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

Who has to obtain Trade License in Bangalore?

  As per Section 353 of Karnataka Municipal Corporations Act, 1976, No place within the limits of the city shall be used for any of the purposes mentioned in Schedule X without a license obtained from the Commissioner and except in accordance with the condition, specified therein. This means the …

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Be aware – Taxman is watching

  We have discussed about the reasons why one has to be careful while executing high value transactions. The service providers of certain high value transactions are obliged to share the information with Income tax department. So, through this article, let’s examine the list of high value transactions for which …

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Time Sensitive! 5 Ways To Reduce Your Taxes

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also …

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The 61st Filmfare Award South

There are three Filmfare awards namely Hindi Filmfare Award, Filmfare Award South and Filmfare Award East. Filmfare Award South is an annual event held either at Chennai or at Hyderabad. The award was introduced in 1953 by Times Group to honour both artistic and technical excellence of professionals. Totally, there …

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Lesson of Time by Buddha

This is one of the most powerful thoughts I have come across so far. Good to read this thought once a while so as to keep ourselves on the ground and realize the reality of life. LESSON OF TIME – KARMA When a Bird is alive… it eats Ants,  When the Bird is …

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Know Your Customer Norms KYC

  What is Know Your Customer (KYC)? Simple, this is a synonym for headache!   An activity such as opening a bank account, obtaining Directors Identification Number (DIN), Passport, PAN Card, Driving License, Demat account etc. is a headache! Once you open the account or obtain the document, then the …

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The day you get brown colour envelope

  Ignorance is not bliss, when it comes to tax and other laws of the land. First – the story We, the middle class people are in short supply of TIME. Everyone, especially in a city like Bangalore is busy throughout the year. Our to-do list only grows longer over …

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Gundayana Kannada Play and Theatre Review

One of my favorite past times is watching dramas. So I thought of writing about drama and theatre through this post. Gundayana is a popular comedy play in Kannada. It is based on the novel ‘Chakradrushti’ written by well known Kannada author Sri.NarayanaKasturi (popularly known as NaaKasturi). NaaKasturi was born in …

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