Unexplained Income or Assets under the Income Tax Ordinance, 2001 This blog is written by Mr. Sachal Aftab, Senior Associate Taxation and Corporate Services. Please read this well written blog and provide your valued comments. Unexplained Income or Assets under the Income Tax Ordinance, 2001. If you are filing your income tax return with the innocent intention [...]
Corporate Taxation This blog is written by Mr. Ikram Ul Haq, Manager Taxation and Corporate Services. Please read this well written blog and provide your valued comments. Corporate Taxation Determination of taxable income The computation is generally based on the audited financial statements, subject to certain adjustments. Directly or indirectly, any income derived from PE or any [...]
PRA Registration This blog is written by Mr. M. Wasim Roshan, Senior Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. PRA Registration Requirement of registration. Every person engaged in providing taxable service or services or pay tax under the Act is required to be registered in the manner specified in [...]
Audit Documentation This blog is written by Mr. Waheed Ahmad, Associate Audit and Assurance Services. Please read this blog and provide your valued comments. Audit Documentation ISA 230 states that the objectives of audit documentation are to provide: a sufficient and appropriate record of the basis for the auditor’s report evidence that the audit was planned and [...]
This blog is written by Mr. Maaz Khan, Associate Audit and Assurance Services. Please read this blog and provide your valued comments. An Insight to IFRS 16(Leases) IFRS 16 Leases brings significant changes in accounting requirements for lease accounting, primarily for lessees. IFRS 16 replaces the existing suite of standard (IAS 17) and interpretations on leases Lessors [...]
This blog is written by Mr. Abdullah Saleem, Associate Audit & Assurance Services. Please read this blog and provide your valued comments. Think Like an Auditor Yet the professional literature, full of advice on how to conduct an audit, has little to say about how to maintain the proper mindset and make the right decisions. This article [...]
Deductions not allowed in Computing Income from Business This blog is written by Mr M. Basir Dawer, Senior Associate Taxation and Corporate Affairs. Please read this blog and provide your valued comments. Deductions not allowed in Computing Income from Business Section.21 of Income Tax Ordinance 2001 specifies different deductions which are not allowed while computing Income from [...]
To develop a winning strategy, know who you are fighting This Blog is written by Mr. Sohail Arif, Senior Associate Audit and Assurance Services. Please read this blog and provide your valued comments. To develop a winning strategy, know who you are fighting Business strategy is all about using uncertain information to make unalterable choices that best [...]
What Outsourcing Entails This blog is written by Mr. Awais Mumtaz, Senior Associate Taxation and Corporate Services. Please read this informative piece and provide us your valued comments. What Outsourcing Entails Organizations, these days, not only look for cost-effective solutions to systematically run non-core activities like accounting and payroll services, but also expect to add value in order [...]
This blog is written by Mr. Atif Jan, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Agreements for the Avoidance of Double Taxation & Prevention of Fiscal Evasion Section (107) For the purpose of this section the Federal Government may enter into a tax treaty with other Governments for [...]
