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

Free Shopping at home during this Summer Vacation

This summer my daughter did some homework. She took an inventory of all the major movable items like clothes, shoes, books, utensils, etc. According to her document, we have around 2200 items at home!!! While analyzing the list, we noticed that 30% (appx) of the items have not been used …

Read More »

Karnataka Budget 2022 Part II

In the previous article (read here https://simplifiedlaws.com/economy/karnataka-budget-2022/), we have seen that the Government of Karnataka is estimated to spend Rs.2,61,977 Crores, of which, Rs.1,89,977 Crores comes from Revenue sources and the balance of Rs.72,000 comes from loans/borrowings. On what does the Government spend the money? For our easy understanding, let us …

Read More »

Karnataka Budget 2022

Amidst bigger news like the Ukraine Russia war, election results of 5 states, new Covid variants, etc., Karnataka Budget could not find much space in the media and minds of people. As there were not many takers, it had a shelf life of less than 24 hours! Did you hear …

Read More »

What should investors do in a free fall market?

The war has begun. This shows that the human mindset has not changed over centuries. A street fight among humans should not be part of a civilized world. All the preaching has no place when people start fighting like wild animals. When these headlines grab our attention, we go back …

Read More »

Is crypto investment a missed opportunity in India?

A friend of mine was in low spirits for not investing in Bitcoin a year before. He continued “Had I invested, I would have made a lot of money” I asked him “Do have the same feeling of wasted opportunity by not doing Future & Options (F&O) trading? Betting on …

Read More »

Should we buy the shares of new-age tech companies?

The new-age tech companies who are making a big noise in society today are basically Door Delivery Companies (call them as ‘DDC’) or Education technology (ed-tech) or Financial Technology (FinTech) or Digital Brokers or Commission Agents (call them as ‘DBA’) Is it a good idea to buy the shares of …

Read More »

Digital Budget 2022 – Part 2

Will the Government abolish Income Tax? This question pops up once in a while in the public domain. To answer this, here is the estimated total Tax revenue of the Union Government for FY23 – Corporate Tax (Tax paid by business entities) Rs.7,20,000 Crores Income Tax (Tax paid by salaried …

Read More »

An overview of Digital Budget 2022

FM read out the speech from a digital tab and most of the contents of the speech referred to digitization. It is indeed a digital budget both in words and spirit. Amrit Kaal from India @ 75 to India @ 100 is the vision statement of this budget. The budget …

Read More »