In this CIOLook India's exclusive edition 'India's Most Recommended Accounting and Tax Consultants,' are the unsung heroes behind many success stories. Their dedication, expertise, and commitment to excellence make them invaluable partners in the journey toward financial prosperity. As India's economic landscape continues to evolve, the services rendered by these consultants will remain pivotal in steering businesses toward sustained growth and success. Research Analyst : Ravindra Kadam SEO Lead : Renuka A Kulkarni Read ahead and Enjoy! Gaurav PR Wankhade Managing Editor

CONTENT PAGE Description PAGE PROFILES 06 G. K. Kedia & Co. Our teamwork Will Ensure You Win Your Business Success Championships India's Most Recommended ACCOUNTING TAX Consultants and 10 Habibullah & Co. Uplifting Clients’ Businesses with a Holistic and Proactive Approach Company Featuring Description CA Gopal Kumar Kedia, Founder-Partner and Managing Partner G. K. Kedia & Co. is a Delhi based CA Firm, which has a robust team of skilled and proficient Chartered Accountants, who can handle all financial services related to Income Tax, GST, Merger & Acquisitions,etc. G. K. Kedia & Co. Prime Financial & Management Services A One-Stop-Solution to All Your Business and Financial Needs Habibullah & Co. (HCO) is a professional services firm providing tax, business setups, bookkeeping and consulting services to a wide range of publicly traded and privately held companies. 18 Vivek Agarwal, Managing Partner Habibullah & Co. (HCO) K M Gatecha & Co LLP, is an established CA firm in Ahmedabad, providing services for your healthy business bookkeeping, accounting, auditing, payroll processing, advisory services related to direct tax, goods and services tax, and strategic decision-making. Milap Pravinbhai Gatecha, Designated Partner KM Gatecha Co. & LLP Surbhi Singh Gaharwar, Founder and Business Management Consultant Prime Financial & Management Services is an Advisory firm with expertise in Taxation, Project Financing, Business Management, and other financial and legal matters. Prime Financial & Management Services A R T I C L E S Ajith Sharma, Company Secretary SBS Global is one of the leading providers of Financial Accounting Outsourcing services in Bangalore. SBS Global Counting on Excellence Challenges and Opportunities for India's Leading Advisors Providing Expert Tax Consultancy Beyond Numbers Top Accounting Wizards Shaping India's Business Landscape 14 22

G. K. Kedia & Co. is a Delhi-based CA Firm established in 6 7 November 2023 November 2023 www.ciolookindia.com www.ciolookindia.com

