Hi All, Good news, the hearing for Tax Exemptions is done successfully. Congrats to TMAD :). Today we completed our hearing and the Income Tax Exemptions officer was convinced with our activities.
There is a slight cliche in this we are sure of getting our group registered u/s 12A, but for 80G we have to wait till we get the communication from the Income tax office. Our application is for both but there is a possibility to just give 12A and ask us to reappear for 80G. That should not be a problem as getting 12A is the major step. It had been few tough days to be able to complete the documentation required, which was distributed over the last 2 weeks. Some of the tough days were due to my foolishness ;).... (its a secret :p) But there were certain lessons that we have learnt in this and I would be mailing in detailed on this, as going forward we need to make sure that we document all the details properly. It had been a strenuous effort by Prasanthi to dig out the details from mails and then compile them as well. So we will prepare a template sort of thing where in we will have to put all the details for every activity that we do and also will post on the receipts that we need to collect for the payments that are done from us. For today this is it will have a very relaxed sleep today :). Thanks a lot to 1. Prasanthi for her relentless effort in gathering the details required and providing them till late in the night. As a matter of fact one of the days I told her to give me the details and I slept off peacefully :p 2. Sarat for getting us the bank statements, whenever we required and for a long drive to Ghatkesar to get the Fee receipt of Swathi after a night shift. 3. CA - Govinda Raju - He has been guiding us in the entire process, for preparing the balance sheets and providing us templates. 4. Vani - Coming along to get the docs and assisting me while arranging the docs... And to myself :D Enjoy, Chaitanya
