Bhavik Chudasama & Co

Bhavik Chudasama & Co Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Bhavik Chudasama & Co, Financial Consultant, Shop No 9 Ashwini Building Akashnganga Complex, Thane.

28/08/2026

RCM ka matlab sirf “badi companies ka jhanjhat” nahi hai 🚨

Agar aap ek chhote GST taxpayer ho aur sochte ho RCM sirf large corporates ka problem hai — ye video aapke liye hai.

5 common business expenses jinme aap khud GST pay karne ke liable ho sakte ho, supplier nahi:
🚛 Transport (GTA) — freight bills
🛡️ Security services
🏠 Rent — residential aur commercial dono
⚖️ Legal/Advocate fees
👔 Director’s services

Lekin yahan sabse bada trap hai: RCM automatic nahi lagta. Har transaction ke apne conditions hain — supplier registered hai ya nahi, body corporate hai ya proprietorship, recipient kis category mein aata hai, aur service business use mein hai ya personal.

Especially Transaction 3 (Rent) pe dhyan dena — agar residential property lekar business expense mein claim kar rahe ho, RCM applicable ho sakta hai, chahe wo purely “personal” jaisa lage. Ye distinction bahut log miss karte hain.

Aur yaad rakhna — RCM sirf liability nahi hai, agar conditions match karte hain toh ITC bhi claim kar sakte ho, subject to eligibility. Sirf “GST bharna hai” mat sochiye — “sahi tareeke se compliance karna hai” sochiye.

Is video ko save karo apne next vendor payment se pehle, aur apne accountant/CA ke saath cross-check zaroor karo before applying.

Apna kaunsa expense match karta hai, comment mein batao 👇 Main help karunga applicability check karne mein.

Follow us CA Bhavik P Chudasama for more such information and videos

CAIndia SmallBusinessIndia GSTCompliance TaxAwareness AurumLegis CharteredAccountant GSTUpdates TaxEducation BusinessCompliance ITC GSTReturns TaxPlanning MSMEIndia

26/08/2026

🏠 **Can Section 54F exemption be denied just because the new house was purchased from your husband?**

**ITAT Mumbai says — Not merely for that reason.**

In *Neha Karan Motwani v. ITO*, the assessee claimed **₹6.91 crore exemption u/s 54F** on purchase of a residential property for **₹7.50 crore from her husband’s proprietorship concern**.

The AO treated it as a colourable device for tax avoidance. However, ITAT Mumbai noted that the transaction was genuine, consideration was actually paid and documented, and the husband’s business losses arose only later.

⚖️ **Held:** A genuine transaction between spouses cannot be treated as a colourable device merely because it is between family members.

📌 **Key takeaway:**
**Transaction with spouse ≠ automatically colourable device.**
What matters is genuineness, documentation, consideration and compliance with the statutory conditions.

Case: *Neha Karan Motwani v. ITO*
ITAT Mumbai | AY 2021-22

ITAT ITATMumbai CapitalGains TaxLaw IncomeTaxIndia TaxPlanning TaxUpdates CaseLaw CA CharteredAccountant

22/08/2026

Just a Thought and a Honest words !!!
Comment below your thoughts!!!!
No offence to anyone just a my experience and words from other fellow professionals!!!

21/08/2026

GST include karo toh turnover ₹11.59 Cr. Exclude karo toh ₹9.82 Cr. 🤔 Ek number pe penalty, doosre pe nahi — par ITAT ne yeh sawaal answer hi nahi kiya

GSTR-1 mein invoice value ₹11.59 Cr (GST included) — ₹10 Cr audit limit cross. AO ne ₹1.5 lakh penalty laga diya Section 271B ke under.

Assessee ka case: actual sales ₹9.82 Cr, GST toh sirf liability hai P&L mein income nahi. ICAI Guidance Note ka reference bhi diya. CIT(A) ne phir bhi penalty confirm kar diya.

ITAT ne turnover ka sawaal decide nahi kiya — sirf yeh dekha ki belief bona fide tha ya nahi. Jab do views possible hon aur mala fide intent na ho, penalty automatic nahi hota — “may,” “shall” nahi. Penalty delete.
🔨

Case: Manish Pushkar Dayal Singhal Vs ITO — ITAT Mumbai, AY 2022-23

Follow us CA Bhavik P Chudasama

CAlife

21/08/2026

Pichle video pe itne comments aur DMs aaye — “Bhai 44AD ka limit 2 Cr nahi, 3 Cr hai!” 📩

Sahi bhi ho aap — par pura sach nahi bataya maine. 3 Cr sirf tabhi milta hai jab cash receipts total receipts ke 5% se KAM ho.

