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

Compliance of Non-filers Monitoring System (NMS) for AY 2014-15

Income Tax Department has identified non filers who have done high-value transactions during the Assessment  Year 2014-15 (Financial Year 2014-15) and started sending sms, email in batches with effect from 6th Nov 2015. Centralised Processing Cell-Compliance Management (CPC-CM) has carried out data analysis to identified non filers about whom specific information …

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“e-Sahyog” a pilot project of the Income-tax Department.

Finance Minister launches the“e-Sahyog” pilot project of the Income-tax Department. The Income-tax Department is committed to the ‘Digital India’ initiative of the Government of India.The Finance Minister today launched an “e-Sahyog” pilot project which furthers the Department’s commitment to work in an e-environment and reduces the need for the taxpayer …

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Guidance Note on Tax Audit under section 44AB of the Income Tax Act 1961 Revised 2014 Edition -Asst Year 2015-16

The “Guidance Note on Tax Audit u/s 44AB of the Income Tax Act, 1961- Edition 2014” issued by The Institute of Chartered Accountants of India (ICAI),  is one of the important guidance issued by ICAI and is referred not only by our Chartered Accountants but also by assessing officers and in various judicial forums. Revised guidance note …

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