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CA Hunny Badlani  

CA in Practice
4Year  7Month  experience

NA

  
   
 
No more records

Address

NA
Madhya Pradesh
Pin code - NA

Availability

Mo,Tu,We,Th,Fr,Sa

11:30 am - 8:00 pm

Services

✔ Business Incorporation✔ Accounting / Book keeping
✔ Company Auditing✔ Compliances
✔ Direct Taxation✔ Indirect Taxation
✔ Govt.Registrations and Licenses✔ Corporate Registration & Verification
✔ Corporate Legal Consulting✔ Business Tax Planning and Management
✔ Internal Audit✔ GST

Industry Experience
Education
    CA
Associated with (Firm / Company Name)
    Badlani & Associates
Awards and Recognitions
    NA

A

Ajit Kumar

3 Months ago

Hello
do i need to register GST if i provide online services entirely to foreign clients/Company and receiving payment in USD/INR conversion?
Or i just need to take care of income tax only?
As i raise invoice to clients there is no way to mentioned GST to foreign clients so in this case if i need to gst registration then how to pay gst beacuse i do not add gst in invoice for foreign clients...
Thank you

CA Deepak Kucheria     10 Aug 2022

Registration would depend upon the amount of total revenue earned. Further, whether you need to pay GST or your services would qualify as export would depend upon the nature of service provided. Kindly connect with us for detailed discussion at +91-9911744028 or deepakkucheria@gmail.com

AJIT Kumar    10 Aug 2022

Thank you sir...
Is there any certain limit for revenue earning in a year, and after that limit i need to register GST?

CA Hunny Badlani     12 Aug 2022

Hello,

You would be required to register under GST if your gross receipts from your services exceed Rs. 20 Lakhs limit in a F.Y.
After registration, you can provide such export services without payment of GST under LUT. Return filing compliances would have to be made.

I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

AJIT Kumar    12 Aug 2022

Thank you sir

T&C apply

S

Souradeep Das

3 Months ago

Dear Sir/Madam,
I am a share market trader. Having turnover is around 24Cr for AY 22-23. I have done an audit for the last three years. 99% of business transactions are done through banking channels only.
Kindly let me know
1)Your audit fees (I will provide a pre-calculated complete balance sheet, p/L, depreciation, etc.)
2)Your fees for accounting and auditing (I will provide only raw data like Trade Book, PL statement from the broker, etc. Need to calculate BS, Dep, p/L, etc.)
I have submitted this year's ITR. If you can provide an audit at a reasonable price, then I will hire you for AY 23-24. Provide Email id if possible.

CA Hunny Badlani     5 Aug 2022

Hello,

For any query or if you want to know our charges for tax audit in your case or documents required for the same, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

T&C apply

D

Deepak

4 Months ago

I have income only from Dividend and FD Interest. I have loss in FnO trading. The loss is more than total income.
How am I supposed to file returns? I understand I am required to file overall Loss and need it to be audited. What is last date for me? Do I need to file before 31st July and get it audited later, or can I file after 31 July and the CA can file and audit it before 31Oct.

CA Rahul Dwivedi     31 Jul 2022

Mr Deepak, most probably audit will not be applicable in your case and you have to file ITR before July 31 However need expect figures of your f&o turnover to provide proper consultation. For further consultation you can approach me on ca.rahuldwivedi@gmail.com or 9004485377

CA Hunny Badlani     31 Jul 2022

Hello,

You have two options,
1. File return with complete books (Balance Sheet and P&L) and claim loss, the due date in this case would be today 31st July 2022.
2. You can go for tax audit and claim loss, the due date in this case for tax audit would be 30th Sept 2022 and for return would be 31st Oct. 2022.

I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.

Regards,
CA Hunny Badlani
Badlani & Associates

T&C apply

A

Abhishek Das

4 Months ago

Hi FY 2021-22 is my 1st year in trading. Before that only salary. Non-Speculative+Speculative turnover is 91L loss 60k . Capital Gains 5k .
Want to carry forward loss.
tax audit applicable?
Thank You.

CA Hunny Badlani     23 Jul 2022

Hello,

Yes, Tax audit would be applicable.
It will also be beneficial for you to go with the tax audit option and claiming the loss.

I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.

Regards,
CA Hunny Badlani
Badlani & Associates

CA Deepak Kucheria     23 Jul 2022

Prima facie audit would not be applicable in our case. For any further queries kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.

T&C apply

R

Rahul

4 Months ago

Hello. My name is rahul. Recently i have started a job as a music composer for a studio based in USA. It's a remote job so i am working from home. It's not a salary based job instead i get paid on a hourly basis($25/hr), so my monthly income differs each month. My estimated total income would be around 28-30 lacs per annum. I want to know when do i need to pay the taxes.. Quarterly OR in a single installment. Do i need to register for GST? Please help md with this. Thank You.

CA Mehul Aggarwal     18 Jul 2022

Hi Rahul
As per the information provided, yes you're liable for A GST registration since you're indulged in export of services.
As per your estimated income, paying income tax on a quarterly basis in advance would be advised to avoid high interest on income tax liability while filing the ITR.

Contact for more information : 9811896771

CA Hunny Badlani     18 Jul 2022

Hello Rahul,

Under GST, your services to the US-based studio would be covered under Export of Services if you are receiving convertible foreign currency as consideration. Export services are zero rated supplies. You can apply for LUT and supply such export services without payment of GST.

