B E Kumar Prasad

B E Kumar Prasad
He is a Practicing Chartered Accountant in Bengaluru, India. He has 25+ years of experience in income tax, business setup, and NRI matters. He is also an Insolvency Professional and Registered Valuer (F&SA).Prasad welcomes your comments and questions. Please email him at [email protected]

Unicorns in India

A unicorn is a startup private company that has a valuation of over $1 Billion. In Indian rupees (at Rs.74/USD), a valuation of over Rs.7400 Crores. There are more than 700 unicorns across the globe and as of date, India has 52 unicorns. I was curious to know the meaning …

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Should NRI’s file tax returns in India?

This is a rudimentary question, but most frequently tossed to us by the taxpayers. Here is the answer to all such queries. What is Income Tax Return (ITR)? Income Tax Return (ITR) is a document wherein any person informs the Government about his total income during the previous year (1st …

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Why are Adani Group Stock prices falling?

A quick recap. Earlier this week (14th June) Economic Times reported that trading accounts of three Mauritius-based funds that have invested in Adani Group Shares are frozen by National Share Depository Limited (NSDL) due to non-compliance. As a fallout of this news, the Adani Group company share prices tumbled in …

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The Vaccine quandary

Disclaimer:  Doctors, scientists, drug companies, and the Government are doing their best to help society overcome the pandemic. I understand that Covid is a new thing to all, they are also experimenting to get the best results. No complaints and no grievances against anyone. Having said that, as a layman …

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My observations after walking in Lalbagh

I tried many things to keep myself fit. Went to the gym for couple of months (bought new shoes, gym kit, one year subscription, personal trainer, etc.), but lost interest half way, then tried treadmill at home. Treadmill is better used to hang clothes at home than as a fitness …

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A note on Gift Tax in India

The Gifts were taxed under The Gift Tax Act, 1958 and the same was repealed in 1998. As on date – there is no Gift Tax Act in India. However, Taxing Gifts have come in different avatar under the Income Tax Act. Basic terms to know – The person who …

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