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
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Federal Board of Revenue through a communication to all Chief Commissioners Inland Revenue of LTUs / RTOs has issued Extension of following Filing of Submissions Items Due Date Extended Date Annexure C and Annexure I 10 Aug 2019 19 Aug 2019 Payment of Sales Tax and Federal Excise Duty 15 Aug 2019 21 [...]
Federal Board of Revenue through a communciation to all Chief Commisisoners Inland Revenue of LTUs / RTOs has issued Extension of following Filing of Submisisons Items Due Date Extended Date Annexure C and Annexure I 10 Aug 2019 16 Aug 2019 Payment of Sales Tax and Federal Excise Duty 15 Aug 2019 19 [...]
