Elucidating the Concept of Direct Tax Due Diligence
In today's changing business dynamics, entrepreneurs and business houses are increasingly aiming for inorganic expansion as a way to thrive in the competitive environment. Consequently, the need for due diligence is increasingly realized.
Direct tax due diligence, as the name suggests, involves appraising and evaluating the tax environment of an entity. The essay covers the need for tax due diligence in today's scenario, varied forms of Direct Tax due diligence ranging from high level review to comprehensive review, procedure for conducting tax due diligence, including the documents to be reviewed. The article also touches the key points which should be considered while conducting a Tax due diligence and while reporting to a foreign management.