Securities and Exchange Commission of Pakistan has issued S.R.O. Ref: No 1278 (I)/2017. dated December 22, 2017. In aforementioned SRO, SECP has made amendments to the Stock Exchanges (Corporatisation, Demutualization and Integration) Regulations, 2012. Please click below to view the original notification. Amendment to the SE Demutualization Regulations 2012
The Securities and Exchange Commission of Pakistan has issued S.R.O Ref: 1279 (I)/2017. dated November 8, 2017. Through the aforementioned SRO, SECP has made amendments in the Non-Banking Finance Companies and Notified Entities Regulations, 2008. Please click below to view the complete SRO. Amendment to NBFC Regulations
Please note that Federal Bureau Revenue has not extended return filing date for individuals & AOPS therefore those who have failed to file their returns are exposed to default surcharge, penalties and selection for mandatory tax audit under section 214D. Please note mandatory selection for tax audit under section 214D can still be avoided if [...]
Federal Board of Revenue has issued Letter Ref: No. 1(130)SS(BDT)/2017-BTD/146830 dated 5 December 2017. Through this letter FBR circulated information regarding the introduction of integrated facility, which will help every taxpayer to verify authenticity of all notices and orders issued through the system on the basis of bar code number through FBR website i.e. www.fbr.gov.pk Please [...]
Securities and Exchange Commission of Pakistan has issued Circular No 32 of 2017 ref No. CLD/CCD/PR/11/2017, dated December 04, 2017. The aforementioned Circular carries "Compliance with the requirements of Section 452 of Companies Act 2017”. It is important to note companies which do not have any such owners are still required to file NIL form. [...]
Federal Board of Revenue has issued Circular No 11 of 2017 (ref: C.No.2(2)Tax.Base/2010-Pt-1) on November 30, 2017. This Circular states that the Date of Filing of Income Tax Returns / Statements for Tax Year 2017 has been extended upto December 15, 2017 The new date i.e. December 15, 2017 will be applicable for Individuals and Association [...]
Federal Board of Revenue has issued SRO ref: 1217(I)/2017 dated November 24,2017. Through the aforementioned SRO, FBR has issued clarification about the Exemption from the provisions of section 7B of the Income Tax Ordinance 2001, for recipients of profit on debt from Behbood Saving Certificates or Pensioners' benefit accounts. Please click below to view the [...]
Federal Board of Revenue has issued letter ref : 1(120)SS(BDT)/2017-BTB/141252 dated November 20, 2017. Through the aforementioned Letter, FBR has informed that each withholding agent can verify originality of Online Exemption Certificate by click on the link mentioned (Also please see the link below) https://e.fbr.gov.pk/esbn/ Please click lick mentioned below to read the complete Letter from FBR [...]
Punjab Revenue Authority has issued Circular 1 of 2017 ref: PRA/Circulars.75/2017/797 of dated November 16, 2017. The aforementioned Circular is regarding Punjab Sales Tax and discusses Manual entry of claims of Input Tax on Utilities under-STRIVE. Please click on the link below to view the original Circular. Circular-No-01-of-2017-dated-16-11-2017-Manual-Entry-of-Claims-of-Input-Taxon-Utilities-under-STRIVE
Securities and Exchange Commission of Pakistan has issued Circular No 29 of 2017 ref No. CLD/CCD/602/29/2007 - 1889, dated November 22, 2017. The aforementioned Circular carries "Intimation for no change of particulars in last filed annual return by companies". Please click below to view the original Circular and Subsequent Attachment. Circular No. 29 of 2017 [...]
