Manufacturing
Inventory valuation, cost accounting, capital allowances and an input tax credit chain that runs across states.
Industries
Co-operative & Housing Societies
Statutory audit under co-operative law, mutuality, redevelopment transactions and member-facing governance.
Overview
Co-operative housing societies are among the most common entities in Maharashtra and among the least well advised. Redevelopment in particular raises questions on taxability of corpus and rent compensation that are routinely got wrong, and the amounts involved are substantial.
What comes up
Issues we are asked about
- Statutory audit under the applicable co-operative societies legislation
- Principle of mutuality and taxability of member receipts
- Redevelopment: corpus, rent compensation and transfer taxability
- Transfer fees, premium and non-occupancy charges
- Sinking and repair fund accounting, and managing committee governance
Other sectors
Also frequently asked about
Technology & SaaS
Revenue recognition over time, export of services, ESOP accounting and cross-border withholding.
Financial Services
Regulatory reporting, expected credit loss, capital adequacy and a control environment under close supervision.
Advice for co-operative & housing societies
Tell us what you are dealing with and we will point you to the person who knows the sector.