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

Tax Issues on Marriage/ Divorce/ Alimony

Marriages are made in heaven, conducted in wedding venues, and governed by Marriage Acts. In India, Hindu Marriage Act of 1955 applies to weddings among Hindus, Jains, Buddhists, and Sikhs. As per the Act, the marriage may be solemnized in accordance with the customary rites. Where such rites and ceremonies …

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Google is doing fine. But why are they fined?

“The Competition Commission of India (CCI) imposes a penalty of Rs.1337 Crores and yet another penalty for Rs.936 Crore on Google in a week’s time”. You would have read this in the media recently. This is a brief note on this issue which may be of interest to you. The …

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Kantara musings

Kantara is a trending topic. After this movie got released, I attended 4 social gatherings. In all, the highlight was Kantara. “Did you watch Kantara?” is a common question; without this, the conversation won’t end, however, short the talk maybe. Some people were boasting, “Yes, I went on the second …

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Popcorn also has a story to tell

We have heard enough of Unicorns, that is to say, what they do, how they earn, how much they spend, and their soaring valuations, etc. For a change, let us understand the story of Popcorn now. Before getting to the story, we have to set the background. India has around …

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Change is the only constant. Let us learn to live with it

“My in-laws are a pain. They are old, and require our assistance; so, we are stuck; can’t go anymore?” Did you hear such comments? No? I can understand many people won’t talk rudely. But you would have heard the sugar-coated version of this “Nowadays, we can’t go anywhere, my in-laws …

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Why moonlighting is necessary and good for the economy?

Moonlighting is perfect. What is wrong with it? Moonlighting, as the name suggests, is an additional or second job done discreetly at night (or outside the regular office hours) to earn extra income or for professional pleasure! Some large companies are objecting to moonlighting by their employees. I don’t find …

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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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