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India's Most Recommended Accoun?ng and Tax Consultants F consultations, they need experts to investigate their financial matters. Additionally, every business hails from different sectors as well encounters different difficulties in finance matters. As the world witnesses tremendous changes in terms of finance and tax spaces, businesses feel a tension to set a balance between industry trends and finance and tax rules. or a business to grow and stand out in its respective industry, its finance profile must be strong. From tax rules and assurance to financial advice and been persistently witnessing growth and successfully offering quality services and leadership, adhering to its core values such as competence, honesty, integrity, professionalism, dedication, responsibility, and accountability. Upli?ing Clients’ Businesses with a Holis?c and Proac?ve Approach Customized services and solutions are at HCO’s core. For that, the company adheres to its mission which states, “We believe that we can add value for our clients if we truly understand their industry and their problems.” It boasts of its mission with a clarification that includes understanding the environment in which its clients work and according to these analytical factors, the company helps its clients to prosper in their respective markets. Furthermore, it aims to help its clients by fostering an environment that encourages personal and professional growth and a passion for the firm’s core values. In such a scenario, a company that helps its clients in their transformation through knowledge and values along with the implementation of technical innovations is Habibullah & Co. (HCO). The company has been spreading its exceptional services in India as well as making a strong global presence. “ In 2019, Vivek Agarwal was appointed as a Managing Partner and looks after the Business Consulting and Monarch of Vision HCO is a prominent player in offering excellent accounting and tax-related services through the active involvement of experienced and committed professionals. Such an outstanding organization has been led by a visionary leader till his unfortunate demise in 2019. Late CA. Habibullah directed the company since its foundation and was the principal partner of the firm. Mr. Habibullah was a Fellow member of The Institute of Chartered Accountants of India, The Institute of Internal Auditors Inc. USA and The Institute of Insurance Surveyors and Loss Adjusters, India. With an extensive professional experience and authority in Direct Taxation, Mr. Habibullah established a small firm in Gorakhpur in 1962, and since then, the company only grew under his fine leadership and guidance. In this professional journery he was full heartedly supported by by his partner Late CA. VK Agarwal who was a fellow member of The ICAI and served the firm and profession for 45 years. HCO ?mely delivers quality professional services to its clients with a mul?-disciplinary approach. “ Vivek Agarwal Managing Partner An Array of Exceptional Services An ISO 9001:2015 certified company, HCO is a renowned leader in its niche of accounting and tax-related issues. The company usually serves growth-oriented organizations as well as individuals facing difficulties in expansion or regulation of their organizations; the target audience includes, public and private organizations, middle-market and larger enterprises, non-profit organizations as well as high-profit organizations, etc. International Tax department of the firm. Having experience of more than 20 years in profession he is responsible for firms’ International Relations and alliances and heads the Global Mobility & Internal Tax division of the firm. Mr Agarwal is qualified information system auditor and has also helped many multinational companies set up business in India.. Legacy of 61 Years Habibullah & Co. (HCO)was founded and established in 1962 by Late CA. Habibullah. This accounting company is serving its clients in matters of assurance, tax, financial advisory, and consulting services, both national as well as global presence. For the last 61 years, the company has Despite the client company type, HCO timely delivers quality professional services to its clients with a multi- disciplinary approach. The company offers a range of exceptional services such as Audit & Assurance, 10 11 November 2023 November 2023 www.ciolookindia.com www.ciolookindia.com

Corporate Law Advisory: Understanding the law of the country and tackling related problems are crucial as law is a vast ocean of knowledge. HCO offers its national and overseas clients corporate tax consulting and legal advisory. The company has a standardized process, vast knowledge and experience and expert opinions make the offerings unique that include Statutory Compliance, Legal Due Diligence, Corporate Advisory, Foreign exchange Management and Foreign Residency services, etc. Bookkeeping, Global Mobility, Tax Advisory, GST Advisory, Corporate Law Advisory, Business Consulting, etc. Audit & Assurance: With a pragmatic audit approach, HCO brings out a risk-based audit with extensive planning, strong client input and technological advancements embedded in it. The audits result in showcasing credibility, assurance and leadership insights. The services include Statutory Audits, Internal Audits, Due Diligence, Forensic Audits, Circulation Audits, etc. Business Consulting: Today, businesses must be adaptive, leveraging technologies and implementing trends and no company can further its journey without a strategic plan. HCO focuses on providing a roadmap to the success journey of its clients. The process focuses on organizational culture and structural and operational SWOT analysis, for achieving long-term success. These services include expansion of offshore projects, Managing projects, teams and investments across borders, Cost Reduction and Profit Improvement, Business Restructuring, Business Process Outsourcing, etc. Bookkeeping: To track the company’s spent money, revenue, tax deductions, etc., the bookkeeping method provides a systematic way for recording daily financial transactions. HCO helps in reducing the finance and accounting costs of the client companies from set-up, support, maintenance, and consultancy. The services include Invoice generation, Generating & tracking accounts receivable, Tracking accounts payable, Trial balances and Profit &Loss accounts, General ledger maintenance, Payroll processing, Compilation of tax returns, IFRS and US GAAP Compliance, etc. Distinctive Properties Being the business of accounting and consultations, HCO excels in its niche with the excellent services it offers to its clients. Not just this, but the company adheres to its core values and shines like a Blue Diamond in the crowd. These values shape the organization, building a strong network of experts and investing in achieving great performance levels. The following aspects set the company apart among the giants in the market: Global Mobility: For mobile workforces, Corporate Global Mobility Tax Services (GMS) are beneficial for international companies. With a thoughtfully designed approach to GMS services, HCO provides consistent experience in managing statutory compliances. For global organizations that aim to address the challenges of the global compensation process and payroll compliance environment for their mobile workforce, the company offers GMS that include mobility tax and payroll. Accountability: HCO takes responsibility for its work, completing commitments with excellence and timely delivery. Positive Culture: The company fosters a collaborative and innovative work environment that uplifts the employees in their professional journeys. As the work- life balance is always necessary, HCO helps them to achieve the same. Integrity: The company follows a set of values that guarantee appropriate choices with integrity, sincerity and the highest ethical standards. Excellence: HCO understands and exceeds its own and its clients’ expectations by working hard to improve and fervently pledging to do the best. Maintaining Client Relationships: By proactively attending to its clients’ business needs with committed service and a real interest in their success, HCO establishes and maintains long-term personal and professional relationships with them. • Tax Advisory: A complex taxation system always witnesses frequent technological adaptions, digital transformations, innovative business models, etc. Consequently, client companies also face difficulties in adapting to these changes and encounter queries. To mitigate these challenges, HCO helps its clients with minimum response time. With a special tax expert team, the company taps into various sectors of tax advisory including Domestic, International, US, and Mobility taxes. • • • GST Advisory: An efficient tax system, GST lowers the tax rates, eliminates multiplicity of taxes, fastens the process of automation of compliance, etc. Understanding this need, HCO offers thought leadership and GST-related advice. These exceptional services include GST impact analysis, GST Audits, aligning tax reports and invoices, GST Representation Services, GST Training/ Workshops, etc. •

