Comprehensive review of tax records and compliance history to identify risks, exposures, and potential liabilities.
Tax due diligence is an in-depth review of an entity’s tax compliance status, records, and filings to identify potential risks and exposures. It is commonly conducted during mergers, acquisitions, or investment transactions but can also be useful for internal governance and risk assessment. Pratik Janrao & Associates provides tax due diligence services to help stakeholders make informed decisions.
Scope of Services
Review of Direct Tax Compliance
Examination of income tax returns, assessments, and correspondence with authorities.
Verification of advance tax, TDS, and other statutory payments.
Review of Indirect Tax Compliance
Analysis of GST returns, input tax credit reconciliation, and related documentation.
Verification of compliance with older indirect tax regimes, if applicable.
Assessment of Contingent Liabilities
Identification of potential exposures arising from pending assessments or litigation.
Review of notices, demands, and appeals.
Transaction-Specific Review
Evaluation of tax implications in mergers, acquisitions, and restructuring.
Verification of compliance in cross-border transactions, if applicable.
Objectives
To provide an independent assessment of tax compliance status.
To highlight risks and exposures that may impact future operations or transactions.
To support informed decision-making for investors, management, and other stakeholders.
To ensure transparency in financial reporting and negotiations.
Our Approach
The tax due diligence process at Pratik Janrao & Associates involves collecting relevant records, reviewing filings, and analyzing compliance history. Findings are documented in a structured report that highlights risks, exposures, and corrective measures. The approach emphasizes objectivity, accuracy, and clarity to enable stakeholders to take well-informed decisions.
