How A Professional Financial Consultant Can Direct Your Business Growth?
India is one of the largest economies in the world and one of the most prominent markets for start-ups and businesses. While manufacturing, banking, steel, investment, retail, pharma, infrastructure, agriculture, engineering, and telecommunications are the top industries in India, finance is the core of all of these. Hence, it has become important to create a structure and understand the system for handling such a huge amount of money received from diverse sources.
A financial consultant acts as a financial guru to ensure that your business is fit to be able to survive the tough competition and inconsistent market. Let's understand how a financial consultant can direct your business growth and further how it can prevent your business from turbulence especially in the Indian current situation.
Let's understand this in the light of India's current situation related to tax and investment. Recently, Union Budget 2019 has presented some conditions that financial consultants tend to share their opinions on. While the Government of India concerns deficit, the financial consultant's advice will help you make the best decision.
Tax: While agreeing with the financial conditions of the country, ITR filling is one of the options that a professional financial consultant would advise businesses. Small companies, start-ups or businesses in unorganized sectors usually find ITR filling process difficult to understand or lack the resources to fill their income. Budget 2019 has made sure that the second reason is avoided as Aadhar card number, a common identity number for citizens of India can now be used instead of PAN card number.
Share Market: Share market has experience as great turbulence due to the Union budget which affected various stocks and its prices. From Buyback rates to import and export policies, the inconsistent prices of stocks have showcased a solid need for a professional financial consultant for various industries.
Laws will update and impact the world economy with legal, financial and other turbulences. None of these situations can be avoided but with the guidance of a professional financial consultant, the growth of your business can be directed smoothly.