Income Tax Review/ Due Diligence Services

One of our forte or emphasis area is services in relation to Income Tax Review of Corporate Organizations. The exercise involves an in depth study and a holistic look of the direct tax facet of an organization thereby resulting in identification of value addition areas & refunds from the past and ongoing and future optimization of direct tax outflow of the company within the four corners of the law. Across our client list we have a proven precedent in bringing effective tax rate to a large extent through rightful tax payment viz. claiming all possible due benefits and deductions, and withdraw from unwarranted litigations. We operate in a collaborative model in tandem with clients in-house tax team to identify the untapped areas of tax planning and support them in bringing increased tax efficiency for current, future and previous years. Our approach though is “out of box” & ranges from prudent to moderate. We firmly believe in end to end execution of our ideas and the same either have precedents or are approved and validated by senior counsels in the field.

The aforesaid unique review assignment involves the following steps:

Examining the present tax status and proceedings.
Identifying the areas of tax planning which have not been explored or thought of resulting in savings for the past, current, and for the years to come;
Presenting the findings of the review to the management in the form of a report clearly providing the basis and merits of each claim and the quantification thereof backed by judicial precedents on the claims identified.
Discussing with the management, in house tax team, tax consultants and counsels the review findings and getting their approval and views on the same.
Handholding and Implementation of the Review Findings by way of a retainership arrangement in a time bound manner so as to ensure that what has been visualised is actually realised.
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