Tax Compliance Review (TCR) is an audit of the compliance requirements of tax laws covering besides correct payment of taxes and duties, complete availment of concessions, benefits, subsidies, exemptions and credits. TCR of is a mechanism to ensure correct payment of taxes and helps businesses devise sound strategies for smooth functioning within the framework of different laws. In most businesses, in-house expertise is not sufficient to achieve these objectives. Fortified by a strong background in tax laws and litigation, Lakshmikumaran & Sridharan undertakes high-quality Tax Compliance Reviews for clients.
TCR enables clients to maximize benefits, identify opportunities and exposures for taking corrective action. It ensures correct payment of duties/taxes, assessment of the training requirements and changes required in the business processes. The TCR team works closely with clients to understand their particular needs and deliver specific solutions.