In this article, we will present India’s best Tax & Accounting, and Legal firms.
INDIA, COUNTRY PROFILE
India is the seventh-largest country by area, the second most populous, and the largest democracy in the world. It is located in Southern Asia. It is the fifth-largest economy in the world by nominal GDP and the third-largest by purchasing power parity. From 1947 to 1991 India practiced a protectionist economic policy with extensive state intervention. In 1991, India adopted a broad liberalization of economic policy which saw many multinational companies establishing their base in India.
The long-growth perspective of India remains positive due to its young population and corresponding low dependency ratio, health savings, and investment rates.
| Year | Indian Exports | Indian imports | Total Trade |
| (in USD Million) | (in USD Million) | (in USD Million) | |
| 2015 | 364.9 | 213.4 | 578.3 |
| 2016 | 382 | 186.1 | 568.1 |
| 2017 | 437.3 | 229 | 666.2 |
| 2018 | 459.2 | 277.5 | 736.7 |
| 2019 | 489.6 | 254.5 | 744.1 |
| 2020 Jan-July | 260.9 | 137.4 | 398.4 |
India and Hungary have shared a close diplomatic bond since 1948. Let’s take a close look at India as a country and the economic relations between India and Hungary. India has invested 2 Billion $ in Hungarian companies. The two countries have collaborated in various areas such as healthcare, education, research agriculture, pharmaceuticals, and information technology. In the table below you can find the bilateral trade between the two countries.
INDIA AS AN INVESTMENT HUB
Source: investindia.gov
In the Fiscal year of 2020-2021, India attracted the highest-ever Foreign Direct Investment (FDI) in the country’s history. Additionally, India has the highest youth population in the world which is expected to rise by 2030. India is home to people consisting of high skills and knowledge about their respective fields. The Indian government has a liberal approach towards its Economic policy which is a major advantage for a foreign company to carry out its task without any major government intervention. India has jumped from 142 (in 2014) to 63 (in 2019) in the World Bank’s Ease of Doing Business Index. One of the major attractions of multinational companies towards India is that they have to pay low wages to skilled workers compared to other countries.
best TAX And ACCOUNTING FIRMS in india
- R. Arora & Associates (New Delhi)
Founded in 1985, R. Arora & Associates is a Chartered Accountancy company that consists of specialized experts who offer their services such as Accounting, Business Advisory, Auditing, and Taxation. Apart from New Delhi, the firm also has branches in Ludhiana and Chandigarh. The firm has been engaged in Statutory and Internal Audits of both public and private limited companies, including nationalized and listed companies.
- Khimji Kunverji and Co. (Mumbai)
KKC was established in 1936 and spread its wings in the city of Ahmedabad and Banglore. It is led by 13 members and has over 200 employees. KKC offers its services to large Multinational Companies, Small and Medium Enterprises and Owner Managed businesses. It provides expertise in the area of Accounting and Business, Auditing, Tax, and Regulatory and Assurance.
- J. Mandal & Co. (Noida)
JMC was founded in 1956 by Mr. Mandal. The firm has 9 partners led by a team of Chartered Accountants, MBA, Company Secretaries, and Cost Accountants. JMC provides services in Taxation, Auditing, and Business Advisory. JMC also has a branch in Kolkata.
- KC. Mehta and Co. (Vadodara)
KC. Mehta and Co. have its base in Vadodara, Gujarat. It has been named one of the leading Tax firms in 2018 by International Tax Review in its publication. It provides services in Management Audit, Corporate Tax, International tax, Statutory Audit, and Mergers and acquisitions. It has been present for over five decades and believes in high ethical standards.
- Vikas Kochhar and Associates (New Delhi)
It’s a leading chartered accountancy firm based in India. The firm provides a wide range of services, including audit and assurance, taxation, accounting and bookkeeping, financial advisory, and business consulting. The firm’s clients include multinational corporations, small and medium-sized enterprises, and high net worth individuals. Vikas Kochhar and Associates’ financial advisory and consulting services include business valuations, mergers and acquisitions, due diligence, and financial restructuring.
best LEGAL COMPANIES IN INDIA
- O.P. Khaitan & Co. (New Delhi)
O.P. Khaitan & Co. is a highly reputed and skilled law firm based in New Delhi. It is a member of an International network of leading law firms via which it has access to 5500 lawyers in 70 countries. Due to its good network globally, O.P. Khaitan & Co. is a part of Advoc Asia Network which gives access to legal information in other jurisdictions.
- Sarin Law & Co. (Chandigarh)
Sarin Law & Co. is one of the oldest and leading law firms in India. It was established by the Late Mr. Harbans Lal in 1932. The firm’s expertise includes advising foreign clients who are looking to Invest in the Indian business with special emphasis on the financing of Inter-alia aircraft assets. The firm also focuses on litigation which is still practiced in India and also advises International corporations who are looking to set up their base in India.
- AZB & Partners (Mumbai)
AZB & Partners was established in 2004 by Ajay Bahl, Zia.J.Mody, and Brahman N Vakil. It provides its expertise in Banking & finance, capital markets, and many other areas of Law. In 2022 it was awarded a ‘Band 1 Firm for Banking & Finance, capital markets, Antitrust Competition and Dispute Resolution, and International & Cross-border capabilities.
- Verus Advocates (New Delhi)
Verus Advocates is a mid-sized law firm established in 2011 providing legal services to MNCs and start-ups, banks, financial institutions, and apex government organizations. The Firm and its partners are involved with diverse PSU and governmental organizations such as the Competition Commission of India, the Telecom regulatory authority of India, and Coal India Limited. It was awarded IBLJ Best New Law Firm in the year 2012, and IBLJ Rising star in 2018.
- Abacus Legal Group (Mumbai)
It’s a law firm based in Mumbai, India, that provides a wide range of legal services to clients in India and around the world. The firm has a team of experienced lawyers who are well-versed in Indian laws, regulations, and business practices. Abacus Legal Group’s areas of practice include corporate and commercial law, intellectual property law, litigation and dispute resolution, and real estate law. The firm serves clients from various industries, including technology, healthcare, retail, hospitality, and financial services. The firm’s corporate and commercial law practice covers a range of services, including incorporation and registration of companies, joint ventures, mergers and acquisitions, and corporate restructuring. Abacus Legal Group’s intellectual property law practice includes trademark, copyright, and patent registration, as well as enforcement of intellectual property rights.
On our Tax and Legal Explorer database, you can easily contact all of the mentioned companies and send them a quote request: https://taxandlegalexplorer.com/.
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