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All blogs are written independently by each writer .Under no circumstances khilji & co bears responsibility or necessarily agrees with the views of any authors. These blogs also do not constitute provision of legal advice or professional opinion for and on behalf of khilji & co.

SECP Notice

IMPLEMENTATION OF SECTION 72 OF THE COMPANIES ACT, 2017-CONVERSION OF PHYSICAL SHARES INTO BOOK-ENTRY FORM   Background   Section 72 of the Companies Act, 2017 (the “Act”) requires every company having share capital to have its shares in book-entry form only, from the date notified by the Commission. Further, every existing company is required to [...]

By | May 10th, 2021|News|0 Comments

PRA Information

Dear Valued Client,   Punjab Revenue Authority has issued information, wherein due Date of payment of Punjab Sales Tax and Filing of Sales Tax Returns / withholding statements for tax period April 2021 has been extended as per following:   Due Date of payment of Punjab Sales Tax and Filing of Sales Tax Returns / [...]

By | May 7th, 2021|News|0 Comments

FBR Information

Dear Valued Client,   Federal Board of Revenue has issued information, wherein due to holidays of Eid ul Fitr, date of Payment and Submission of Sales Tax and FED return for Tax period April 2021 have been extended as per following:   Payment of Sales Tax and FED:                                         May 18, 2021   Submission of Sales [...]

By | May 6th, 2021|News|0 Comments

KCO Newsletter March 2020

      KCO Newsletter March 2021

By | April 12th, 2021|News, Publications|0 Comments

Withdrawal of Income Tax Exemptions and Pakistan’s IT Sector

This blog is written by Mr. Ahmad Yar Khan. Please read this blog and provide your valued comments The Government through the promulgation of Tax Laws (Amendment) Ordinance, 2021 approved the withdrawal of around 80 income tax exemptions. One of the industries impacted by this withdrawal is the IT and IT enabled services sector. It [...]

By | April 7th, 2021|Blog|0 Comments

Lifting the Veil of Ultimate Beneficial Ownership

This blog is written by Mr. Agha Mudassar Khan. Please read this blog and provide your valued comments Lifting the Veil of Ultimate Beneficial Ownership   Knowledge about real owners of any corporate vehicle is pivotal in worldwide efforts to fight against corruption, preventing money laundering, countering terror financing and combating tax frauds. Numerous empirical [...]

By | April 6th, 2021|Blog|0 Comments

FATF RECOMMENDATIONS RELATED TO DNFBPs AND CHALLENGES FACED BY FBR

KCO BLOGS 2021 FATF RECOMMENDATIONS RELATED TO DNFBPs AND CHALLENGES FACED BY FBR This blog is written by Mr. Abdul Hafeez. Please read this blog and provide your valued comments INTRODUCTION:   The FATF research highlighted a trend in the use of complex commercial arrangements by money launders (ML) and terrorism financiers (TF) to hide [...]

By | April 5th, 2021|Blog|0 Comments

YEAR TWENTY-20 VS PAKISTAN ECONOMY

This blog is written by Mr. Asim Habib. Please read this blog and provide your valued comments Though, the year 2020 will be remembered in history as the year of pandemic and its devastation across the world. However, at the same time, the world will remember this year in redefining the word “normal”. The pandemic [...]

By | April 2nd, 2021|Blog|0 Comments

NOTICE UNDER RULE 44(4) OF INCOME TAX RULES 2002

This blog is written by Mr. Saif Uddin Khilji. Please read this blog and provide your valued comments   NOTICE UNDER RULE 44(4) OF INCOME TAX RULES 2002   This notice has become a norm and nearly every withholding agent is receiving this and being asked by the department to provide reconciliation under Rule 44(4) [...]

By | April 1st, 2021|Blog|0 Comments

COMMODITY / MERCANTILE EXCHANGE IN PAKISTAN

This blog is written by Mr. Nauman Ul Qadeer. Please read this blog and provide your valued comments The purpose of this blog is to give a brief introduction about commodity / mercantile exchange and to identify registration / licensing requirements of Future Brokers only.   Introduction   Commodity Exchange or Mercantile Exchange is a [...]

By | March 31st, 2021|Blog|0 Comments