Top Accounting Wizards Shaping India's Business Landscape A in India is orchestrating a transformative impact on the country's business landscape. These professionals, armed not just with calculators but with strategic acumen and forward-thinking approaches, are reshaping the way businesses operate, innovate, and thrive in an ever-evolving economy. Beyond Numbers ccounting is often perceived as a meticulous practice solely centered on numbers and financial records. However, beyond the spreadsheets and ledgers, a cadre of accounting wizards Catalyzing Innovation through Financial Insight At the forefront of this transformation are visionary accountants who extend their role beyond balancing the books. They leverage their financial insight to catalyze innovation within organizations. By interpreting financial data and identifying patterns, these accounting wizards provide invaluable strategic advice to businesses, enabling them to make informed decisions and navigate the complexities of today's competitive market. Driving Ethical and Transparent Practices The evolving role of accounting professionals goes beyond number crunching. They serve as torchbearers of ethical conduct and transparency within the corporate sphere. Upholding rigorous ethical standards and compliance protocols, these wizards ensure that businesses operate with integrity, fostering trust among stakeholders and contributing to a healthier business environment. Strategic Advisors in Business Expansion Accounting wizards are not confined to the realm of numbers; they serve as strategic advisors in business expansion initiatives. Their insights into financial feasibility and risk assessment play a pivotal role in guiding businesses through expansion plans, mergers, acquisitions, and diversification strategies, fostering sustainable growth and resilience. Navigating Regulatory Landscapes In a landscape fraught with ever-changing regulations and compliance frameworks, these accounting stalwarts act as guides, helping businesses navigate the intricate web of regulatory requirements. Their expertise in interpreting and implementing regulatory changes ensures that companies remain compliant, reducing risks and safeguarding against legal pitfalls. Tech-Savvy Transformers Embracing technological advancements, these accounting leaders are at the forefront of digital transformation. Leveraging cutting-edge accounting software, artificial intelligence, and automation, they streamline processes, enhance accuracy, and deliver real-time insights, propelling businesses into the digital age and optimizing operational efficiencies. 14 15 November 2023 November 2023 www.ciolookindia.com www.ciolookindia.com