GST registration and return filing compliances would be mandatory since the total receipts would cross the Rs. 20 Lakhs limit.

Under Income Tax, the advance tax would have to be paid quarterly according to your net taxable income from the music composing business. Return filing would be required after the end of the concerned financial year.

I hope this answer satisfies your requirements. For a detailed resolution of your query, you can contact us directly at badlaniassociates at Gmail or take a phone consultation.

Regards,
CA Hunny Badlani
Badlani & Associates

CA Puja Sharma     18 Jul 2022

Yes, GST registration is mandatory in your case because your aggregate turnover exceeds the threshold limit provided under the Act of Rs. 20 Lakhs.
For any assistance in GST filing, you can connect with us at ca.pujasharma@outlook.com

T&C apply

P

Pranav Fokmare

4 Months ago

In AIS/TIS I have Outward foreign remittance/purchase of foreign currency which ITR should I file?
Salary, Dividend, Interest from savings bank, Interest from deposit, Sale of securities and units of mutual fund and Outward foreign remittance/purchase of foreign currency

CA Puja Sharma     16 Jul 2022

You can use ITR 2 to file your Income Tax Return because sale of securities and mutual funds will result in capital gain.
In case of purchase of foreign currency above a certain amount, it is necessary to file ITR. So in your case you will be filing your ITR which will complete the compliance.
For any futher query, you can connect with us at ca.pujasharma@outlook.com

CA Hunny Badlani     17 Jul 2022

Hello,

ITR-2 will be filed in your case.
I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

T&C apply

R

Rao

4 Months ago

I am an individual (have a GST registration) working as a freelancer on Upwork Platform.

All my clients are located outside India and have also filed LUT on the GST portal so that I do not have to pay the GST.

The payments that I receive on Upwork are in USD which I withdraw to a Online US Bank Account.

My queries:

1. Do I need to show these Upwork invoices in my GST filing as I am not withdrawing the amount to my India Bank account?

2. If I need to show these invoices in my GSTR-1, what will be the conversion rate USD to INR should be used. Usually all my invoices are issued on a Sunday and I don't see RBI Reference rates for Saturday and Sundays.

3. Upwork deducts 1% TDS on my invoice amount and they file TDS returns every quarter. The USD to INR conversion they use is a fixed value for every month and they don't use RBI daily reference rates.
Because of this, my GST Turnover doesn't match with the TDS returns made by Upwork. (Unfortunately Upwork did not disclose the conversion rate they use)

So in this case, what conversion rate I have to use for filing GST Returns.

CA Puja Sharma     16 Jul 2022

1. Yes you have to show the upwork billings while filing your GST return.
2. Take the date of Monday in that case.
3. Choose the RBI rate while filing your GST return. The difference can be explained if you receive any query in future from any department.

CA Hunny Badlani     17 Jul 2022

Hello,

You need to declare the upwork invoices in your GST returns even though you are not withdrawing it your Indian account. You can refer RBI exchange rate notificaitons for exports.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

T&C apply

S

Sara

4 Months ago

I am salaried person who does FnO trading. I recently purchased a laptop for trading. Can I show it as business expenses and reduce taxes?

CA Hunny Badlani     17 Jul 2022

Hello,

F&O Trading will be declared under the business head. Laptop purchased would be declared as Fixed Assets in the Balance Sheet while the Depreciation on the cost of laptop would be considered as your business expenses and would be allowed as a deduction from the business profits.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Naman Maloo     17 Jul 2022

Yes you can claim depreciation on the laptop.
If you need any assistance in filing ITR CLICK HERE: Good morning, please share the following documents:
1. Password of PPF Statement;

2. Upstox account details like Portfolio as on Mar 31, 2022, Capital Gain Report for the period of April 21 - Mar 22, 2022 in Excel format, transaction report in excel format for same period;

3. Zerodha account details like Portfolio as on Mar 31, 2022, Capital Gain Report for the period of April 21 - Mar 22, 2022 in Excel format, transaction report in excel format for same period (earlier pdf file was shared);

4. House loan statement and other documents related with loan so that we can bifurcate the principal and interest of every month;

5. UCO Saving account statement transactions which were related to the business expenses.

T&C apply

P

Pooja

4 Months ago

I have taxable income for last FY year. I switched my job within FY and missed the investment declaration timeline .also I don't have much investment for the last FY .
Iplease suggest for tax savings

CA Hunny Badlani     17 Jul 2022

Hello,

Even if you missed the investment declaration to your employer, you can claim the same in your income tax return.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Deepika Boyina     17 Jul 2022

Even you miss it then now you can claim in itr depending on the nature of investment. Contact deepikajagan01@gmail.com for further queries

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R

Remesh Kumar

4 Months ago

Used ITR4 from AY 2011-12 to 2019-20. used ITR3 for AY 2020-21 TO 2021-22 .Can i use ITR4(44ad presumptive income) for the AY 2022-23 If other eligibility factors are satisfied (Explanation reg Section 44ad(4))

CA Roomi Gupta     11 Jul 2022

Yes you can, subject to conditions specified in section 44 AD. For professional assistance connect us @ www.tarunguptaca.com or 9216216819.

CA Hunny Badlani     12 Jul 2022

Hello,

Yes, you can use the 44AD Presumptive Taxation Scheme.

I hope that this answer satisfies your requirements. For any query, please feel free to contact us at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

CA Deepika Boyina     17 Jul 2022

Once you opted out you cannot opting till 5 years . contact deepikajagan01@gmail.com for detailed consultation

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