B E Kumar Prasad

He is a Practicing Chartered Accountant in Bengaluru, India. He has 28+ years of experience in income tax, business setup, and NRI matters. He is also an Insolvency Professional, Registered Valuer (F&SA) and Social Auditor.Prasad welcomes your comments and questions. Please email him at simplifiedlaws20@gmail.com

Stock Market discussions in gatherings

Family get-togethers facilitate talking to your kith and kin. It used to be a wholesome talking venue in the past. Now, half the time, most of the people are busy browsing their mobiles. On and off we do talk on dry topics like rain (too much rain this year!), weather …

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A story of massive discounts, investments, and IPO

We love discounts, freebies, and gift hampers.  Yes or No? Earlier, we were looking forward to a Discount sale which used to happen on certain occasions or annually. Gone are those days thanks to online portals/platforms. You can browse 24/7, 365 days, and find discounts on each and every product. …

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What are the cons of following social media posts?

YouTube, Facebook, Instagram, or any other media content gives us a lot of knowledge. For some people, maybe enlightenment! It is, indeed, helpful. Having said that, I find a few disadvantages also. If you are a singer, dancer, actor, or artist, by watching hundreds of videos on social media, you …

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All about Benami Transactions

Benami is a familiar term. We, the middle-class Indians are born cursing politicians and bureaucrats who own Benami properties, isn’t it? It’s time to know more about Mr. Benamidar, the different shades of Benami Transactions as per The Prohibition of Benami Property Transactions Act! Benami covers both movable and immovable …

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The basics of RoDTEP Scheme

RoDTEP stands for Remission of Duties and Taxes on Exported Products. It is a benefit scheme for exporters. Are you an exporter of Goods from India? If YES, are you in the pharmaceuticals, chemical, steel, or textile industries? If you are an exporter (around 8555 tariff items), but not in …

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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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