CA Vijaya Kumar Bhupatipalli  

CA in Practice
45Year  10Month  experience

I am a Chartered Accountant in practice in Hyderabad. I am also a Registered Valuer (SFA) and an Insolvency Professional. I also contribute in Pl use paid consultations for ur queries

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Flat No. 101 & 103, Sri Shailaja Nivas
Dilsukh Nagar
Pin code - 500060



10:00 am - 6:00 pm


✔ Business Incorporation✔ Fund Raising (Debt / Equity)
✔ Accounting / Book keeping✔ Company Auditing
✔ Compliances✔ Financial Consulting and MIS
✔ Direct Taxation✔ Corporate Asset Management
✔ Personal Wealth Planning✔ Mergers & Acquisition / Investment Banking
✔ GST✔ Corporate Restructuring
✔ Corporate Registration & Verification✔ FEMA Compliances Consulting
✔ Corporate Legal Consulting✔ Business Tax Planning and Management
✔ Business Planning & Initiation✔ Financial Services / Funds Raising
✔ Internal Audit

Industry Experience
✔ Banking✔ Engineering
✔ Financial Services✔ Healthcare
✔ Infrastructure✔ Manufacturing
✔ Real Estate✔ Services
Associated with (Firm / Company Name)
    B Vijaya Kumar & Co
Awards and Recognitions
    7th rank in CA Final


Tanuj Dolia

1 a year ago

Sir I have a 1 question.. I have a one gaming app. I deposit 1 lakh in this app.. and my app wallet balance is 1 lakh.. after that players of games deposit in my bank account i.e. one player add his gaming balance rs 2000.. he send this amount to my bank account.. I received payment in my bank account and received sms of payment.. then rs 2000 automatic less in my 1 lakh rs.. then players gaming balance added to his account.. in this process I received 2% of every payment send by players.. so I want to know that. In 1 day I received 30 transaction in my bank account.. so monthly transaction is 900. So what I do. Open a current account if I open current account so what I show in income tax or whatever which business I start it gives me 2% bonus of every payment I received in my bank.. because transaction of 1 month is 50 lakh. Which I deposit in wallet 1 lakh.. he circulate. When my balance low. I added this balance again. Please solve this .

CA Vijaya Kumar Bhupatipalli     10 Dec 2022

Interesting query. Its a business income for you. You may do this business as a proprietary concern, or as a partnership concern or even as a private limited company. Its better to open a current account if its a proprietary concern. In the case of the business as a partnership or as a company, the bank account will have to be a current account in the name of the partnership/company.
Please ensure that the gaming app is legal

CA Naman Maloo     18 Dec 2022

First of all open a company if you wish to do it long term and open an escrow account to accept this amount or else even this 2000 could be considered as your income.
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