CA Sailesh Bhandari

CA Sailesh Bhandari A trusted and reliable Chartered Accountant firm in India, offering specialized services in Taxation,Audit,virtual CFO Solutions

17/09/2026

Bank Statement & Income Tax 📄 | Part 2

Too many transactions in one bank account? Here’s a simple solution.

Use 2 separate bank accounts 👇
🔹 Main Bank Account — Keep your salary/partner income, rental income, dividends, investments and other important transactions here.

🔹 Expenses Bank Account — Use this for Ola/Uber, Swiggy/Zomato, shopping and other day-to-day personal expenses.

Think of your second account like a petty cash account for personal expenses.

At year-end, your main account will have fewer transactions, making it much easier for you and your accountant or CA to review the bank statement and prepare your Income Tax Return.

A simple change today can save time and effort at year-end.

Follow CA Sailesh Bhandari for practical Income Tax, GST & business finance updates.

16/09/2026

Bank Statement & Income Tax 📄 Part 1

Your savings account has 60–70 pages of transactions at the end of the year? 😵💫

Salary, rent, dividends, business transactions, restaurant bills, food orders, Ola/Uber… everything mixed in one account.

When it’s time to file your Income Tax Return, separating income, business and personal transactions can become a big task.

And then your CA asks — “Sir, what is this transaction?” 😄

A lot of time goes just in identifying and separating these transactions.

But there’s a simple way to make this much easier.

👉 Watch the next video for the solution.

Follow CA Sailesh Bhandari for practical Income Tax, GST & business updates.

09/09/2026

Garment Job Work & GST | Part 2 🧵

Goods ready at the job worker’s premises? You may not always need to bring them back before selling.

In Part 2, understand:

🔹 GST on job-work charges

🔹 ITC on GST charged by the job worker, subject to ITC eligibility conditions

🔹 Direct supply from the job worker’s premises, subject to GST conditions

🔹 Delivery challan & E-Way Bill wherever applicable

🔹 1-year & 3-year timelines, proper tracking and records

Direct supply can help save transportation time and cost.

Proper documentation and tracking can help avoid GST issues later.

Follow for practical GST, Income Tax & business tax updates.

08/09/2026

Garment Job Work & GST | Part 1 🧵

Garment manufacturers in Tirupur — sending cloth for dyeing, stitching or embroidery? Do you need to charge GST?

If the goods still belong to you and another person only processes them, it can qualify as job work under GST.

In this video, understand:

🔹 When goods can be sent to a job worker without payment of GST

🔹 Why a proper delivery challan is important

🔹 E-Way Bill requirements where applicable

🔹 1-year time limit for inputs

🔹 3-year time limit for capital goods

🔹 Records you should maintain for goods sent and received back

What about GST on job work charges and selling goods directly from the job worker’s premises?

👉 Part 2 Coming Soon.

Follow for practical GST, Income Tax & business tax updates.

07/09/2026

Sole Proprietor & GST | Part 2 📊

Your shop is GST registered, but you also receive rental income in your personal name. Can you ignore it for GST?

Not necessarily.
For a sole proprietor, GST is not determined only by the trade name appearing on the GST certificate.

For GST registration and aggregate turnover, relevant activities under the same PAN across India need to be considered, subject to GST provisions.

So, you should also review other activities and receipts such as:

🔹 Commercial rent

🔹 Consultancy

🔹 Professional services

🔹 Other business activities
Even if you start another proprietorship under a different trade name, it does not automatically become a separate person for GST purposes.

But remember — not every credit in your bank account is GST turnover. Different receipts can have different GST treatments.

✅ A small review today can prevent big GST mistakes tomorrow.
Follow for practical updates on GST, Income Tax & business taxation.

05/09/2026

Sole Proprietor & GST | Part 1 📊

GST registration is in your business name. But can you simply ignore income earned in your personal name?

If you are a sole proprietor, don’t make this assumption.

What about:

🔹 Bank FD interest

🔹 Dividends from shares

🔹 Profit from investments

🔹 Rental income

🔹 Income from other business activities

GST does not automatically apply to every income you receive. Different types of income can have different GST implications.

So, simply calling something “personal income” may not be enough.

👉 Part 2 Coming Soon.

Follow for practical GST, Income Tax & business tax updates.

03/09/2026

Property Sale Value & Tax | Part 2 🏠

Your property's guideline value is ₹1 crore, but you can sell it for only ₹80 lakh. Will your capital gain still be calculated considering ₹1 crore?

If the difference is more than the permitted 10% variation, there may still be options available under the Income Tax provisions. The 110% threshold is reflected in the tax-return framework as well.

In this video, I explain:

🔹 When you can request a reference to a Valuation Officer

🔹 When the stamp-duty value on the agreement date may be considered

🔹 Why you should check the market value, guideline value and tax impact before selling

A little planning before the sale can make a big difference.

Follow for practical updates on Income Tax, GST & business taxation.

02/09/2026

Property Sale Value & Tax | Part 1 🏠

Sold your property for ₹80 lakh, but the guideline value is ₹1 crore?

In some cases, the market value of a property may be lower than its guideline/stamp-duty value.

For Income Tax purposes, while calculating capital gains, the actual selling price may not always be the value considered. If the guideline/stamp-duty value is higher, it may have to be considered for tax purposes.

So, even if you actually sell your property for ₹80 lakh, your capital gain could be calculated considering a higher value.

There is a permitted variation under the Income Tax provisions — but what happens when the difference is more?

Can you still reduce your tax impact legally?

👉 Watch Part 2 to know more.

01/09/2026

Ayudha Pooja Gifts & Tax | Part 2 🎁

Giving uniforms, free lunch, bonuses or incentives to your employees? Know the Income Tax & GST impact.

In this video, we cover:
👔 Employee Uniforms – Income Tax deduction & GST ITC implications

🍱 Free Lunch / Food Coupons – Business expenditure under Income Tax, while GST ITC on food and beverages is generally restricted

💰 Bonus & Incentives – Income Tax treatment of employee incentives

🎁 Gifts to Employees – GST implications and the ₹50,000 per employee per financial year threshold

This festive season, celebrate with your employees 🎉 — but make sure the tax implications are taken care of too.

Follow for practical GST, Income Tax & business tax updates.

31/08/2026

Ayudha Pooja Gifts & Tax | Part 1 🎁

Planning to give Ayudha Pooja gifts to your employees?

Know the Income Tax & GST impact before you do.

🔹 Employee gifts and staff welfare expenses may qualify as business expenditure for Income Tax purposes.

🔹 Under GST, gifts up to ₹50,000 per employee in a financial year are not treated as a supply.

🔹 For gifts above ₹50,000, the GST implications need to be checked carefully.

What about uniforms, food coupons and employee incentives? 👔🍱💰

👉 Part 2 Coming Soon.

Follow for practical GST & Income Tax updates for businesses.

Address

Old No. 20
New
600010

Website

Alerts

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

Shortcuts

Share

Category