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CA Sahil Jolly

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Concept and Tax effect of Switching in Mutual Funds

Income Tax : Article explains What is Switching, Benefits of Switching, Tax effect of Switching If the units are held as stock-in-trade and Tax...

June 6, 2020 99467 Views 10 comments Print

How to Calculate Tax on Agricultural income

Income Tax : Agricultural income is exempt from Income Tax under section 10(1) of the Income Tax Act, 1961. However, its included, for rate pur...

March 18, 2020 683736 Views 47 comments Print

Form 26AS with respect to TDS: Knowhow

Income Tax : Form 26AS is, in essence, an acknowledgement of sorts when it comes to Tax Deducted at Source (TDS). Which is to say that Form 26A...

July 20, 2018 131447 Views 47 comments Print

Support Nation, Support our PM Narendra Modi

Fema / RBI : Terrorism and ugly politics, funded by black money, are a cancer for India and PM Narendra Modi is the only Doctor who can cure it...

November 16, 2016 7804 Views 47 comments Print

Taxation in Dubai

Income Tax : Let’s dream, let’s take a breather, let’s talk about Taxation in Dubai Dubai, one of the Seven Emirates that together form U...

June 2, 2015 15820 Views 0 comment Print


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ISA Assessment Test (DISA) Registration started for June 2015 Exam

CA, CS, CMA : All those who are gearing up for ISA Assessment Test (DISA), registrations for the Assessment Test to be held in June 2015 have st...

May 23, 2015 4146 Views 0 comment Print


Latest Posts in CA Sahil Jolly

Concept and Tax effect of Switching in Mutual Funds

June 6, 2020 99467 Views 10 comments Print

Article explains What is Switching, Benefits of Switching, Tax effect of Switching If the units are held as stock-in-trade and Tax effect of Switching  If the units are held as investments. Hi, almost all of us are aware of investing in Mutual Funds and their respective Tax effects. However, some areas still remain Grey for […]

How to Calculate Tax on Agricultural income

March 18, 2020 683736 Views 47 comments Print

Agricultural income is exempt from Income Tax under section 10(1) of the Income Tax Act, 1961. However, its included, for rate purposes, in computing the Income Tax Liability if following two conditions are cumulatively satisfied: Net Agricultural income exceeds INR 5,000/- for P.Y. 2014-15, and Total income, excluding net Agricultural income, exceeds INR 2,50,000/-.

Form 26AS with respect to TDS: Knowhow

July 20, 2018 131447 Views 47 comments Print

Form 26AS is, in essence, an acknowledgement of sorts when it comes to Tax Deducted at Source (TDS). Which is to say that Form 26AS shows the amount of TDS, which has been deducted and is available as credit against our Income Tax liability, if any. To understand this concept and in order to make it work in ones favour, one needs to understand the basics with respect to TDS and Form 26AS

Support Nation, Support our PM Narendra Modi

November 16, 2016 7804 Views 47 comments Print

Terrorism and ugly politics, funded by black money, are a cancer for India and PM Narendra Modi is the only Doctor who can cure it.

Taxation in Dubai

June 2, 2015 15820 Views 0 comment Print

Let’s dream, let’s take a breather, let’s talk about Taxation in Dubai Dubai, one of the Seven Emirates that together form United Arab Emirates (UAE), has one of the most liberal Taxation systems in the World. Dubai maintains its own judicial system, separate from the other Emirates. Currently no Taxes are payable on Income by […]

Multiple DIN- Show Cause Notice U/s. 266G of Companies Act 1956

June 2, 2015 4590 Views 0 comment Print

These days quite some number people are getting Show Cause Notice under section 266G of the Companies Act 1956. What’s this notice all about? As per Section 266C of the Companies Act 1956, No individual, who had already been allotted a Director Identification Number under Section 266B, shall apply, obtain or possess another Director Identification Number (DIN).

Eligibility for training of Articled Assistants under CA Regulations

May 30, 2015 43847 Views 4 comments Print

 As per The Chartered Accountant Regulations 1988, Regulation 43, Member(s) designated as an Associate or Fellow, who has been in Practice continuously, whether in India or elsewhere or an Associate or Fellow, who is deemed to be in Practice within the meaning of explanation to sub-section (2) of Section 2 of the Act, shall only […]

All about Form 49C and its submission by liaison office

May 28, 2015 65657 Views 3 comments Print

The last date for filing of Form 49C is almost there and it’s 30th May 2015 which was notified vide Notification No.5/2012 dated 6-2-2012 with effect from 1st April 2012. Form 49C is primarily required to be filed by Non-residents having Liaison office(s) in India. It is to be filed in pursuance of Section 285 […]

CPE hours requirement for 2014-16

May 25, 2015 4728 Views 0 comment Print

Continuing Professional Education (CPE) hours requirement for 2014-16 Kindly note the following requirements w.r.t. completion of CPE hours for the period 1st January 2014 to 31st December 2016. A. Members, less than 60 years of age, holding Certificate of Practice except the ones who are residing abroad need to: Complete at least 90 CPE hours […]

ISA Assessment Test (DISA) Registration started for June 2015 Exam

May 23, 2015 4146 Views 0 comment Print

All those who are gearing up for ISA Assessment Test (DISA), registrations for the Assessment Test to be held in June 2015 have started. Registrations for online applications started on 21st May 2015 at 10:00 AM and shall remain active till 4th June 2015 till 5:30 PM. Fees to be paid online is INR 1,100/-.

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