A leading SEBI-registered Category III Alternative Investment Fund (AIF) engaged with Grant Thornton Bharat to automate its tax computation and reporting processes.

By replacing manual calculations with a customised automation tool, the client achieved 100% accuracy, reduced compliance risks, and significantly lowered operational costs.

The challenge

How can an AIF ensure accuracy in tax computation and investor allocations while reducing manual effort?


The client relied on manual calculations of total income from trial balance data, which often led to missed income ledgers, inaccurate tax computations, and errors in allocations to investors. These inefficiencies resulted in significant financial exposure, with annual tax costs ranging between INR 10 lakhs and over INR 1 crore. The lack of automation also delayed reporting and increased risks during tax scrutiny.

How we helped

Building a customised automation tool for accurate tax processes

Grant Thornton Bharat analysed the client’s approach and benchmarked it against market practices to identify gaps. Working closely with our in-house IT team, we developed a bespoke automation solution that intelligently tagged all relevant income ledgers in the trial balance and automatically computed total income, including capital gains. The tool eliminated manual intervention, ensured accurate investor allocations, and maintained proper documentation to support tax compliance.

The results

Automation delivers accuracy, efficiency, and compliance confidence

The new tool ensured 100% accuracy in income and tax computations while providing comprehensive documentation for scrutiny. Manual errors were completely eliminated, and processing time was reduced drastically with quick, one-click report generation. The client now benefits from streamlined tax processes, faster turnaround times, and measurable cost savings, strengthening both operational efficiency and compliance assurance.

Automation is not just about efficiency—it is about creating accuracy, transparency, and confidence in compliance-heavy sectors like asset management. By combining tax expertise with technology, we helped our client transform their tax processes.
Paresh Kubadiya Director – Asset Management, Grant Thornton Bharat

About our team

Our Asset Management Tax and Regulatory solutions are designed to help funds and investment managers navigate the evolving tax and compliance landscape with confidence. We provide expert tax advisory services to clients across various industries, assisting them in developing bespoke tax-planning strategies tailored to their specific business structures. Our solution-oriented approach enables clients to understand and mitigate the tax challenges businesses commonly face. Whether you're setting up a new business, launching a fund to raise investments, seeking advisory on fund management, ensuring tax and regulatory compliance, or automating key processes, our experienced professionals are equipped with the right solutions. We help you navigate complex tax laws, minimise tax liabilities, optimize financial decisions, obtain regulatory approvals, representation before tax authorities and ensure full compliance—empowering your journey toward operational excellence and business growth.