Manish Anil Gupta & Co

Last month, I had an incredible trip✈️ to Singapore🇸🇬 with a dear friend. This city-state left an unforgettable mark on us. Here are the highlights:

- In Singapore, we saw different places like Chinatown, Little India, and Kampong Glam, where temples, churches, and mosques all peacefully coexist, offering tasty food and vibrant markets.

-Singapore's tall buildings in the financial district amazed us, showing off the city's innovation and tech. The Marina Bay Sands, a financial icon, looked stunning at night.

-Singapore is one of the cleanest cities globally. It reflected the city's dedication to environmental sustainability.

-Singapore is a food paradise. From hawker center delights to fine dining with city views, the cuisine amazed us.

Singapore's blend of culture, finance, and cleanliness make it an extraordinary destination. Whether you seek culture, finance, or a clean experience, Singapore has it all. It's a place where old and new coexist seamlessly. I can't wait to return and create more unforgettable memories.

Must Visit!✈️

Today, I met a friend👬🏻 Mr. Achim Giebler all the way from Germany🇩🇪 who's doing some amazing work with an NGO. He has a fantastic idea that could really help our Indian small holder farmers👨🏻‍🌾:

- He aims to help farmers measure field water using advanced tech, crucial in a water-scarce country👩🏻‍💻👨🏻‍🌾.

-He introduced a handy online tool called "Cloud"👨🏻‍💻 that provides gadgets and training to how to utilize it in our fields.🌳

This could make our farming much better! We can grow more📈, save our resources, and work faster💦.

I'm really impressed by his passion for helping our farmers. This idea could change a lot of lives and make our agriculture much better.🌳🌳

In last, my friend's innovative idea to empower Indian farmers with water-measuring tools and online training has the potential to revolutionize our agriculture, and I'm excited to spread the word and support this transformative opportunity.

Let’s spread it together!🗣️👨🏻‍🌾

🌍 Recently, I met Dr. Park from South Korea, an inspiring entrepreneur and the experience was really incredible. Our teams blended Indian vibrancy with Korean innovation, resulting in a groundbreaking strategy. We've evolved from local to global clients, and the journey has been transformative. Grateful for your support that made this journey possible. Here's to more cross-cultural collaborations and thriving ventures ahead! 🚀🙏🌈

Had an incredible coffee chat with one of my esteemed international clients, Mr. Ness! 🌍☕️ It was an absolute delight connecting with him and delving into everything from their innovative business strategies to the richness of their culture. 🤝🌎

The warmth of our conversation made it truly heartwarming – it's amazing how a simple cup of coffee can bring people closer.☕️❤️ Those "coffee wali baatein" were nothing short of magical, leaving me inspired and eager for more.

Can't wait to have the opportunity to meet Mr. Ness again in person! Until then, sending good vibes across the miles! ✨🌏

🌟Celebrating Success! 🎉 Witnessing the triumph of our CA qualified team members, CA Ayushi and AIR 18 holder Ca Ashish, feels truly remarkable! 🚀 Seeing our employees grow and achieve their dreams is what makes us proud and keeps us motivated! 🌱 Congratulations on this incredible accomplishment to both of you!

🌟 Discover the Art of Transfer Pricing for Business Success! 🌟

🔎 Unlock the secrets of transfer pricing and navigate the complexities of global taxation with confidence. Our comprehensive guide, "The Ultimate Guide to Transfer Pricing Methods," is here to help you set sail towards financial success in the global market.

📚 Learn about the five key transfer pricing methods and gain insights into their advantages and disadvantages. From Comparable Uncontrolled Price Method (CUP) to Profit Split Method (PSM), we've got you covered!

💼 Minimize tax risks, sharpen your competitive edge, and maintain harmonious relationships with tax authorities by mastering the art of transfer pricing. This guide is your map to compliant and prosperous financial navigation.

🌐 Don't miss out on this valuable resource! Read "The Ultimate Guide to Transfer Pricing Methods" now and take your business to new heights.https://bit.ly/42ZHR8T

𝐌𝐲 𝐬𝐞𝐜𝐫𝐞𝐭𝐬 𝐭𝐨 𝐢𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐧𝐠 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲, 𝐞𝐪𝐮𝐢𝐭𝐲, 𝐚𝐧𝐝 𝐢𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 𝐢𝐧 𝐨𝐮𝐫 𝐰𝐨𝐫𝐤𝐩𝐥𝐚𝐜𝐞

When I started my business, it was all about me and me only.

