Federal Board of Revenue issued letter ref: 1(2)SS(BDT)/2017/AJK/95984-R dated August 8, 2018. Through this letter Federal Board of Revenue has informed all concerned that Finance Act 2018 has brought about amendment in Clause 23A of section 2 of ITO 2001. According to aforementioned amendments all Taxpayers of Council Board of Revenue, AJK have not being [...]
This blog is written by Mr. Sachal Aftab Khan, Associate Taxation and Corporate Services. Please read this interesting piece of skillful written composition and provide your valued comments. Rags Repatriating Riches Since April 5, 2018 the people of Pakistan are indulged into a debate which has turned into whirlpool of public finance. The whole saga shook the [...]
This blog is written by Mr. Maaz Khan, Associate Audit and Assurance Services. Please read this blog and provide your valued comments. Assurance and it’s levels Assurance’ means confidence. In an assurance engagement, an ‘assurance firm’ is engaged by one party to give an opinion on a piece of information that has been prepared by [...]
This blog is written by Mr. Waheed Ahmed, Associate, Audit and Assurance Services. Please read this blog and provide your comments. Management Assertions and Audit Procedures Management is responsible for the fair presentation of financial statements that reflect the nature and operations of the entity. In representing that the financial statements are fairly presented in [...]
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of JULY 2018. Please click on link mentioned below to access and study the Khilji & Co, Chartered Accountants Newsletter (July 2018) KCO Newsletter July 2018 This Newsletter envisages following aspects: COMMENTARY ON INLAND REVENUE APPELLATE TRIBUNAL (ITAR): [...]
This blog is written by Mr. Abdullah Saleem, Associate Audit and Assurance Services. Please read this blog and provide your comments. The Importance of Audit Documentation Numbers don’t lie, but they also don’t talk. Instead, clearly documented words in a work paper speak for the numbers, and in the case of audit documentation, this is [...]
This blog is written by Mr. M. Baser Dawer, Associate Taxation and Corporate Services. Please read this blog and provide our valued comments. Offences and Penalties under Income Tax Ordinance 2001 Everyone should try his best to comply with laws ,rules and regulations to avoid any harsh consequences. Some of the non-compliances are of such a nature [...]
This blog is written by Mr. Awais Mumtaz, Senior Associate Taxation, Corporate and Accounting Services. Please read this well crafted and thought provoking blog and provide your valued comments. Law Abiding Tax Citizen Supporting developing countries in mobilizing domestic revenues and in fighting tax evasion is key in efforts to eradicate poverty and support government [...]
This blog is written by Mr. Atif Jan, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Group Taxation & Group Relief Group Taxation A locally incorporated holding company and subsidiary of a 100% owned group may be taxed as one group by giving an irrevocable option for taxation as one fiscal [...]
This blog is written by Mr. Ikram Ul Haq, Supervisor Taxation and Corporate Services. Please read this informative blog which is compiled on the basis of research. Please provide your valued comments. Hattar Special Economic Zone and its attractiveness for new business Hattar Economic Zone approved as Special Economic Zone by Federal Board of Investment. This is [...]
