India's Most Recommended Accounting and Tax Consultants.pdf

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

n the intricate landscape of finance, businesses and individuals alike
Istrive 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.
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.
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.
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.
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.
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.
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.
Read ahead and Enjoy!
Partners-in-Excellence in Your Journey
Towards Financial Prosperity
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November, 2023
Gaurav PR Wankhade
Managing Editor
EDITOR’S VIEW

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CONTENT
DESIGN
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TECHNICAL
SME-SMO
CREDIT PAGE

14 22
A R T I C L E S
CONTENT PAGE
P
R
O
F
I
L
E
S
06G. K. Kedia & Co.
Our teamwork Will Ensure You Win Your
Business Success Championships
10Habibullah & Co.
Uplifting Clients’ Businesses with a
Holistic and Proactive Approach
18
Prime Financial &
Management Services
A One-Stop-Solution to All Your
Business and Financial Needs
Beyond Numbers
Top Accounting Wizards
Shaping India's
Business Landscape
Providing Expert Tax Consultancy

Description PAGE
Description
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.
CA Gopal Kumar Kedia,
Founder-Partner and
Managing Partner
Company
Habibullah & Co. (HCO)
KM Gatecha Co. & LLP
Featuring
Vivek Agarwal,
Managing Partner
Milap Pravinbhai Gatecha,
Designated Partner
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.
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.
Prime Financial &
Management Services
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.
SBS Global
Ajith Sharma,
Company Secretary
SBS Global is one of the leading providers of Financial Accounting
Outsourcing services in Bangalore.
Recommended
ACCOUNTING
India's Most
TAXConsultants
and

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

7 November 2023

8

9 November 2023

Vivek Agarwal
Managing Partner
Upli ing Clients’
Businesses with
a Holis c
and Proac ve
Approach
10

For 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
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.
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
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
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.
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.
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.
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.
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,
HCO mely
delivers quality
professional
services to
its clients with
a mul -disciplinary
approach.
“ “
India's Most Recommended Accoun ng and Tax Consultants
11 November 2023

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.
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.
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.
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.
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.
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.
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:
• 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.

Top Accounting
Wizards Shaping
India's Business
Landscape
Accounting 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
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.
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.
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.
14

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.
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.
Beyond
Numbers
15 November 2023

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.
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.
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.
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.
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.
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.
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.
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.
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.
16

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Apart form Accounting and Taxation, Prime Financial &
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Prime Financial & Management Services
19 November 2023

20

21 November 2023

Providing Expert
Tax Consultancy
avigating the intricacies of modern business
Ndemands an astute understanding of
foundational pillars like Accounts and
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.
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.
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.
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.
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.
22

23 November 2023

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.
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.
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.
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
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.
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.
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.
24

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