However, as the business grew and our expanded, I began to see my employees as not just but as family members.

I started prioritizing their needs and well-being just like I would for my .
👉 From birthday celebrations to mental # health programs, we ensure everyone is valued and respected.

👉 I ensure we share our personal lives and to foster a sense of belonging.

👉 We not only work together but also travel together, new cultures and perspectives. This allows us to develop a deeper understanding of each other's backgrounds, religions, and beliefs.

👉 We celebrate and honor different cultural traditions and practices and have from various religions, and backgrounds.

👉 We have started a bimonthly with founder event which is helping me to come closer to my team

diversity, equity, and inclusion is not just something we do, it's a value that guides our actions and shapes our culture at the workplace.

I would love to hear how you incorporate diversity, equity, and inclusion at your workplace or in your .

➡️ Share your experiences and let's inspire each other to create more inclusive environments!
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🌐𝐀𝐫𝐞 𝐲𝐨𝐮 𝐚 𝐧𝐨𝐧-𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐈𝐧𝐝𝐢𝐚𝐧 𝐚𝐧𝐝 𝐫𝐞𝐜𝐞𝐢𝐯𝐢𝐧𝐠 𝐢𝐧𝐜𝐨𝐦𝐞 𝐟𝐫𝐨𝐦 𝐢𝐧𝐝𝐢𝐚❓

Are you worried about facing double taxation deductions in two jurisdictions❓

Fear not!

I'm here to guide you through the process with the powerful duo of the Residency Certificate (TRC) and Form 10F.

In order to protect ourselves and avoid unnecessary tax burdens, filing Form 10F and obtaining a TRC are crucial steps.

And the best part❓

The days of cumbersome manual filing are long gone!

Since July 2022, Form 10F and the online Income Tax Portal have become an inseparable pair, making the process much more convenient and efficient. 💻

For those who don't have an Indian PAN, manual filing of Form 10F is still an option until September 30th.

However, if you do have a PAN, it's mandatory to file . 🌐

Wondering when to file❓

Ideally, at the beginning of the year.

However, you can also file when the transaction occurs to ensure .

Just remember to file within the stipulated time period.

If you choose to file online, you can easily track the status of your form.

Stay updated on the progress and ensure a smooth process.

If you have any questions or concerns regarding this matter, please feel free to write them in the comments section. I'm here to assist you every step of the way.

Remember, staying compliant is the key to avoiding double taxation and saving your hard-earned .

➡️Let's continue the conversation. What are your thoughts❓ Thank you!
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🌐 Explore the Updated LRS Scheme and Key Clarifications 🌐

Are you curious about the recent changes in the Liberalized Remittance Scheme (LRS) by the Reserve Bank of India? 🏦💼

Discover how credit cards come under LRS and the impact of taxation amendments on outbound remittances. 📊💳💰

Stay informed and prepared for these forthcoming changes to navigate the LRS framework effectively. 📚🤝💡

Don't miss out on the latest insights! Read our blog https://bit.ly/43Pb8Ew

𝐁𝐞 𝐟𝐚𝐦𝐢𝐥𝐲 𝐭𝐨 𝐲𝐨𝐮𝐫 𝐜𝐥𝐢𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐲𝐨𝐮𝐫 𝐟𝐚𝐦𝐢𝐥𝐲 𝐰𝐢𝐥𝐥 𝐞𝐱𝐭𝐞𝐧𝐝 𝐥𝐚𝐫𝐠𝐞𝐥𝐲…!!!

We helped our client Kumar (Founder of Mirchi Foods) in getting an Refund which was stuck 💰

Kumar was doing a job in a foreign country but then he realized India has a vast market to do in.

So he started his business in India which is wonderfully.🚀

I feel very proud of people Like Ratul Kumar who are coming back to the country and taking as their path so that they can contribute to the growth of the Indian economy.💪

I appreciate Ratul for wonderfully scaling his business at this young age.

Recently invited us for lunch🍽️ to show his . 🙏

It's a moment of pride when start getting connected with us, and we become part of their life, just like a family.

➡️Have you ever had such with your clients❓
Do share your stories in the comments.

