SECP NOTIFICATION DELEGATION OF POWER FOR FURTHER ISSUE OF CAPITAL INTRODUCTION Securities and Exchange Commission of Pakistan issued SRO # 1125 (I)/2019 dated September 20, 2019. COMMENTARY Securities and Exchange Commission of Pakistan (SECP/Commission) wide SRO # 1125 (I)/2019 dated September 20, 2019 has delegated powers and functions of the [...]
Detailed Commentary KCO10SPLMNT General Order Companies General Order 2019
INTRODUCTION Sindh Revenue Board issued Circular 5 of 2019 on September 16, 2019. COMMENTARY Through the aforementioned Circular, SRB has facilitated the Registered Persons including Withholding Agents who has adopted the SRB’s recent introduced system of STRIVe. Sindh Revenue Board has extended the the date of e-filing of Withholding [...]
INTRODUCTION Federal Board of Revenue issued circular ref: C.No. 9 (11)ST-LPE/Misc/2016 dated Septmber 16, 2019 COMMENTARY Through the aforementioned Circular, FBR has issued extension in the date for submission of Sales Tax and Federal Excise Return for the Tax Period of August 2019. The scheduled date of above return was September [...]
INTRODUCTION Security and Exchange Commission of Pakistan issued Notification ref: S.R.O. 961 (I)/2019. COMMENTARY APPLICATION OF AMENDMENTS BROUGHT THROUGH S.R.O. 888(I)/2019 DATED JULY 29, 2019 IN FOURTH AND FIFTH SCHEDULE OF THE COMPANIES ACT, 2017 SECP vide S.R.O. 961 (I)/2019. Dated 23rd August 2019 specified that the amendments brought through S.R.O. 888(I)/2019 dated July 29, [...]
INTRODUCTION Security and Exchange Commission of Pakistan issued Two Notifications ref: S.R.O. 985 (I)/2019 and S.R.O. 986 (I)/2019 on September 2, 2019. COMMENTARY S.R.O. 985 (I)/2019 REQUIREMENTS OF IFRS 9 (FINANCIAL INSTRUMENTS) WITH RESPECT TO APPLICATION OF EXPECTED CREDIT LOSSES METHOD SECP vide S.R.O. 985 (I)/2019 dated the 2nd September, 2019 granted exemption from the [...]
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of AUGUST 2019. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (AUGUST 2019) KCO August 2019 Newsletter This Newsletter envisages following aspects: BIG [...]
Introduction FBR issued has clarification in response to queries raised for the continuation of application of Serial No 1 and 3 of Part II of the First Schedule as well as section 235B of the Income Tax Ordinance, 2001, after abolition of SRO 1125(I)/2011 relating to zero rated sectors and SRO 480(1)/2007 specifying Sales [...]
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Workshop Material 22 Aug 2019
