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CA K Narasimha Prakash  

CA in Practice
30Year  5Month  experience

Ambitious finance professional with strong track-record of delivering top performance. Possess large spectrum of experience in financial markets, corporate finance and treasury finance. Utilize keen s

  
   
 
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Address

4/12 KALASATHAMAN KOIL STREET
Chennai
Pin code - 600089

Availability

Mo,Tu,We,Th,Fr,Sa

9:30 am - 6:00 pm

Services

✔ Business Incorporation✔ Fund Raising (Debt / Equity)
✔ Accounting / Book keeping✔ Company Auditing
✔ Compliances✔ Financial Consulting and MIS
✔ Direct Taxation✔ Indirect Taxation
✔ Corporate Asset Management✔ Personal Wealth Planning
✔ Mergers & Acquisition / Investment Banking✔ Payroll Management
✔ Govt.Registrations and Licenses✔ Intellectual Property
✔ Corporate Restructuring✔ Business Tax Planning and Management
✔ Business Planning & Initiation✔ Financial Services / Funds Raising
✔ Internal Audit✔ GST

Industry Experience
✔ Automobiles✔ Education and Training
✔ Healthcare
Education
    B.com,CA
Associated with (Firm / Company Name)
    N SATHIYAMOORTHY & ASSOCIATES
Awards and Recognitions
    BEST CFO

R

Reshma

1 Months ago

I jus filed my tax using third party and paid my taxes, but I belong to accenture where they already detect my tax from salary evry month..now i think i paid extra. What should i do now

CA K Narasimha Prakash     28 Jul 2022

File revised return

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G

Gayathri Das

2 Months ago

I am a NRI, I am planning to make invest in startups through Lets Venture and Tykeinvestment. What are my tax implications when I exit the investments through fund resale or equity resale

CA K Narasimha Prakash     25 Jul 2022

If you invest in a startup, and it gets sold, and your share is worth a lot more money than you paid, you'll pay capital gains taxes on that amount.

CA Puja Sharma     26 Jul 2022

You will be liable to pay capital gain taxes when you will exit from the startup by selling your shares,
For IT-related consultation, you can connect with us at ca.pujasharma@outlook.com.

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A

Amol Kanthe

2 Months ago

In last 4 months (December to March 2022) of last financial years, very less tax has been deducted by my employers and now I have to pay huge lump-some amount while filing the IT returns. Is there any way I can save some tax now?

CA K Narasimha Prakash     24 Jul 2022

You can claim 80C deduction if it is not deducted in TDS by your employer. Further. Clarification revert 7338838605

CA Shruti Goyal     30 Jul 2022

Claim 80c , calculate tax as per new slab. Further queries plz contact cashrutigoyal127@gmail.com

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G

Gideon Nayak

2 Months ago

What issues I may face ahead if I use refferal system in my business to promote my product.

CA K Narasimha Prakash     24 Jul 2022

You need to deduct TDS for referral system . further clarification contact 7338838605

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Gaurav Bhagat

2 Months ago

My 26as and prefilled itr tds mismatch, Please help

CA K Narasimha Prakash     24 Jul 2022

You can rely on 26As on proceed. Any clarification call 7338838605

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P

Pankaj Sonj

2 Months ago

I have total taxable income of 4,95k and Long Term Capital Gain of 85k. My salary should get tax rebate u/s 87A and LTCG < 1 lac is tax free. But I am getting a tax of 12200 on my salary. Why?

CA K Narasimha Prakash     21 Jul 2022

Normally you will not get taxliability.Are you using software for computation? Please check the features.

CA Gourav Agrawal     22 Jul 2022

contact-8327702328 for solution

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K

Kejitan Dontas

3 Months ago

If I sell a property that has no O C (no valid possession certificate) can I avail of LTCG taxation rates?

CA K Narasimha Prakash     3 Jun 2022

if Assessing officer required sale date at that time you need to produce proof by way of EB bill or property tax etc.

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S

Sanket Dhoble

3 Months ago

My Father(retired) sold a flat for 30L. He had purchased the flat for 10L in 2008. What will be the capital gain income tax he will need to pay? He is going to give that money to me to buy a new flat in my name.

CA K Narasimha Prakash     3 Jun 2022

For computation of capital gain you need to give the sale proceeds received details and for cost you can apply for indexation and then arrive the capital gain tax. if you need any clarification contact tax experts or revert to us 7338838605

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A

Amandeep

3 Months ago

I booked a flat for 80 lacs in Jan 2021 and paid 50% installment (40 lacs) on 08 Feb 2021. I was ignorant about the TDS deduction till May 2022. On 18 may 2022, I filed TDS on Property (Form 26QB) and paid the amount 30,000 along with the interest fees(4900/-) levied due to a delay in filing. I filled the correct date of payment (08-02-2021) and FY and AY were populated by website itself.

When i sent the Form 16B to my builder/seller, he/she is now asking me to file TDS again in the current FY 2022-23. I will have to bear the loss of 34900/-(30,000 + 4900) if i file again. Kindly guide, what can i do.

CA K Narasimha Prakash     3 Jun 2022

please approach your Assessing officer he will make necessary correction in the records if you provide material evidence. in case any assistance please contact tax experts or revert to us 7338838605

CA Deepika Boyina     3 Jun 2022

Tds u/s 194 IA has to be paid within 30 days from the end of the month in which it is deducted by filing form 26qb. It is to be filed or paid tds for each installment/ payment.
If you have doubt you can contact deepikajagan01@gmail.com.

CA Rahul Dwivedi     4 Jun 2022

Dear Amandeep, Technically you are correct in depositing the TDS, as per Law every-time you makes the payment you are supposed to deduct the TDS & Deposit the same with the govt. You can shoot an email to builder regarding the same & ask him to revert whatever query he has in this regard. Your builder will get the credit of TDS deposited by you in the FY 2020-21. The second option available to you is to approach the Assessing officer for correction in the AY. For further consultation you can approach us on ca.rahuldwivedi@gmail.com or 9004485377.

CA Puja Sharma     6 Jun 2022

You can go for correction of challan by approaching the jursidictional Assessing Officer.

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H

Hema

4 Months ago

A central govt. educational institution is paying an invoice of 4 lacs + 18% GST. The invoice is for providing artists (professional services) for an event. What are the deductions applicable? My opinion is 10% TDS on Income and 2% TDS on GST will be applicable in this case, so total 48000/- dedcution will be there. Am i correct?

CA K Narasimha Prakash     27 May 2022

In your case 2% on GST is not applicable since GST is not your income. We advised for central govt educational institution in tax matters. If you have specific query kindly consult tax advisor and reach us 7338838605

CA Deepak Kucheria     28 May 2022

Prima facie you are correct. You just need to ensure whether this educational institution is covered under "Department or Establishment of Government". For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.

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