Stay in the known The Enduring Impact In India's dynamic business landscape, a cadre of exceptional accountants has emerged as true business wizards, their expertise and insights steering companies towards success and resilience. These accounting luminaries are not mere number crunchers; they are strategic advisors, financial stewards, and trusted confidants, guiding businesses through the labyrinthine complexities of the modern economy. A Beacon of Trust and Expertise India's top accountants are not merely professionals; they are trusted advisors, confidants, and architects of financial success. Their unwavering commitment to excellence, ethical practices, and innovation has earned them the respect and admiration of their peers and clients alike. Their contributions have not only propelled individual businesses to new heights but have also played a significant role in shaping India's economic landscape, fostering a culture of financial literacy, and promoting responsible business practices. Subscribe to CIOLOOKINDIA Their contributions extend beyond the confines of corporate boardrooms, reaching into the broader fabric of Indian society. By fostering a culture of financial literacy and promoting ethical business practices, these accounting wizards are empowering entrepreneurs, nurturing small businesses, and contributing to the nation's economic growth and prosperity. Get CIOLOOKINDIA Magazine in Print and Digital on India's accounting wizards are instrumental in reshaping the business landscape, moving beyond conventional roles to become pivotal catalysts of change. Their multifaceted expertise in financial management, strategic guidance, ethical practices, regulatory compliance, and technological prowess positions them as indispensable assets in driving business success and fostering a robust and progressive economic environment. As these wizards continue to redefine the role of accountants, their influence extends far beyond numbers, shaping the very essence of India's evolving business ecosystem. www.ciolookindia.com The Pillars of Business Excellence The impact of India's top accountants can be distilled into several key areas that underpin business success: Strategic Guidance: Accountants provide invaluable insights into a company's financial performance, enabling informed decision-making and strategic planning. Their expertise in financial analysis, risk management, and forecasting helps businesses navigate the complexities of the market and make informed choices for long-term growth. In the intricate tapestry of the business world, accountants hold a position of quiet yet profound influence. While their role is often perceived as confined to the realm of numbers and financial statements, their impact extends far beyond, shaping the very foundations upon which businesses are built and thrive. Financial Stewardship: Accountants serve as custodians of a company's financial resources, ensuring sound financial management and adherence to regulatory compliance. Their meticulous attention to detail and commitment to ethical practices safeguard the financial integrity of businesses, fostering trust among investors and stakeholders. As India's economy continues to grow and evolve, the role of accountants will become even more critical. Their expertise will be essential in navigating the complexities of global markets, adapting to technological advancements, and ensuring the sustainable growth of businesses in the ever-changing economic landscape. Operational Efficiency: Accountants play a crucial role in optimizing a company's operational efficiency, identifying areas for cost reduction and streamlining financial processes. Their expertise in cost accounting and financial analysis helps businesses maximize profitability and achieve their financial goals. Business Transformation: Accountants are instrumental in driving business transformation initiatives, providing the financial insights and strategic guidance necessary to navigate change and emerge stronger. Their expertise in mergers and acquisitions, restructuring, and financial modelling helps businesses adapt to evolving market dynamics and seize emerging opportunities. Subscribe Today I N D I A 16 November 2023 www.ciolookindia.com

Apart form Accounting and Taxation, Prime Financial & Management Services also provides services like Business Prime Financial & Management Servicesis your one-stop Prime Financial & Management Services 18 19 November 2023 November 2023 www.ciolookindia.com www.ciolookindia.com

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Counting on Excellence Challenges and Opportunities for India's Leading Advisors Providing Expert Tax Consultancy N Finance, Production/Services, Admin/HR, and Sales/Marketing. While each pillar serves distinct functions, the linchpin lies within the realm of Accounts and Finance. This segment meticulously records, monitors, controls, and analyzes day-to-day operations, offering critical insights for future business planning and forecasting. Organizing Finance structure Modern accounting and tax consulting firms check the basic business functioning of the business enterprise. They set up an organized system of the accounting process through the implementation of standard rules and procedures., Revamping the accounting process, the consulting firms introduce and enable in implementation of advanced accounting software that is web-enabled for flexible and rapid working. The business leaders and their accounting teams are properly trained in the basic accounting process with task identification, planning, and execution. avigating the intricacies of modern business demands an astute understanding of foundational pillars like Accounts and As businesses experience exponential growth, entrepreneurs encounter a pressing need to elevate and systematize their accounting functions. Recognizing the constraints within in-house accounting teams, contemporary business leaders seek to evolve their accounting departments onto a more expansive and methodical framework. This evolution necessitates the expertise of accounting professionals capable of not only observing and identifying but also structuring an optimized accounting process. In the intricate tapestry of business management, the pillar of Accounts and Finance stands as the backbone of organizational success. Among the array of functions within a business—Production/Services, Admin/HR, and Sales/Marketing—the profound significance of Accounts and Finance cannot be overstated. This pivotal segment meticulously records, monitors, controls, and analyzes day-to-day operations, serving as a compass for business planning and forecasting. As businesses in India continue to experience growth and expansion, entrepreneurs are faced with the ever-pressing need to elevate and systematize their accounting functions. In light of the limitations inherent within in-house accounting teams, contemporary business leaders are discerning the imperative to evolve their accounting departments onto a more expansive and systematic framework. Professional accounting and tax consulting firms are instrumental in guiding organizations through this transformation, steering them towards an organized accounting process. Beyond streamlining accounting operations, these firms adeptly uncover the 'why' behind an organization's current status and facilitate the pivotal 'how' of essential procedures. In the context of India's dynamic business landscape, the challenges and opportunities faced by leading advisors offering expert tax consultancy are pivotal and multifaceted. 22 23 November 2023 November 2023 www.ciolookindia.com www.ciolookindia.com

