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 simplifiedlaws20@gmail.com

World Suicide Prevention Day

It was in 1977 that a healthy and normal woman who was our neighbour committed suicide by jumping into a well. This was the first instance of suicide that is deep-rooted in my mind, even after 45 years. In 2004, on a bright sunny afternoon, one of the famous surgeons …

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World Mosquito Day was yesterday!

What should I say? Happy world mosquito day! 20th August 2022 is observed as World Mosquito Day. You may be surprised to know that the size of the world mosquito repellent market is over Rs.50,000 Crore! Keep another Rs.10,000 Crore for home remedies and natural or organic controls! Wait, what …

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When did I realize the importance of independence?

When things are going well, all of us are busy managing wealth! Planning for the next trip. Finding faults with others. Becoming restless if the work assigned is delayed by the vendor or the team. We think of growing the business or pushing the kids to do more and more! …

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Windfall Gain and Taxes

Windfall is a fairly known term among finance professionals. As I read, windfall originally referred to fruit that the wind blew from the trees. There was no need to put effort into picking it from tall trees. It is unexpected and easily gained. Suppose, you win a lottery; it is …

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Have you been reading about Startup funds drying?

If you ask a Rapid-fire question Which is the jumping creature? to the HR person of a tech company, the undoubted answer will be Engineers! (Frogs come next). When I interact with founders and promoters, I hear from them that no engineer works for more than 15-18 months in a …

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Why do start-ups fail?

My association with Startups goes back to 2009; since then, I would have worked with over 200 start-ups. While writing this, I realized that only 7 of them are functioning as on date; most of them have failed in the first year of operation. My analysis coincides with the global …

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