Signup


Signup


Signup

CA Hunny Badlani  

CA in Practice
3Year  6Month  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

H

Hari Kumar Thangudu

21 Days ago

I am selling my flat in next month that I have purchased in 2014. I bought it at 50L + ~4 Lakhs registration fee. . Now I am selling it at 63.5 Lakhs. After home loan clearance, I would be receiving 35 Lakhs. Few doubts I have are as listed below:
1. Do I need to pay capital gain tax. After considering Indexation, amount that i am receiving is less than what I have invested.
2. Do I need to invest again in plot/house to get benefit of tax exemption.

CA Hunny Badlani     2 Oct 2021

Hello,
AS per the details provided there would be Long Term Capital Loss and therefore, no tax would be liable on sale of such flat.
I hope that this answer satisfies your requirements. For any query or if you want to get exact capital gain calculation, 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

Shubha

21 Days ago

Hi. My son who is 16 yrs old student is freelancing web development for a client directly ( not through portal). He is being paid 3K- 5K for his work . Since he is a minor with no bank account or PAN or isnt registered the money is being paid to my gpay account. Also I am an employee of private firm and paying taxes for my salary.
The client is now asking him to issue a invoice from an invoice generator (without tax or GST) in his name. Is it legal to issue an invoice in son's name when he isnt registered and when this amount isnt declared in my tax filings ? How do we go about this in a legal way?

CA Hunny Badlani     2 Oct 2021

Hello,
Income of minor is clubbed with the income of that parent whose income (excluding minor's income) is higher, for income tax provisions.
Minors have no capacity to contract and therefore the guardian of the minor can issue invoice and make compliances.

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

CA Aditya Dhanuka     11 Oct 2021

Hi,

I concur with CA Hunny's views, but there is a major digression.

Clubbing applies in case of passive incomes only.
When a child earns an income by way of any work or from an activity for which he uses special talent or knowledge, the minor is required to file an income tax return.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka
98365 43836

CA Aditya Dhanuka     11 Oct 2021

Therefore, in this case Ms. Shubha, you need to apply for PAN of your child and issue the invoice in his name itself.

T&C apply

J

Jees K Kuruvilla

1 Months ago

F& o trading tax

CA Hunny Badlani     17 Sep 2021

Hello,
F&O Trading is considered as a normal business and income from F&O trading is taxed at slab rates for individual.
I hope that this answer satisfies your requirements. 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

R

Rahul Kumar

1 Months ago

In Fy 20-21 I have gain profit 3.60 Lakh from Share trading and delivery turnover was 8.0 crore and intraday turnover was 2 crore so total turnover was 10 crore ..my CA told me that we can show this as investment in capital gain tax and no need of any tax audit in my case but one of my friend told me that audit is mandatory in my case because turnover is more than 2 crore so kindly suggest what to do in my case ...

CA Hunny Badlani     7 Sep 2021

Hello,
As per the details provided, tax audit in your case would be mandatory. You must go for tax audit and declare the delivery trading under non speculative business and intraday trading as speculative business under the head business/profession. Further, you can claim several eligible expenses such as trading expenses, demat charges, SEBI Fees, transaction charges, STT, IGST, depreciation on laptop/desktop, internet charges, etc.
I hope that this answer satisfies your requirements. 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

CA Rohit Jain     10 Sep 2021

In my opinion, you should disclose your delivery profit under the head Capital Gain and Intraday day trading under the head Business. No need for audit.
For more details call me on 9929511888

T&C apply

V

Vijaya Ramakrishna

1 Months ago

I am getting 15000 salary per month by the source of daily wages and agriculture. should i submit income tax returns. because for getting government benefits they are asking that i am not paying income tax. how do i get this. please clarify

CA Rahul Dwivedi     4 Sep 2021

As your income is less than taxable limit so you are not required by law to file income tax return. However voluntary you can file ITR.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain     4 Sep 2021

Since your gross income does not exceed Rupees 2.5Lacs you need not compulsorily file income tax returns.

CA Hunny Badlani     6 Sep 2021

Hello,
Since your gross total income is below Rs. 2.5 Lakhs basic exemption limit, you are not required to file your ITR compulsorily, however you can file ITR voluntarily if you need to submit it anywhere.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

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

T&C apply

D

Darshak Dharod

1 Months ago

Respected Sir/Madam, I have query regarding HRA component under tax. I am paying rent of 12000 per month to my landlord and this amount is more than 1 lakh per year due to which I have to provide PAN no. of my landlord while claiming HRA under tax. My concern is My landlord do not file ITR, So will it cause any problem to me ? Note : I am paying rent in cash as my landlord want rent in cash and I do get rent receipt for same from my landlord.
Awaiting for your response, Thanks in advance.

