B E Kumar Prasad

B E Kumar Prasad
He is a Practicing Chartered Accountant at Bangalore, India. He has 26 years of experience in the areas of NRI matters, Income Tax, Setting up Business. He is also an Insolvency Professional and Registered Valuer (F&SA)He can be contacted at [email protected]

Can I make money from F&O Trading

How can I make money from Future and Options Trading? Can I earn second source of Income from F&O? I understand big money can be made from F&O Trading. What are the ways or tips to make money from F & O Trading? Stay away from F&O Trading. Investment pundits …

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Linking of Aadhar to PAN

This is a hot subject which requires your attention, please! Section 139AA of the Income Tax Act makes it mandatory for every individual who has a PAN to link it with the Aadhar number. Every rule has certain exceptions. As per the Notification issued by CBDT in 2017, the provisions …

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What is Audit Trail

Today, 24th March 2021, the Ministry of Corporate Affairs (MCA) has issued two important Notifications, namely Amendment to Rule related to Accounts Amendment to Rule related to Audits The Amendment to Accounts is something interesting and new to all businessmen. The Notification says “Provided that for the financial year commencing …

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Unemployment problem in India

Some data from Primary School books. As children, we wouldn’t have understood either the meaning or the importance of many points. So, good to revisit them now. The total land area of the world is 14,89,40,000 square kilometers and of which, India occupies 32,87,590 square kilometers (just over 2% of …

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I stand corrected – the Economy is doing good

Is the Economy doing good? I get assorted, too extreme views – for and against. The published junk data, usually, does not tell the truth. So, I resorted to checking the ground realities from a few of my connects, and here is what I heard, in an unmixed form. High-end …

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Why no Income Tax on Agricultural Income?

The Constitution of India is the supreme law of India. It contains 395 articles (similar to Sections) and 12 Schedules. The distribution of powers between the Union and the States is defined in several Articles and Schedules. One such Schedule, namely, the 7th Schedule, which contains 3 lists; allocates the …

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Why privatizing Government banks is a bad idea

The Finance Minister recently announced that “Other than IDBI Bank, we propose to take up the privatization of two Public Sector Banks and one General Insurance company in the year 2021-22. This would require legislative amendments and I propose to introduce the amendments in this Session itself” After this announcement, …

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