Manufacturing
Inventory valuation, cost accounting, capital allowances and an input tax credit chain that runs across states.
Industries
Not-for-Profit & Social Sector
Registration and exemption conditions, foreign contribution rules, grant utilisation reporting and donor assurance.
Overview
Exempt status in the social sector depends on continuing compliance rather than a one-time registration, and the conditions attached to foreign contributions are strict on both use and reporting. Donors increasingly ask for assurance at a level close to a commercial audit.
What comes up
Issues we are asked about
- Registration and renewal of exemption approvals
- Foreign contribution receipt, utilisation and reporting
- Grant-wise utilisation and donor reporting
- Corpus, restricted and unrestricted fund accounting
- Application of income and accumulation conditions
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 not-for-profit & social sector
Tell us what you are dealing with and we will point you to the person who knows the sector.