We have a maze of ever-changing Indian tax laws & procedures. Threelayers of multiple taxes. Central, State and Local legislations.Occasionally they overlap. Exemptions and incentives are granted toprovide relief to targeted segments. Are you sure that yourorganization is getting all this correct?

1How do you know you are paying your taxes correctly? That is, neither paying MORE,

nor LESS!

2How are you sure you are enjoying all the legitimate tax benefits available? When

was the last you checked / got to know this?

3Have you had any tax surprises? When do you get to know about tax non-compliance,

upcoming tax bumps / risks in compliance and tax fatalities!

4What kind of checks and controls are in place to monitor and ensure that tax

processes work well? When was the last you saw a report on this?

5

If tax activities / processes are outsourced, what are the accountabilities? Is there an

ideal balance where activities are outsourced but not the controls creating risks &

dependence ?

6

Do you have the right tax infrastructure? A competent and alert team aware of legal

and procedural changes steering the business while anticipating & averting financial

and operational risks, a robust system and processes to prevent risks?

7When things go wrong, is it easy to fix accountability? Or is it a blur? Remember any

such instance?

These are just seven simple questions. But its worth seeking honest answers!