Author
Naman Gangwal
Co-Founder · CA, CPA
128 articles by Naman Gangwal, newest first.
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Articles by Naman Gangwal
Estate Planning Services in India and the United States – A Comprehensive Guide for Your Financial FutureEstate planning is the process of preparing for the transfer of a person’s wealth and assets after their death. It involves a range of legal and financial activities that can help individuals ensure their assets are distributed as they wish, while minimizing taxes and other costs. Estate planning is important for people of all ages, […]Read the article Why India-based AIF needs to register with IRS – Understand Tax Implications, Legalities & Registration ProcessAlternative Investment Funds (AIFs) with a base in India have grown significantly in popularity in recent years, offering investors a fresh means of diversifying their assets and gaining access to new investment opportunities. However, given the popularity of this investment vehicle, AIFS must understand the related legal and tax implications. Registration with the Internal Revenue […]Read the article Unlock Tax Benefits and High Returns with a Gift City Fund for HNIs: A Professional Investment VehicleThe Gift City Fund is a special purpose vehicle (SPV) set up under the Indian Companies Act 2013 that enables HNIs to invest in overseas markets and enjoy the benefits of global exposure. This fund is managed by a professional fund manager and is subject to Indian regulations. The fund is registered with the Reserve […]Read the article Confused About Where to Incorporate Your Business? Help is hereHaving a choice is a luxury. This luxury is not restricted to when you go shopping for clothes, watches, and cars. You can also choose which state in the US to incorporate your business in! You could incorporate your business in your home state, or you could incorporate it in a business-friendly state. Each and […]Read the article The Conundrum of PFIC ReportingA Passive Foreign Investment Company, or a PFIC, is a corporation that is located overseas and satisfies one of the following two criteria: What is a PFIC? At least 75% of the corporation’s gross income is passive i.e. not from regular business activities At least 50% of the company’s assets are investments, which produce income […]Read the article How to be Candid with the IRS About Your Stocks in a Foreign CorporationOwning shares in a foreign corporation is a gratifying and fruitful experience. You can indirectly be a part of economic growth in any part of the world. The IRS, however, requires you to let it know about these investments so that it has a record of which US taxpayers have ownership in foreign corporations. The […]Read the article Selling Remotely? Check on your sales tax obligations!A big change that has been happening since 2020 in the business domain is in the area of sales. Remote selling has become a key aspect of expanding and maintaining operations. For B2B buyers and sellers, 90% of all transactions have become remote. What is remote selling? It is when marketing and sales happen through […]Read the article A Tutelage in Transfer PricingBenchmarking is a key concept that allows companies and businesses to adapt, grow and thrive. Important metrics pertaining to the business are compared to understand where the business/company needs to change in order to be on par with the best in the field. Benchmarking is also a crucial subset within Transfer Pricing. What is Transfer […]Read the article How to Keep Your Business Safe From Money-LaunderingThe FATF (Financial Action Task Force) defines Money laundering as “the processing of the criminal proceeds to disguise their illegal origin” Money is laundered by introducing illegal profits into the financial system. After that, they are channeled into purchasing various investment instruments. It is estimated that roughly 2 trillion is laundered through financial systems every […]Read the article A Guide To Choosing The Best Home For Your Holding CompanyWe have all heard of Alphabet in the news, often in conjunction with Google. Alphabet is essentially a holding company, and it is the parent company of Google. Apart from Google, Alphabet also has other subsidiaries like Waymo, Verily, Fitbit, and even YouTube. But what is a holding company and what purpose does it serve? […]Read the article Strategize your retirement with these tax plansYou have worked hard to build your big American dream. You have given your children a good childhood and sent them off to premier universities. And now, it’s time for you to retire. But taxation does not care much about your retirement. How do you maintain the life that you have so painstakingly created for […]Read the article Delaware: A corporate HavenCountry director of Grant Thornton India Pvt Ltd, Khozema Anajwalla once said that due to a friendly business approach about 95% of Fortune 500 companies are incorporated out of Delaware. ORIGIN At the end of the 19th century, New Jersey decreed corporate-friendly laws so that it can attract business from New York. Following its footsteps, […]Read the article Getting in the crosshairs of cross-border ESOPsOne of the biggest promises made during elections – US or India- is to make things easier for the common man to have his own business. One-window clearance, ease in obtaining credit and a simplified exit policy are all driving factors that have led to a colossal increase in the number of startups in both […]Read the article Family Estate Planning Services in India and the United States can indeed incorporate provisions for plants.Estate planning is the process of arranging for the distribution of your assets and the management of your affairs after your passing. While estate planning primarily focuses on financial assets, it can also encompass personal property, including plants such as terarium plants. In both India and the United States, there are legal mechanisms and strategies […]Read the article A guide to disclosing foreign assets without a sweat with the IRSThe Foreign Account Tax Compliance Act (FATCA) has been introduced in the U.S attempts to combat the evasion of tax by U.S taxpayers who are holding assets offshore. Internal Revenue Service has made the compliance of foreign accounts and assets a priority with FATCA reporting. Programs such as Voluntary Disclosure Procedures and Streamlined Filing Procedures […]Read the article