The Securities and Exchange Commission of Pakistan has issued S. R. O. 483 (I)/2018 dated April 17, 2018. Through the aforementioned SRO SECP has notified Amendments to the Companies (Incorporation) Regulations, 2017. Please click below to view the complete SRO. 180418-205.1 - Amendments in Co (Inc) Regs 2017- SRO 483
The Senate of Pakistan has recently passed an Act tiled as "Corporate Rehabilitation Bill, 2018”. The Act has been promulgated to ensure rehabilitation and reorganization of corporate organization who are being troubled or going through a distressful patch. Please click below to read the complete act. 180418-206.1 - Corporate Rehabilitation Act 2018
This blog is written by Mr. Waheed Ahmed, Associate Audit and Assurance Services. Please read this blog and provide your valued comments. Materiality For purposes of the ISAs, performance materiality means the amount or amounts set by the auditor at less than materiality for the financial statements as a whole to reduce to an appropriately low level [...]
This blog is written by Mr. Faisal Farooq Associate, Taxation Services. Please rad this blog and provide your valued comments. How to File a Monthly Sales Tax Return? There are some steps to file a sales tax return in Federal board of Revenue portal which are as follow. The first is to visit the official [...]
This Blog is written by Mr. M. Basir Dawer, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Set off and Carry Forward of Losses While computing income of a person under a head of income, if the sum of deductions allowed to a person under the head exceed the [...]
This blog is written by Mr. Atif Jan, Audit Associate. Please read this blog and provide your comments. Initial Allowance - (Section 23) Initial Allowance is allowable @ 25% at the cost of an asset (15% in case of building) if the asset is used for business purpose in the tax year in which asset [...]
The Baluchistan Revenue Authority (BRA) issued Notification Ref: (Not mentioned) dated (not mentioned). This Notification has been uploaded on BRA website on April 13, 2018. Through the aforementioned Notification BRA has issued Sales Tax (ST) Special Procedure (WHT) Rules, 2017 These are Rules are retrospectively from 1 July 2017. Please click below to view the [...]
This blog is written by Mr. Awais Mumtaz, Associate Tax and Audit Services. Awais Sahib is one of most dynamic and multi talented team member. His analytical qualities and expression of written communication especially official ones are brilliant. This particular blog is perfect testimonial of is abilities regarding writing on difficult topics. Please read this [...]
In continuation of our recently adopted trend, we are pleased to present and publish our Newsletter for the month of March 2018. Khilji & Co, Chartered Accountants Newsletter (March 2018) KCO Newsletter (March 2018) This Newsletter envisages following aspects: A special supplement provides Commentary on Economic and Tax Reform Package 2018 (Amnesty Scheme) Summary of Notifications [...]
The Securities and Exchange Commission of Pakistan has issued Notification Ref: S.R.O. 434 (I)/2018. dated 9th April, 2018 Through the aforementioned Notification, SECP has directed that the following International Financial Reporting Standard (IFRS) and any further revisions thereof, issued by the International Accounting Standards Board, shall be followed for the preparation of financial statements by [...]