PS:- I would like to thank Rahul Pareva for this as it won’t be possible without his dedication & hard work.
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𝐖𝐡𝐲 𝐒𝐰𝐢𝐭𝐳𝐞𝐫𝐥𝐚𝐧𝐝 𝐈𝐬 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐞𝐝 𝐚 𝐓𝐚𝐱 𝐇𝐚𝐯𝐞𝐧❓

I as an established Chartered Accountant, I am often asked about Switzerland🏔️ being a tax haven.💰

Let’s delve into the topic of why Switzerland has been traditionally regarded as a haven.

Let's explore 🧐 the factors that made Switzerland a tax haven.📚

Low Tax Rates: Switzerland has long been known for its comparatively tax rates, offering a competitive advantage to and individuals. This attractive feature has enticed many to establish their presence or move their to Switzerland.📉

Favorable Tax Treaties: The has established numerous tax treaties with other nations, aiming to prevent double and facilitate cross-border business activities. These agreements have provided tax for international and contributed to Switzerland's appeal as a financial hub.🌍

Stable Politics: Switzerland's long-standing political 🏛️ stability has been a contributing factor to its status as a tax haven. The country's consistent governance and neutral position have fostered an conducive to financial 🔒 and long-term investments.

However, it's important to note that Switzerland has recently taken steps to walk back some of the benefits have long enjoyed.

It's crucial for individuals and businesses to stay informed about these changes and ensure compliance with evolving .📝

What are your thoughts on Switzerland's transition from its traditional tax haven status❓ Share your insights and in the comments below.💬

➡️Let's engage in a meaningful discussion about the evolving tax landscape
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𝐀𝐫𝐞 𝐲𝐨𝐮 𝐟𝐚𝐦𝐢𝐥𝐢𝐚𝐫 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐫𝐞𝐩𝐞𝐫𝐜𝐮𝐬𝐬𝐢𝐨𝐧𝐬 𝐭𝐡𝐚𝐭 𝐜𝐚𝐧 𝐚𝐫𝐢𝐬𝐞 𝐟𝐫𝐨𝐦 𝐟𝐚𝐢𝐥𝐢𝐧𝐠 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐲 𝐰𝐢𝐭𝐡 𝐆𝐒𝐓 𝐫𝐞𝐭𝐮𝐫𝐧 𝐟𝐢𝐥𝐢𝐧𝐠❓

Every registered business is obligated to submit monthly or quarterly GST returns using FORM GSTR-1 & 3B.💼

Failure to do so will result in the imposition of late fees and interest.

Now, envision this scenario - you have been smoothly running your business, but one month, you neglect to file your GSTR-1 & 3B return before the due date.

Consequently, you not only incur late fees but also become unable to file your subsequent return. 🚫

If this continues for three months, there is a possibility that you may receive a show cause notice, leading to potential litigation under GST, or your registration may be suspended. ⚠️

Suddenly, you find yourself entangled in a web of compliance issues and legal complications.🔍

Certainly, not an ideal situation, is it❓

This incident serves as a wake-up call for businesses, emphasizing the importance of maintaining compliance.

Wouldn't it be preferable to be part of the solution rather than the problem?

It is in your best interest to ensure complete compliance rather than face the consequences of noncompliance.✅

➡️So, how do you intend to make sure to stay GST-compliant in your business❓ Feel free to share your thoughts below! 👇
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🔔🔔🔔🔔🔔🔔🔔🔔🔔HIRING ALERT! 🔔🔔🔔🔔🔔🔔🔔🔔🔔

MAG IS HIRING FOR 👇👇

VACANCY AVAILABLE:
• CA Article Assistant
• CS Article Assistant
• Account Executive

For More Details:
Website Link:
🔗 https://lnkd.in/e8eTpfn

Send Your Resume/CV at:
📩 [email protected]

Location: 📍 701-702, 7th Floor, Vishwasadan Tower, Janakpuri District Center, Janakpuri, New Delhi, Delhi 110058
Timings: 10:00AM-6:30PM

𝐀𝐫𝐞 𝐲𝐨𝐮 𝐫𝐞𝐚𝐝𝐲 𝐭𝐨 𝐮𝐧𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐨𝐟 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐚𝐱?

FY 2021-22 saw India amassing ₹7,12,037 crore in corporate tax, a 55% leap! 💹

Not just a number, it's the pulse of our economy, making up 3.01% of our ! 📊

Visualise as the heartbeat of our public services, similar to your 🏠 home's ⚡ electricity bill!

Would you be willing to cut the power supply and live in darkness❓

Just as you wouldn't, our nation can't thrive without corporate tax.

