Transaction Advisory

Know what you're
getting into — before
you sign.

Financial and tax due diligence that surfaces real risks, hidden liabilities, and valuation gaps before a deal closes. Practical, focused, and delivered on your timeline.

Diligence Scope

What we review.

Our diligence scope is tailored to the transaction — but typically covers these core areas.

📊
Financial Diligence

Review of historical financial statements to assess quality of earnings, identify one-off items, and validate revenue and margin trends.

  • Quality of earnings analysis
  • Revenue and margin verification
  • Working capital normalisation
  • Off-balance sheet liabilities
  • Related party transaction review
🧾
Tax Diligence

Assessment of income tax, GST, and TDS compliance history to identify pending assessments, open demands, and contingent liabilities.

  • Income tax return review (3–5 years)
  • Outstanding demands and appeals
  • GST compliance health check
  • TDS compliance verification
  • Transfer pricing exposure
📋
Compliance Diligence

Review of statutory registrations, ROC filings, and other regulatory compliance to identify gaps that could affect deal completion or valuation.

  • ROC annual filing status
  • Licenses and registrations
  • Labour law compliance
  • FEMA / RBI compliance
  • Environmental clearances
Is This For You?

Who needs due diligence?

You should get diligence done if you are:
  • Acquiring a business or taking a significant stake in a company
  • A promoter bringing in a strategic investor or PE fund
  • A lender requiring independent financial assessment before sanctioning credit
  • Entering a joint venture or long-term business partnership
  • Buying out a partner or co-founder from an existing business
You may not need formal diligence if:
  • You are acquiring a very small business with no complex history
  • You have already completed detailed diligence through another advisor
  • The transaction is between close family members with full financial transparency
  • You need only a quick informal opinion rather than a structured report
Our Process

How a diligence engagement works.

01
Scope & NDA

We agree the scope of review and execute confidentiality agreements before any data is shared.

02
Data Room Review

We share a detailed information request list and systematically review all documents provided.

03
Management Discussions

We discuss findings with management to clarify questions and validate our understanding.

04
Findings Report

A clear report highlighting key risks, red flags, and recommended deal adjustments is delivered.

Common Risk Areas

What we typically find.

These are the most common issues surfaced during diligence — many are fixable, but all affect valuation.

Risk Area
Frequency
What We Do
Understated liabilities or accruals
Common
Adjust working capital computation
Pending income tax demands / appeals
Common
Quantify contingent liability
GST ITC mismatches and demands
Common
Flag in tax diligence report
Related party transactions at non-arm's length
Moderate
Adjust normalised EBITDA
TDS defaults or short deductions
Moderate
Estimate interest and penalty exposure
Overdue ROC filings or MCA penalties
Less Common
Recommend cure before deal closes
Get Started

Planning a transaction?
Let's talk before you sign.

Tell us about the deal — size, sector, and timeline — and we'll advise on the right diligence scope and turnaround.

Reach us directly
  • 📍Gurgaon, Haryana
  • 📞+91 98765 43210
  • 📧info@vishalgoyal.co.in
  • ⏱️Response within 1 working day
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