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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]

Can I purchase Agricultural Land in Karnataka?

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What does agriculture include? Agriculture includes aquaculture, horticulture, dairy farming, poultry, breeding of livestock, plantation, apart from growing crops.  Are BBMP Officials agriculturists, who cut trees in the city of Bangalore? No. cutting of trees or wood/timber is a business! The land used for agriculture purposes is called as Agricultural ...

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Some thoughts

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Point 1: When an employee resigns from the company, he has to give minimum 30 days of notice (and in some roles, even more) and during this period he has to complete the pending tasks, do Knowledge Transfer (KT) and handover the charge. But for the so-called high-profile job ‘Governor ...

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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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