Introduction Sindh Revenue Board (SRB) issued SROs ref SRB-3-4/29/2019, SRB-3-4/31/2019; and, SRB-3-4/32/2019 on August 3, 2019 Commentary Notification SRB-3-4/29/2019 amends description of services and conditions and restrictions for exemption under the heading of tariff No. 9802.4000, from “Advertisement in newspapers and periodicals” to “Advertisement in newspapers and periodicals published in Sindh”, in [...]
Introduction Federal Board of Revenue issued SRO ref: 904(I)/2019 (Custom / Sales Tax) dated August 2, 2019 Commentary Through this notification FBR has made amendments in Notification No. S.R.O. 678(I)/2004 dated August 07, 2004 under Sales Tax Act, 1990 and Custom Act, 1969. The amendments are made under the exercise of powers [...]
CMC_regulations_2019 Detailed Commentary SECP CMC 2019
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of JULY 2019. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (JULY 2019) KCO July 2019 Newsletter This Newsletter envisages following aspects: BIG NEWS [...]
This is the commencement of next season of Blog Writing. This blog is written by Mr. Sharif Uddin Khilji, FCA. Please read this blog and provide your valued comments. Ten (10) Key points of Fixed Tax Scheme for small shopkeepers FBR has issued draft of two schemes, one for small shop keepers and one for traders other [...]
Federal Board of Revenue has issued Circular 10 of 2019 dated August 2, 2019 Through the aforementioned Circular, FBR has extended the date of filing of Income Tax REturns / Statements for the Tax Year 2018 for Individuals/ AOPs and Companies upto August 9, 2019. Please click on the link below to read original [...]
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Federal Board of Revenue has issued following in DRAFT INCOME TAX SPECIAL PROCEDURE FOR SMALL SHOPKEEPERS For Small Shopkeepers Scheme under section 99B of the Income Tax Ordinance, 2001 for views and comments. Proposals from stakeholders as well as general public are invited for any modification in the aforesaid scheme. After public review [...]
Federal Board of Revenue has issued Circular 02 of 2019 dated August 1, 2019 Through the aforementioned Circular, FBR has issued Clarifications regarding Sales Tax Invoicing. Broadly this circular contains clarifications like: 1."Sales Tax can only be recovered from the customer if the supplier is registered for Sales Tax Purposes and reflects the [...]
Federal Board of Revenue has issued Circular 10 of 2019 dated July 31, 2019. Through the aforementioned Circular, FBR has issued extension in the date of filing of Bi-Annual Witholding Statements under Section 165 till August 20, 2019. It is pertinent to note that according the Finance Act 2019, the Bi-Annual Witholding Statements [...]
