Articles by Sahil Jolly

Eligible activities for Corporate Social Responsibility (CSR) expenditure

Sahil Jolly 29 May 2015 at 11:38

Activities which are eligible for CSR expenditure in pursuance of Schedule VII of the Companies Act 2013 are as follows: Eradicating hunger, poverty and

The concept and tax effect of switching in mutual funds

Sahil Jolly 28 May 2015 at 10:24

Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects.However, some areas still remain Grey for some and one such area is Switching in Mutual Funds.What is

Opening an account under Capital Gain Scheme 1988

Sahil Jolly 21 May 2015 at 10:53

Opening an account under Capital Gain Scheme 1988 You�ve had a Long Term Capital Gain under the respective Section(s) of the Income Tax Act. Now, you must be wondering as to how you will save yourself from the Tax liability arising as a result

Fees u/s 234E held as constitutionally valid, will still missing

Sahil Jolly 19 May 2015 at 10:53

Fees u/s 234E held as constitutionally valid, will still missing�. Recently, in the case of Rashmikant Kundalia and another vs Union of India and others, the constitutional validity of the fees being charged u/s 234E for delay in filing TDS re

Form 26AS, its worth the effort, check it!

Sahil Jolly 02 April 2015 at 10:22

This article is primarily meant for interest earners wherein they earn interest income from Fixed deposits and etc. other interest bearing instruments.While putting money in Fixed deposits and etc. ot

We the people or we the sitting ducks

Sahil Jolly 19 February 2015 at 10:48

Almost all of us go for family outings every now and then and one of the most important activities, without which an outing is not complete, is having a meal at a nice Resta

Fast track exit mode for defunct companies under section 560

Sahil Jolly 10 February 2015 at 10:56

Fast Track Exit mode for Defunct Companies under section 560 of the Companies Act 1956 A number of Companies registered under the Companies Act 1956 are inoperative since incorporation or commenced business but became inoperative or defunct later on

Bait Money check with respect to Concurrent Audit of Banks

Sahil Jolly 04 February 2015 at 10:26

Bait Money check with respect to Concurrent Audit of Banks The concept of Bait Money!Bait Money is a security feature used by various Banks/Bank branches. As its name suggests, this money kept with the Banks/Bank branches helps in tr

Dedicated to The Institute and The Chartered Accountants

Sahil Jolly 19 January 2015 at 11:19

Dedicated to The Institute of Chartered Accountants of India and The Chartered Accountants I will start with our Motto,With regard to the Institute and its members in toto. That person who is awake in those that sleep,Works day and night to take a g

Value Dating check in relation to Concurrent Audit of Banks

Sahil Jolly 13 January 2015 at 10:19

Value Dating check in relation to Concurrent Audit of Banks Dear Professional colleagues, Concurrent Audit of Banks are fast gaining significance in the wake of increase in Non-Performing Assets (NPA) and other irregularities which have surfaced in t