Author
Naman Gangwal
Co-Founder · CA, CPA
128 articles by Naman Gangwal, newest first.
About the author
03
Articles by Naman Gangwal
Filing ITR? Know this about tax scrutinyThe Oxford Dictionary defines scrutiny as “careful and thorough examination”. If you add the word ‘tax’ before the word ‘scrutiny’, the words together evoke goosebumps in anyone who files his taxes. It evokes a sense of fear and panic as the layman thinks that the officials want to conduct a raid or a search. However, […]Read the article Are you a business holding crypto assets? Here is how to conform to the American and Indian frameworks while disclosing them.History has shown us that with growing times there is growing acceptance. A recent addition to that list has been crypto assets–asset-backed tokens, security tokens, Initial Coin offerings, stablecoin, cryptocurrency, utility tokens, NFTs, and everything else under the blockchain umbrella. Despite the volatility and the price surges, the blockchain tech underlying crypto has become a […]Read the article The Equalization levy –a snag or a solution?The early 2010s witnessed a drastic upswing in the number of e-commerce websites in India. From the American MNC, Amazon, launching its e-commerce operations in India in 2013 to the homegrown Nykaa in 2012, the number of e-commerce marketplaces has only increased with every passing year (The digital economy is said to be increasing at […]Read the article Tax Relief on income from FRAThe rise of the Silicon Valley in the US saw a lot of Indians move base in search of a better and brighter future. After securing their and their family’s future, these individuals are now repatriating back to their homeland after retirement. Generally, Indian residents are taxed on worldwide income. An individual who is an […]Read the article Insights into reporting foreign assets in your ITRIn 2016, the Panama Papers took the world by storm. The Panama papers were essentially leaked documents that contained names and financial information of celebrities, business people, government officials, etc. who had offshore entities for the purpose of evading taxes. And out of the thousands of names released, 500 were Indians. These 500 Indians were […]Read the article The EB-5 and LRS combination for IndiansEB-5 is an Immigrant Investor program (employment-based fifth preference visa) created in 1990 that provides a legal path for immigrants to become lawful permanent residents i.e. Green Card holders. Under this program, the individual needs to invest in a commercial enterprise / for-profit activity that also creates or preserves 10 full-time permanent jobs in […]Read the article What is an EIN and how to apply for it?Every firm should obtain an Employer Identification Number (EIN). You can keep your personal and business finances separate with these nine-digit ID numbers. It may seem like a waste of effort to acquire an EIN for a single proprietor, but its advantages far exceed the time it takes to get one. To identify a business, […]Read the article Is it possible to start to incorporate a company in the USA from Anywhere?The United States has been a popular choice for many individuals who want to start a company. People from other countries are more likely to open a company in USA because of this. In addition, the process of starting a business in USAfrom other companies is significantly more convenient. As a non-resident of the United […]Read the article Filing 2021 returns – US expat editionAmerican citizens and Green card holders living overseas need to file their tax returns just like other Americans would. It does not matter where they draw their income from, the taxes must be filed! Here is what such expats should pay heed to while filing their 2021 returns in 2022. Whom do these apply to? […]Read the article A short lexicon of Taxes to keep in mind during RetirementIt is said that an hour of planning can save you 10 hours of doing. Just like tax planning is crucial every year, it is also important that one plans for one’s retirement. It is never too soon or too late to do your retirement planning. It is a continuous process that will reap its […]Read the article The tax benefits a baby brings.Every time a baby is born, friends, family, and close ones rush to buy gifts – clothes, essentials, toys and whatnot. But what is the biggest gift that new parents can get? Tax benefits. Yes, with all the joys and the sleepless nights, new parents also get to save some money! This is particularly beneficial […]Read the article Drop everything and read about Airdrops!The world of blockchain and cryptocurrency continues to evolve even as you are reading this. With it comes new terms that you would have never heard, seen, or read before – terms like DeFi, ICO, and NFT. Or terms that could have meant one thing in the real world, and mean something else entirely in […]Read the article A user’s guide to crypto walletsUkraine’s official twitter-handle tweeted, “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum, USDT.” And then it gave out the crypto wallet addresses. Within a matter of a few hours, the wallet had received over $4million in cryptocurrency. This was done in light of the recent invasion of Ukraine by Russian armed […]Read the article 14 Changes for The 2021 Tax YearA lot of changes have happened in the past couple of years. It could have been either because of the pandemic or because of technological advancements. Tax laws are no exception. The pandemic was financially tough on everyone. Hence, the US government introduced changes that were applicable to the 2021 tax year that helped people […]Read the article A US expat’s guide for filing taxesA Tax Guide for US Citizens Living Abroad No matter where you live, Algeria or Zimbabwe, if you are a US citizen or a Green Card holder, US taxes will always be by your side (Best love story ever?). If you are a US citizen and you earn a personal income while living anywhere but […]Read the article