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CA Prasad Chartered Accountant

CA Prasad Chartered Accountant
CA Prasad is a practicing Chartered Accountant and partner in Bangalore -based CA Firm. For further information or query, please email it to [email protected]

Union Budget 2018 – a brief write up

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You would have got many mails or pdf documents covering the highlights of the Union Budget 2018. Hence, I chose to write only the important points here # 1 – Salaried employees – Currently, Rs.15000 per year towards medical reimbursements and Rs.1600 per month towards travelling allowance is available as ...

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TDS on rent of 50000 per month

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If you are an individual, taken a house / flat on a monthly rent of Rs.50000, you have to deduct tax (TDS) at the rate of 5% and pay it to the government. Are you aware of this TDS provision on Rent? If not, here you go- A new Section ...

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Happy Women’s day

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Good afternoon friends What is this – women’s day? One more borrowed concept from the west? Is it not a weird concept in Indian context? Let it be; I am not interested in such ‘time pass’ elite debates. On this occasion of women’s day; I don’t want to write on ...

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Budget 2017: How it impact your tax liability

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Point 1 – Is there any tax impact on my income of Rs.55 Lakhs per year? Yes! Till FY 2016-17, on your income, the approximate tax works out to Rs.14 lakhs. After this budget (means from 1st April 2017), the tax payable will go up by Rs.1.40 Lakhs (10% on ...

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