Strategic Approach helped obtain 80G Tax Exemption

2016-19

Background

Tax advisory to NGOs has attained important area in our service practice.

With more than a dozen NGOs being our clients, We have raised our service standard, even higher, to ensure our clients get the best advisory than their contemporary and are able to channelize more resources for the social upliftment.

Problem

This NGO’s Tax Exemption was declined twice by the Tax Authorities owing to negligence by previous Tax Consultant. Records and documents were poorly presented and consultant’s inability to demonstrate Trust’s work in its Application and Financial Statements costed dearly to the client.

The management was worried as, without the Tax Exemption, donors and Trustee may loose confidence and entire vision may come to ground.

The Foremost objective was to obtain Tax Exemption for the NGO to sustain its future.

Assignment was challenging and our reputation was at stake.

Solution /Approach

Our Team did a thorough evaluation of current state of affairs and stratagised an approach which spanned over 18 months. Initial 8 months were spent in re-organising the current processes including Accounting & Bookkeeping, payroll and tax filings. Detailed documentation was compiled with management’s support in a manner understandable for the Tax Authorities.

In 10th Month of our approach, the application for Tax Exemption was filed, which was successfully granted by the authorities 5 months later.

It was a big achievement for us and for client both.

Background

Tax advisory to NGOs has attained important area in our service practice.

With more than a dozen NGOs being our clients, We have raised our service standard, even higher, to ensure our clients get the best advisory than their contemporary and are able to channelise more resources for the social upliftment.

Problem

This NGO’s Tax Exemption was declined twice by the Tax Authorities owing to negligence by previous Tax Consultant. Records and documents were poorly presented and consultant’s inability to demonstrate Trust’s work in its Application and Financial Statements costed dearly to the client.

The management was worried as, without the Tax Exemption, donors and Trustee may loose confidence and entire vision may come to ground.

The Foremost objective was to obtain Tax Exemption for the NGO to sustain its future.
Assignment was challenging and our reputation was at stake.

Solution / Approach

Our Team did a thorough evaluation of current state of affairs and stratagised an approach which spanned over 18 months. Initial 8 months were spent in re-organising the current processes including Accounting & Bookkeeping, payroll and tax filings. Detailed documentation was compiled with management’s support in a manner understandable for the Tax Authorities.

In 10th Month of our approach, the application for Tax Exemption was filed, which was successfully granted by the authorities 5 months later.

It was a big achievement for us and for client both.

What the client said

It has been a wise choice to engage Xpert Consulting for Tax advisory. We were not only able to obtain Tax Exemption for our Trust from their advisory and professional Help but also our Accounting, bookkeeping, payroll processing and Regulatory compliances were so much streamlined and simplified. Our Trust was able to garner greater donor confidence and able to channelise greater resources, through Xpert Consulting’s help.

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