Income from Business This blog is written by Mr. Faisal Farooq, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Income from Business The following incomes of a person for a tax year, other than income exempt from tax under this Ordinance, shall be chargeable to tax under the head “Income from [...]
Procedure for Conversion of status of Private Company (Multi-Members) into Single Member Company This blog is written by Mr. Shahwazir Safi, Senior Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Procedure for Conversion of status of Private Company (Multi-Members) into Single Member Company Following procedure is required to be adopted for [...]
How to Register Oil & Gas Company Registration in Pakistan This blog is written by Mr. Rizwan Abbas, Senior Associate Taxation and Corporate Services. Please read this blog and prove your valued comments. How to Register Oil & Gas Company Registration in Pakistan Pakistan with ideal geographical location is recognized as gateway to central Asia and other [...]
Amending Assessment Order as a Result of Audit under Section 177 of Income Tax Ordinance 2001 This Blog is written by Mr. Muhammad Nabeel Ahmed Ch, Senior Associate Taxation and Corporate Services. Please read this interesting blog and provide your valued comments. Amending Assessment Order as a Result of Audit under Section 177 of Income [...]
Restriction on Purchase of Certain Assets (Section 227C) This blog is written by Mr. Hussain Mehmood, Senior Manager Taxation Advisory Services. Please read this interesting and informative blog and provide your valued comments. Restriction on Purchase of Certain Assets (Section 227C) This is with reference to the introduction of a new section numbered as 227C [...]
This blog is written by Mr. Nauman Ul Qadeer, Senior Manager Consulting and Financial Advisory Services. Please read this blog and provide your valued comments. PREVENTION OF OFFENCES RELATING TO FRAUD, MONEY LAUNDERING AND TERRORIST FINANCING The changing trends and pattern of Money laundering (ML) and Terrorist Financing (TF) is a major global concern now [...]
This blog is written by Mr. Mohsin Alizai, Assistant Manager, Taxation and Corporate Services. Please read this blog and provide your valued comments. Practical problems as regards obtaining and maintaining up-to-date information relating to the ultimate beneficial owners where the companies having legal persons as members or shareholders in pursuance of Circular # 16 of 2018 issued [...]
This blog is written by Mr. Hafiz Muhammad Shafaat Ali, Assistant Manager, Taxation and Corporate Services. Please read this blog and provide your valued comments. Procedure for Registration of NGO/NPO Definition Nonprofit organizations are organized for a public or mutual benefit other than generating profit for owners or investors. Non-profit organization may be different in [...]
This blog is written by Mr. Anwar A. Gondal, Assistant Manager Internal Audit Services. Please read this academic blog and provide your valued comments. IAS 1 PRESENTATION OF FINANCIAL STATEMENTS It sets out the overall requirements for financial statements, including how they should be structured, the minimum requirements for their content and overriding concepts such as going [...]
Online procedure for correction in Computerized Payment Receipts for Inland Taxes This blog is written by Mr. M. Kaleem Majeed, Manager Taxation and Corporate Advisory Services. Please read this procedural blog and provide your valued comments. Online procedure for correction in Computerized Payment Receipts for Inland Taxes In order to facilitate taxpayers for ease of [...]