The burgeoning business volumes and the increasing complexity of financial landscapes underscore the necessity for precision and sophistication in accounting practices. Modern business leaders are recognizing the limitations of relying solely on internal teams for intricate accounting tasks. They are gravitating towards seeking external expertise—specifically from professional accounting and tax consulting firms—to navigate these challenges and seize the accompanying opportunities. balance between adherence to regulations and leveraging opportunities for tax optimization. Opportunities Amidst these challenges, there exist substantial opportunities for India's leading tax advisors. The evolving landscape necessitates expertise in navigating complex tax structures, fostering a demand for professionals capable of interpreting and implementing tax laws effectively. Professional accounting and tax consulting firms are in a prime position to capitalize on this demand by providing tailored solutions, innovative tax planning strategies, and personalized advisory services. As businesses seek to fortify their financial health and compliance, the expertise offered by these advisory firms becomes increasingly indispensable. Identifying the Grey Areas Through an in-depth analysis, it is revealed that certain aspects need quick attention and actions. The analysis opens aspects of pending tasks, unpaid bills, recovery, salary and wage management, job-order disparities, unnecessary expenses, etc. There are numerous small things that add up to a big volume. Hence consulting firms help entrepreneurs in identifying the grey areas and get them cleared swiftly. The progress of the organization often depends on how well the finances are managed. It so happens that decisions that are taken hastily end up adding more expenses and liabilities rather than adding up to optimize the business functions. The opportunities extend beyond merely interpreting and implementing tax laws; there is a growing need for tax advisors who can offer strategic guidance on long-term tax planning, risk mitigation, and proactive compliance management. India's leading advisors providing expert tax consultancy are poised to seize these opportunities by offering comprehensive services that align with their clients' business objectives and contribute to their sustained growth and success. One of the pivotal challenges encountered by India's leading advisors providing expert tax consultancy revolves around fostering a paradigm shift in the approach towards accounting and taxation. The traditional models and methods are often insufficient in addressing the intricate tax structures and regulations prevalent in India's dynamic business environment. These advisors face the daunting task of aligning their strategies with the ever-evolving taxation policies while ensuring compliance and efficiency for their clientele. India's tax consultancy sector stands at a critical juncture, facing multifaceted challenges while simultaneously being presented with substantial opportunities. The ability of leading advisors to navigate the complexities of the tax landscape, provide innovative solutions, and offer strategic guidance will define their success in an environment marked by change and dynamism. As businesses increasingly rely on their expertise to navigate the intricate tax structures, these advisors must adapt, evolve, and count on excellence to deliver unparalleled value to their clientele. Furthermore, the complexity of the Indian tax system necessitates constant vigilance and adeptness in interpreting the intricate tax laws and their implications. The tax consultancy sector grapples with the challenge of ensuring their clients' seamless compliance with these regulations while simultaneously strategizing to optimize tax benefits within the legal framework. This requires a delicate 24 November 2023 www.ciolookindia.com

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India's Most Recommended Accounting and Tax Consultants

India's Most Recommended Accounting and Tax Consultants

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