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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 Circular

RELAXATION FROM CERTAIN PROVISIONS OF COMPANIES ACT, 2017 DUE TO COVID-19   Due to outbreak of COVID-19 and existing circumstances in the Pakistan and around the world, SECP vide circular # 6/2020 dated march 22, 2020 granted relaxation from compliance with provisions of Companies Act, 2017 related to filling of statutory returns, holding of AGM [...]

By | March 24th, 2020|News|0 Comments

FBR NOTIFICATION

FBR issued SRO 233(I)/2020 dated March 18, 2020 to bring changes in sales tax regime for Imported white crystalline sugar. The minimum import price of US $ 725 per metric ton for the purpose of calculating 17% sales tax have been abolished and now sales on imported sugar will be calculated at its actual price [...]

By | March 19th, 2020|News|0 Comments

FBR Notification

Introduction   SRO. Ref: 233(1)/2020 dated 16th March 2020 has been issued to make amendments in Chapter XIV-B of Sales Tax Rules, 2006 relating to Electronic monitoring, tracking and tracing of Specified goods and licensing therefore. The amendments have been briefly discussed as follows:   Commentary   RULE 150 ZF Scope of the application of [...]

By | March 18th, 2020|News|0 Comments

SECP Circular

Circular No. 5 of 2020

By | March 18th, 2020|News|0 Comments

KCO Notification

COVID 19 CORONA ADVISORY

By | March 16th, 2020|News|0 Comments

KCO Newsletter February 2020

KCO Newsletter Feb 2020In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of February 2020. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (FEBRUARY 2020.) KCO Newsletter Feb 2020 This Newsletter envisages following aspects: COMMENTARY ON APPELLATE [...]

By | March 6th, 2020|News, Publications|0 Comments

IFRS 9 – Calculation of Impairment Loss

This blog is written by Mr. Zahid Mehmood, ACA, FCCA, Partner, Khilji and Co. Please read this blog and provide your valued comments. In July 2014, the International Accounting Standards Board (IASB) issued IFRS 9 “Financial Instruments effective for annual periods beginning on or after July 01, 2018. In Pakistan, the Standard was adopted and [...]

By | March 3rd, 2020|Blog, News|0 Comments

Non-Applicability of Invoking Provisions of Section 221 against an order Treated to have been issued under Section 120(1)(B)

This blog is written by Mr. Hussain Mehmood, Senior Manager, Taxation Advisory Services. Please read this blog and provide your valued comments.   Non-Applicability of Invoking Provisions of Section 221 against an order Treated to have been issued under Section 120(1)(B)   This blog is on the subject of a practice adopted by the FBR [...]

By | March 2nd, 2020|Blog, News|0 Comments

Blacklisting and Suspension of Sales Tax Registration

This blog is written by Mr. Muhammad Shafaat Ali, Assistant Manager Taxation Advisory Services. Please read this blog and provide your valued comments. Blacklisting and Suspension of Sales Tax Registration  Section 21 of the Sales Tax Act 1990, and Rule 12 of the Sales Tax Rules, 2006 explained the blacklisting and suspension of sales tax registration. The Commissioner may suspend/black [...]

By | February 24th, 2020|Blog, News|0 Comments

Share Valuation

This blog is written by Mr. Ahmed Yar Khan, Senior Manager Audit and Assurance Services.  Please read this blog and provide your valued comments Share Valuation Valuation of shares is the process of determining the fair value of the company shares. Share valuation is done based on quantitative techniques and share value will vary depending on the [...]

By | February 22nd, 2020|Blog, News|0 Comments