This blog is written by Mr. M. Wasim Roshan, Senior Associate Taxation, Audit and Corporate Services. Please send this procedural blog and provide your valued comments. Tax Amnesty Scheme 2018, How to move through FBR online system Calculate your taxes Once you have registered, you will be able to log into Iris, Calculating taxes on [...]
This bog is written by Mr. Faisal Farooq, Associate Tax Services. Please read this bog and provide us your valued comments. Income Tax Statement Section 165 For filing income statement u/s 165 is to visit FBR portal. There are two types of portals of fbr i-e Iris and the other one is e-filing. For filing [...]
Institute of Chartered Accountants of Pakistan, ICAP, has issued Circular 9 the Accounting Guide on ‘Financial Reporting under the Companies Act 2017 Your Questions Answered’ and Disclosure Checklists for the Fourth and Fifth schedule of the Companies Act 2017. Professional Commentary The Institute’s Technical Services Department on the instructions of the Accounting Standards Board has prepared [...]
Introduction Federal Board of Revenue has issued notification ref: SRO 890/(I)/2018 dated July 23, 2018. Commentary The said SRO issued is giving effect to the decisions taken in Economic Coordination Committed (ECC) in meeting held on May 31, 2018 for considering the financial matters arising after the 31st amendment in Constitution of Islamic Republic of [...]
Introduction Federal Board of Revenue has issued notification ref: SRO 889/(I)/2018 dated July 23, 2018. Commentary The said SRO issued is giving effect to the decisions taken in Economic Coordination Committed (ECC) in meeting held on May 31, 2018 for considering the financial matters arising after the 31st amendment in Constitution of Islamic Republic of [...]
Introduction Federal Board of Revenue has issued notification ref: SRO 888/(I)/2018 dated July 23, 2018. Commentary The said SRO issued is giving effect to the decisions taken in Economic Coordination Committed (ECC) in meeting held on May 31, 2018 for considering the financial matters arising after the 31st amendment in Constitution of Islamic Republic of [...]
Introduction Federal Board of Revenue has issued notification ref: SRO 887/(I)/2018 dated July 23, 2018. Commentary The said SRO issued is giving effect to the decisions taken in Economic Coordination Committed (ECC) in meeting held on May 31, 2018 for considering the financial matters arising after the 31st amendment in Constitution of Islamic Republic of [...]
Introduction Federal Board of Revenue has issued General Office Order ref: 5/93-STB/2018/89721-R dated July 23, 2018. Commentary The Office order bearing number 5/93-STB/2018/89721-R dated July 23, 2018 is an office order containing the brief commentary on sales tax and FED measures introduced through Finance Act, 2018. The said measures have been discussed in detail in our [...]
This blog is written by Mr. Sohail Arif, Senior Associate, Audit and Assurance Services. Please read this blog and provide your valued comments. Portfolio Management The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as portfolio management. Portfolio management refers to managing an individual’s investments [...]
Institute of Chartered Accountants of Pakistan, ICAP, has issued Circular 8, Illustrative Financial Statements and Disclosure Checklist prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) and fifth schedule to the Companies Act 2017. This document and attached Circular is essential to understand regarding the presentation and disclosure [...]
