"Tarun Kumar Madaan is a qualified Chartered Accountant with extensive expertise in taxation. He specialises in consulting services to startups and NGOs in India, helping them navigate complex tax laws. With years of experience as an advisor to various startups and NGOs, he has assisted them in their setup, tax function, due diligence, and fundraising. He regularly contributes articles on Income Tax issues to various publications and speaks at various events. He has obtained a Diploma in International Taxation from ICAI and a commerce degree from Panjab University, Chandigarh. He is also a co-author of the highly acclaimed book 'Trusts & NGOs Ready Reckoner' and has contributed to the widely regarded book 'Master Guide to Income Tax Act'."
Ensure compliance when filing Form 10BD for NGO donations under Section 80G. Learn about certificates, filing considerations, revisions, and submission methods for smooth operations.
Annual Information Statement (AIS) is a comprehensive view of information for a taxpayer displayed in Form 26AS. Taxpayer Information Summary (TIS) is an information category wise information summary for a taxpayer.
After the announcements made in the Finance bill 2017 it is important to discuss the comparison between an LLP and Private limited company from a taxation point of view.
Trust, Society and Section 8 Company can seek registration u/s 12A to claim exemption under provisions of Income Tax Act’1961, if certain conditions are satisfied. Section 12A deals with registration of trust and section 12AA deals with procedure for registration of trust.
In India, the system of direct taxation as it is known today has been in force in one form or another even from ancient times. In this article, we are discussing how the Income Tax evolved over the time in India.
Many of us got so confused after hearing the name of ‘Business Trust’. There are so many doubts in the mind of people relating to this concept. Hence today I am come up with this most demanded topic of Business Trust.
In this article I am going to discuss Taxation of Business Trust in India. Concept of Business Trust was introduced vide Finance Act, 2014. The Finance Act, 2014 has put in place special taxation regime in respect of Business Trust.
Resident welfare association (RWAs) is categorized as Association of Persons (AOP) under Income Tax Law. They act as the voice of their members and not only take care of ensuring good maintenance of the place but also represent members when and where needed on matters related to the place. Theses associations run on subscriptions obtained […]
Contribution towards Provident Fund is one of the area, which requires due consideration of Auditor while conducting Tax Audit. In industry, there are some confusions regarding the treatment of Contribution towards Provident Fund. Through this Article, I am trying to interpret the intent of the Act with regard to these provisions. Employer’s Contribution As per […]
The approach of the government towards the NGO sector used to be lenient but today the position is changing as the government is tightening the laws and regulatory controls over NGOs every other day. It has to be appreciated that NGOs play an important role in the society and the income of these institutions is […]
