This blog is written by Mr. Sohail Arif, Senior Associate Audit and Assurance Services. CURRENT TAX Recognize liability for unsettled portion of tax expense Recognize an asset to the extent amounts paid exceed amounts due Tax loss which can be used against future taxable income can be recognised as an asset (deferred tax asset). CURRENT TAX [...]
Institute of Chartered Accountants of Pakistan has issued Circular No 4 of 2018 dated March 26, 2018. This comprehensive Circular is about Statement of Compliance for the Financial Statement prepared Under the Companies Act 2017. ICAP through this Circular has issued detailed advisory to the companies regarding the requirement to prepare the statutory financial Statements [...]
This blog is written by Mr. Hussain Mehmood Asif, Manager Taxation and Corporate Advisory services. This blog is perfect testimony of the immensely sound grip of Hussain Sahib over the subject of Taxation especially their litigation aspect. We request our valued readers to please read this blog and also please forward / share to more avenues. This is [...]
This blog is the latest one for the ongoing Blog Series of KCO Blogs (Phase 2). This particular smallish blog is written by Mr. Rizwan Abbas, Associate Taxation and Corporate Services. This blog can be well understood if read in conjunction of yesterday's blog. Please read this blog and provide your comments. Company Name Reservation After completing [...]
Following is latest edition of Blog. This blog is written by Mr. M. Nabeel Ahmad, Senior Associate Taxation and Corporate Services. Mr. Nabeel has smartly written this blog which appropriately describes a fundamental SECP related procedure. Reading this blog will enable readers to gain sufficient knowledge from educational as well as practical point of views. Under the [...]
This is the latest edition of Blog written under KCO Blog Series (2nd Phase). This blow if written by Mr. Ijaz Ahmed Tajjak, Supervisor Audit and Assurance Services. Ijaz sahib is well versed with Auditing Procedures and Methodologies. In this blog he has tried to briefly explain Audit Techniques. Please read this blog and appreciate the effort of [...]
Following is the latest of the blogs published in the current series of KCO Blogs (Phase II) This blog is written by Mr. Mohsin Alizai, Supervisor, Taxation and Corporate Services. Please read this read which will hopefully enhance your knowledge about a particular technical aspect of Taxation Matter. FTR rules and salient benefits of opting for FTR [...]
The following is the latest of the blogs published for KCO Blogs (Phase 2). this particular blog is written by Mr. H. M. Shafaat Ali, Supervisor, Taxation and Corporate Services. Mr. Shafaat has summarized the the grand phenomenon of Sales Tax. Please provide this blog for enhancing your knowledge but also ascertain the immaculate command of [...]
The following is the latest one of Blog series of KCO (2nd Phase). This particular blog is written by Mr. M. Kaleem Majeed, Manager Taxation and Corporate Services. Kaleem Sahib is our Corporate Expert. He deals with clients and Govt Authorities with utmost easy and solves most complicated issues extremely amicably. Please read his blog [...]
Securities and Exchange Commission of Pakistan has issued Notification SRO ref: 360(I)/2018 dated March 16, 2018. Through the aforementioned SRO SECP has explained and notified definition of PIC under Companies Act 2017. Please click below to read the complete notification. Notify definition of PIC under SECP Act
