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FBR Circular

INTRODUCTION   Federal Board of Revenue issued letter dated November 20, 2019   COMMENTARY:   Through this letter, FBR has extended date of Submission of Sales Tax and Federal Excise Return for Tax Period October 2019 are as follows:   Submission of Sales and Federal Excise Return                     November 25, 2019   Prior to above indicated [...]

By | November 20th, 2019|News|0 Comments

SECP Notification

EFFECTIVE DATE OF IFRS – 9 (FINANCIAL INSTRUMENTS) IN PLACE OF INTERNATIONAL ACCOUNTING STANDARD (IAS) 39 (FINANCIAL INSTRUMENTS RECOGNITION AND MEASUREMENT) FOR NON-BANKING FINANCE COMPANIES   INTRODUCTION   The Securities and Exchange Commission of Pakistan issued SRO 1332(I).2019 on November 7, 2019.   COMMENTARY   SECP vide S.R.O. 1332(I)/2019 dated November 07, 2019 has modified [...]

By | November 13th, 2019|News|0 Comments

FBR Notification

INTRODUCTION   The Federal Revenue Board (FRB) issued S.R.O. 1320(I)/2019 dated November 08, 2019.   COMMENTARY   Through aforementioned SRO, FBR has proposed draft amendments to The Income Tax Rules 2002. The draft is open for comments by any person affected by the proposed amendments within 7days of the issuance of the subject notification.   [...]

By | November 12th, 2019|News|0 Comments

FBR Notification

INTRODUCTION   The Federal Revenue Board (FRB) issued S.R.O. 1321(I)/2019 dated November 08, 2019.   COMMENTARY   Through aforementioned SRO, FBR made following amendment The Twelfth Schedule to the Sales Tax Act 1990 whereby the goods as specified in the Third Schedule on which tax is paid on retail price basis are excluded from levy [...]

By | November 12th, 2019|News|0 Comments

KCO Newsletter October 2019

In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of OCTOBER 2019.   Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (OCTOBER 2019)   KCO October 2019 Newsletter    This Newsletter envisages following aspects:                                                                                                                          COMMENTARIES OF [...]

By | November 6th, 2019|News|0 Comments

Peshawar Training

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By | November 5th, 2019|News|0 Comments

SECP Notification

AMENDMENTS IN THE NON-BANKING FINANCE COMPANIES AND NOTIFIED ENTITIES REGULATIONS, 2008   SECP vide S.R.O. 1233 (I)/2019 dated October 16, 2019 made amendments in the Non-Banking Finance Companies and Notified Entities Regulations, 2008.   Non-Banking Finance Companies (NBFCs) and Notified Entities Regulations, 2008 (afterwards referred as “Regulations”) apply to NBFCs, carrying out leasing, investment finance [...]

By | November 5th, 2019|News|0 Comments

SECP Notifications

INTRODUCTION   Securities and Exchange Commission of Pakistan issued following SROs   S. R.O. 1283 (I)/2019 dated October 28, 2019 S. R.O. 1285 (I)/2019 dated October 28, 2019 S. R.O. 1286 (I)/2019 dated October 28, 2019 S. R.O. 1284 (I)/2019 dated October 28, 2019 COMMENTARY AMENDMENTS IN “DEBT SECURITIES TRUSTEES REGULATIONS, 2017” SECP vide S.R.O. [...]

By | November 5th, 2019|News|0 Comments

Workshop Peshawar

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By | November 2nd, 2019|News|0 Comments

FBR Information

INTRODUCTION   Federal Board of Revenue issued letter dated October 31, 2019   COMMENTARY:   Through this letter, FBR has extended date of Payment and Filing of Sales Tax and Federal Excise Return for Tax Period September 2019 are as follows:   Submission of Sales and Federal Excise Return                     November 8, 2019   Prior to [...]

By | November 1st, 2019|News|0 Comments