Constant Tax and regulatory changes in India are challenging Indian and Multinational companies to stay on the top. The companies should be well educated in terms of the tax and regulatory issues they are facing from their operations and investment strategy, changes which have occurred due to the change in the business structure and geographical expansion. Compliance’s across all taxes, accounting and tax reporting has become increasingly complex. Presently companies are struggling with diversified reporting requirements while driving value out of their tax and finance functions. Many companies are migrating to domestic and global compliance and reporting by taking a closer view at their technology, process, resources and service providers. Leading team of tax professionals are using outsourcing as critical part of the tax strategy and as a better measure to align the tax investments and use the talent to achieve the organizational goals The main object of the of the Corporate Tax and Regulatory compliance is to shift the focus from micro issues such as tax assessment containing audits and procedural compliance’s to issue based and concept based reviews.