CA Rahul Dwivedi     6 Sep 2021

Dear Darshak, it's none of your business to check the ITR filing status of landlord. Your Duty is to provide the PAN of Landlord that you are doing . It will not cause any problem to you.
For Further Assistance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

CA Hunny Badlani     6 Sep 2021

Hello,

No it won't cause any problem to you. You can declare the HRA exemption.

I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

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

CA Rakshit Jain     6 Sep 2021

No issues if landlord does not file its ITR.

T&C apply

T

Thanga

1 Months ago

I was doing small business through online. I supply goods locally and to interstate wise. My turnover will be about 10 lacs per annum. Do I need to register for GST. Is it compulsory?!

CA Hunny Badlani     4 Sep 2021

Hello,
Yes, a person making interstate supplies of goods is compulsorily required to get himself registered under GST.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

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

CA Rahul Dwivedi     4 Sep 2021

In case of Inter State Supply GST Registration is compulsory, irrespective of turnover.
For further assistance you can reach us at ca.rahuldwivedi@gmail.com or 9004485377

CA Rakshit Jain     4 Sep 2021

Yes you will require GST Registration for doing business.

T&C apply

M

Manik

1 Months ago

Hi! I've not posted my IT since more than 5 years now since my income was mostly from interests in FD's which was much below 1.5 lakhs/year. Last financial year however I did some F&O trading with no profits but as I understand F&O is considered as business, I would like to file IT return. Question: Do I need to file the IT return for all the past years or should I only post the return for last Financial year?

CA Hunny Badlani     1 Sep 2021

Hello,
You would be required to file return for last F.Y. i.e. 2020-21 only.
Regarding F&O trading, you can declare loss under the business head and set off from your other source income.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates

CA Rahul Dwivedi     2 Sep 2021

In any case you needs to file ITR for previous financial year i.e. FY 2020-21.
As regarding F&O , it is considered as business income & needs to file ITR. You can also refer my published article in Tax Guru "F&O Turnover, Taxation, Audit & More"
For any assistance or consultation you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

T&C apply

S

Sha

1 Months ago

Hi,
I am a Tarot Card reader, astrologer
I want to file an income tax return....I am not sure under which tab I need to file it as I don't have any balance sheet or any documents because I haven't registered it.
Please advise if I should file it under Business section or Professions section in ITR 4
Thank You

CA Rohit Jain     1 Sep 2021

File ITR declaring income under the head Business & profession

CA Rohit Jain     1 Sep 2021

for more details contact 9929511888

CA Hunny Badlani     1 Sep 2021

Hello,
You can declare this income under the head business head using Sec. 44AD.
Your profession is not in the list of professionals eligible for Sec. 44ADA Professional Presumptive Taxation.
I hope that this answer satisfies your requirements. For any query, feel free to write to me at badlaniassociates at Gmail.

Regards,
CA Hunny Badlani
Badlani & Associates

CA Rahul Dwivedi     2 Sep 2021

Astrologer can file ITR-3 or declare income U/s 44AD at & file ITR-4. However please note Astrologer can't opt 44ADA as not covered under specified profession U/s 44ADA.
For further assistance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

T&C apply

R

Rakesh

2 Months ago

I am trading in stock market (Futures and options) (this is considered business income). My Turnover is less than 2 Cr. My Net profit is more than 12% of my turnover. Can I opt for Presumptive taxation under section 44AD and pay tax for only 6% of my turnover. I would reduce the tax I need to pay, no need to do auditing, no need to keep book of accounts and tax only needs to be paid at end of year instead of end of each quarter. Is this possible ?
I went through the section 44AD on income tax website and I didn't find any specific reason. Can any CA clarify is this valid and legal.

CA Hunny Badlani     2 Aug 2021

Hello,
Yes, you can opt for Sec. 44AD presumptive taxation scheme for your F&O trading business income.
For further assistance, ou can contact us directly at badlaniassociates at Gmail or take a phone consultation.

Regards,
CA Hunny Badlani
Badlani & Associates

CA Puja Sharma     5 Aug 2021

In my opinion, you can opt for presumptive taxation. For more detailed consultation, please connect with me at ca.pujasharma@outlook.com

T&C apply
 
more
No more records
Resume has not uploaded!