Also, the levies a 30% corporate tax on domestic companies, with an additional surcharge of 7% and 12% for incomes exceeding ₹1 crore and ₹10 crore respectively, further increased by 4% health & education cess.

Like we pay more for premium services, bigger give more towards the government's upkeep of the nation.

Did you ever imagine a portion of your profits could help in the development of our nation❓

Corporate tax isn't a duty; it's your contribution to national growth! 🚀

See how your 's growth intertwines with our nation's prosperity. 🌟

Remember, every rupee paid as tax is a step towards a better India.🚶♂

➡️Now, how do you view corporate tax❓ Let me know in the comments!
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𝐈𝐧 𝐦𝐲 𝐰𝐨𝐫𝐤, 𝐰𝐡𝐞𝐧𝐞𝐯𝐞𝐫 𝐈 𝐠𝐞𝐭 𝐪𝐮𝐞𝐫𝐢𝐞𝐬 𝐟𝐫𝐨𝐦 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐨𝐰𝐧𝐞𝐫𝐬, 𝐭𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐧𝐚𝐭𝐮𝐫𝐚𝐥𝐥𝐲 𝐢𝐬 𝐚 𝐡𝐮𝐠𝐞 𝐩𝐨𝐢𝐧𝐭 𝐨𝐟 𝐟𝐨𝐜𝐮𝐬.

To advise my clients better and to improve my knowledge bank on International ;

I recently started pursuing one of ’s courses in the subject. And I must say, what a pleasure it is to come back to the classroom!

While I have just started this course; here are 3 things I believe it can help me offer my clients:

👉 Often, business owners want to decide which country would be best to start a . By having nuanced knowledge of International Taxation, I can advise them better in taking a decision.

👉 Taxation laws can be tricky. With the correct information though, businesses can reduce the risk of or accidental tax evasion. Knowing these laws is also important for strategizing financials.

👉 With regard to foreign in India from or otherwise; this course gave me more insights related to FDI and FEMA regulations.

➡️I believe it’s my responsibility to contribute to the growth story of a economy and I hope this course empowers me on this mission!
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Recently, I had the privilege to meet the HBL Group team Mr CHOW and Mrs. RAQUELMR. Specialists in the apparel tag and labels industry, are now exploring opportunities in India! 🌍

The pleasure of this interaction comes from my belief in the untapped markets that India holds and the possibilities that lie therein.

Companies are steadily moving towards India to create rapidly businesses. 🚀

Why are we not these new markets? What are we waiting for?!

I am so to Mr. Chow and his team for such a brilliant and engaging interaction that has refreshed my mission to support foreign businesses entering the untapped markets of India.

Here's wishing him and his team my heartfelt best for a endeavor!🤝
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Learn how drives fair pricing and compliance with Rule 10B. Unlock the key takeaways and integrate FAR Analysis into your . Embrace this essential tool for successful multinational operations in India. https://bit.ly/3N91kPW

📢 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧, 𝐈𝐧𝐝𝐢𝐚𝐧 𝐄𝐱𝐩𝐚𝐭𝐬!

Ever felt like you're in a spicy game of cricket with Indian rules❓

🌶 If you're wondering, "𝘋𝘰 𝘐 𝘳𝘦𝘢𝘭𝘭𝘺 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘧𝘪𝘭𝘦 𝘢𝘯 𝘐𝘛𝘙❓" Let's decode this together!

Navigating through tax rules can feel like a thrilling T20 match! Here's the scoop:

👉 Resident expats, just like a true all-rounder, you are taxed on your worldwide income!

👉 'Not Ordinarily Residents', your game is mostly played on home ground, i.e., you're taxed only on Indian-source income.

👉 Non-residents, just like a guest player, you're taxed only on Indian-source income and income received in .

Now, let's bat with 'Tax Ki Bhasha'! 💰

If your income is less than 2.5 lakhs, you're on a 'tax-free' strike! But, above that, you're in the field with tax starting from 5% and going up to 30%.

And let's not forget about those 'googly' surcharges for incomes above 50 lakhs.

And, the PAN is your 'team jersey', a unique identification number that helps you play by the tax pitch.

But here's a crucial question: "𝘋𝘰 𝘐 𝘳𝘦𝘢𝘭𝘭𝘺 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘧𝘪𝘭𝘦 𝘢𝘯 𝘐𝘛𝘙❓" The answer is yes! Whether you're playing on home ground or as a guest player, if you have any income source in India or income received in India, you should file ITR to comply with tax .

