CA Prakash Chartered Accountant Bangalore

CA Prakash is a practicing chartered accountant and partner in Bangalore -based CA Firm. For further information or query, please email it to

QUIZ Test your knowledge on Set Off and Carry forward of Losses

Income includes ‘loss’ and all loss can’t be adjusted against income. The Income-Tax Act, 1961, allows set-off and carry-forward of the loss incurred by any assessee subject to some restrictions. Here is a quiz to test your knowledge on set off and carry forward of losses. [mtouchquiz id=2 startscreen=’off’ showanswers=’end’ multiplechances=’off’]

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Indian-American scientist invented email 32 years ago

Know who is the inventor of e-mail? The credit goes to an Indian American V.A. Shiva Ayyadurai who received official recognition as the inventor of the computer program for electronic mail system from the US government August 30, 1982.   Studying at Livingston High School in New Jersey, Ayyadurai began …

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How much loan government of India has?

The way you and I have loans, the Government of India also has loans. The total loan (call it as ‘public debt) of the government is Rs.46,25,037 Crores as on March, 2014. Of the total loan, 91% is sourced within India (call it as Internal debt) and the balance is …

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