Mera wala case? Cash receipts ~50%. Poora alag ball game. 😅
Is video mein clear kiya:

✅ 44AD — kab 2 Cr, kab 3 Cr

✅ 44AB — audit kab mandatory (turnover >1 Cr + cash >5%) — chahe profit % kitna bhi high dikhao

✅ 44AB ka 10 Cr wala extended limit — aur usme LOSS bhi show kar sakte ho agar books maintained ho
Poori clarity video mein 👆

Confusion clear hua? Comment karo 👇

CAIndia TaxTips

20/08/2026

CA ne bola “cash zyada hai isliye 44AD nahi milega” 🚫

Turnover ₹1.5 Cr, cash sirf 8%... aur genuinely confuse ho gaya main bhi. 🤔

Reality check: 44AD ka 5% test sirf limit ko 2Cr→3Cr badhata hai. 44AB ka 5% test audit threshold decide karta hai. Dono ALAG sections hain, alag purpose ke liye — par log inko mix kar dete hain.

Poora breakdown video mein 👆
Aapke business ka turnover 2 Cr ke andar hai but cash zyada hai?
Comment karo 👇 — real numbers ke saath next case discuss karenge.

15/08/2026

Foreign bank account, property ya shares jo ITR mein declare nahi kiya? 🚨

Kal se (16 August) launch ho raha hai FAST-DS 2026 — one-time window to disclose undisclosed foreign assets without going through the full Black Money Act penalty.

2 categories, 2 completely different costs — ek mein 60% tax, doosri mein sirf ₹1 lakh flat fee. Konsi wali aap par apply hoti hai?

Window band ho jayega 31st December 2026 ko. Miss mat karna.
Confused kaunsi category mein aate ho? Comment karo “FAST-DS” 👇

📌 Save this for later, share with anyone jo NRI hai ya foreign assets rakhta hai

Follow us CA Bhavik P Chudasama
TaxDisclosure CharteredAccountant

14/08/2026

🚨 44AD & 44ADA — You DON’T have to stop at 6%, 8% or 50%!

One of the biggest misconceptions about Presumptive Taxation is that the prescribed percentage is the maximum income you can declare.

❌ WRONG!
Under Section 44AD / 44ADA, the prescribed percentage is the basis for computing presumptive income. But if your actual business or professional income is HIGHER, you can and should offer the higher income to tax.

📌 Example:
Turnover = ₹50 lakh
44AD presumptive income @ 8% = ₹4 lakh

But if your actual income is ₹7 lakh, you can offer ₹7 lakh.

The law does NOT say that you must restrict your taxable income to the presumptive percentage.

💡 Presumptive taxation simplifies computation — it does not give you a licence to suppress higher actual income.

Save this reel and share it with someone filing under 44AD or 44ADA!

12/08/2026

📌 Taxation of Crypto Futures & Options under the Income-tax Act, 1961 – An Analysis of the Existing Legal Framework

The article examines an emerging and increasingly relevant tax issue concerning cash-settled crypto futures and options, with particular focus on:

• Section 2(47A) – Virtual Digital Asset
• Section 115BBH – Taxation of income from transfer of VDA
• Section 2(47) – Meaning of transfer
• Section 43(5) – Speculative transactions
• Finance Bill, 2022 and the legislative framework
• CBDT Circular No. 23/2022
• The distinction between the underlying VDA and a crypto derivative
• The practical tax positions available to taxpayers

A key aspect of the article is the analysis of whether a cash-settled crypto future, where the underlying VDA is never delivered or transferred, can automatically fall within Section 115BBH.

The article also examines the practical approach: Section 115BBH as the conservative position, while recognising a potentially arguable speculative-business position where the tax differential is material and the taxpayer is prepared to defend the position through litigation.

Grateful for the opportunity to contribute to the professional tax discourse on an emerging area of taxation.

Address

Shop No 9 Ashwini Building Akashnganga Complex
Thane
400615

Telephone

+918080172535

Website

Alerts

Be the first to know and let us send you an email when Bhavik Chudasama & Co posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Bhavik Chudasama & Co:

Shortcuts

Share

Category