This ensures you're batting within the crease in this game of tax cricket.

Remember, "𝘛𝘢𝘹 𝘱𝘭𝘢𝘯𝘯𝘪𝘯𝘨 𝘪𝘴 𝘭𝘪𝘬𝘦 𝘤𝘳𝘪𝘤𝘬𝘦𝘵, 𝘵𝘪𝘮𝘪𝘯𝘨 𝘪𝘴 𝘦𝘷𝘦𝘳𝘺𝘵𝘩𝘪𝘯𝘨!" Don't just rely on pavilion gossip. Consult a tax expert for your unique situation.

Got any 'Tax Tales'❓ Share your below!👇

Together, we can turn this tax pitch into a friendly match!🏏
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🔒𝐈𝐬 𝐲𝐨𝐮𝐫 𝐋𝐋𝐏 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞-𝐫𝐞𝐚𝐝𝐲❓

Recent changes in filing requirements for Limited Liability Partnerships ( ) in India have raised the stakes.

This is good news for LLPs.

Recently, a government notification 🔔 was received, outlining some key changes that you need to be aware of in order to ensure and avoid any unintended consequences.

Previously, LLPs were required to file two forms annually within a specified due date.

Failure to file these forms on time resulted in a late fee of ₹100 per day.

If these forms were not filed for three consecutive years, the directors of the LLP would be considered defaulters.

However, according to the latest notification effective from 1st April 2022, a new provision has been introduced. 🔔

The late fee for the non-filing of forms will be calculated as per the attached image. 📉

This new provision provides a for defaulting LLPs to rectify their non-compliance status.

By filing the missing forms within the stipulated time, they can safeguard their defaulter status and ensure the smooth functioning of their business.

Moreover, this presents an to save a significant amount of that would otherwise be paid as an additional late fee.💸

It is crucial for every LLP to review their filing history and take prompt action if any filings have been missed or .

➡️If you require any assistance or have questions regarding this update, please feel free to comment. I would be glad to assist you!
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𝐓𝐡𝐫𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐬𝐞𝐞 𝐏𝐞𝐛𝐥𝐨 𝐝𝐢𝐫𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝐑𝐞𝐯𝐛𝐢𝐨 𝐫𝐞𝐜𝐞𝐢𝐯𝐢𝐧𝐠 𝐡𝐢𝐬 𝐆𝐒𝐓 𝐫𝐞𝐟𝐮𝐧𝐝!

We are thrilled to see that our Peblo has received his GST refund.

As an international client, we understand the complexities of finance and the that come with it.

That's why we are always so to be able to help our clients navigate these waters.

Financial management is crucial for any , and we understand that every client has their own unique needs.

That's why we take the time to get to know each client and their business so that we can tailor our to their specific .

We are for Peblo's business and we look forward to continuing to help him grow his business.

If you are an client and you are looking for help with your financial management, please contact us today.

➡️We would be happy to discuss your needs and see how we can help you succeed.💼
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🌐 Are you ready to embark on your entrepreneurial journey in the dynamic Indian market? 🚀

Avoiding common pitfalls is crucial to a successful company incorporation process. 💪

📝 Our latest blog highlights the most critical mistakes to steer clear of when incorporating your company in India. 🚫✋ Don't let these missteps hinder your progress!

Read this blog (https://bit.ly/3Wu3Hjs) to equip yourself with the knowledge and insights you need for a smooth journey in . 🌐📚

𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐚𝐥𝐥 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚❗

Are you making these common accounting mistakes that could hinder your success in the Indian market❓

Navigating the accounting landscape in a foreign country can be challenging, especially when it comes to complying with local regulations.

If your organization is operating in India, it's crucial to be aware of common accounting pitfalls to ensure smooth financial operations.

Let's explore some mistakes where foreign companies often stumble:
👉Misinterpreting Indian accounting standards
👉Disregarding tax laws
👉Failure to comply reporting requirements
👉Mistakes in payroll and employment regulations
👉Mismanagement of Foreign exchange regulations
👉Lack of understanding of local compliance requirements
👉Failure to comply with transfer pricing regulations

By understanding and proactively addressing these common accounting mistakes, foreign companies operating in India can enhance their financial compliance, mitigate risks, and build a solid foundation for long-term success.

➡️ Write down in the comment in which area you are struggling the most❓

𝗟𝗲𝘁’𝘀 𝗵𝗮𝘃𝗲 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻!
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