ASSETS DECLARATION (PROCEDURE & CONDITIONS) RULES, 2019
Amnesty Rules and Procedures 2019 20195251352115562SRO578of2019 https://khilji.net.pk/wp-content/uploads/2019/05/2019515353034828ADO2019.pdf
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Minimum Tax On the Income of Certain Persons
This blog is written by Mr. Muhammad Faisal Farooq, Associate Taxation Advisory Services. Please read this blog and provide your valued comments. MINIMUM TAX Sec.113. MINIMUM TAX ON THE INCOME OF CERTAIN PERSONS: This section shall apply to: To a Resident Company: To an individual (having turnover of fifty million rupees or above in the tax year [...]
Advance Tax Under Section 147
This blog is written by Mr. Abbas Shahid, Associate Taxation Advisory Services. Please read this blog and provide your valued comments. Advance Tax Under Section 147 Subject to sub-section (2) of section 147, every taxpayer whose income was charged to tax for the latest tax year under this Ordinance or latest assessment year under the repealed Ordinance [...]
SRB Notifications
Introduction Sindh Revenue Board (Government of Sindh) issued following Two Notifications ref: SRB-3-4/9/2019 SRB-3-4/10/2019 Both the above SROs were issued on June 15, 2019 Commentaries SRB-3-4/9/2019 Through the above mentioned notification, the whole of the amount of Penalty and such of the default surcharge on the Principal amount of contribution of outstanding [...]
Property Tax in Pakistan
This blog is written by Mr. Abbas Shahid, Associate Taxation Advisory Services. Please read this well explained blog and provide your valued comments. The second blog from the same Author will be published tomorrow. Property Tax Property tax in Pakistan is a provincial tax levied on annual rental value of the property, based on Urban [...]
Sales Tax Return
This blog is written by Mr. Faisal Farooq, Senior Associate Taxation. Please read this blog and provide your valued comments. Sales Tax Return For Sales tax return is to visit FBR portal. There is a portal of FBR. For filing Sales tax return, we need to visit FBR i-e is www.e.fbr.gov.pk. When you open the [...]
SECP Notification
Introduction SECP issued SRO ref: 592(I)/2019 on May 28, 2019. Commentary SECP vide S.R.O No.592 (I)/2019 dated May 28, 2019 made amendments to the Securities Brokers (Licensing and Operations) Regulations, 2016, by substituted regulation 12 sub-regulation 7. Now a securities broker shall advertise its business publically only in accordance with the guidelines [...]
KCO Newsletter– May 2019
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of MAY 2019. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (MAY 2019) KCO Newsletter May 2019 This Newsletter envisages following aspects: COMMENTARY ON [...]
Filing of Refund Claim
This blog is written Mr. Shahwazir Safi, Senior Associate Taxation. Please read this blog and provide your valued comments. Filing of refund claim Monthly sales tax return filed by a claimant shall be treated as a refund claim once all the supportive documents including the requisite data in the format or software (RCPS), has been received. Provided [...]
IAS 1 Presentation of financial statements
This blog is written by Mr. Omar Rafeh Chughtai, Senior Associate Taxation. Please read this blog and provide your valued comments. IAS 1 Presentation of financial statements IAS 1 sets out the overall requirements for the presentation for financial statements, their minimum requirements and their structure. This standard also explains the general features of financial statements like [...]