WHT Exemptions & Exemption Certificate u/s 159 This blog is written by Mr. Hussain Mehmood Asif, Senior Manager Taxation and Corporate Services. Please read this interesting and informative blog and provide your valued comments. EXEMPTIONS FROM WITHHOLDING OF INCOME TAX AND EXEMPTION CERTIFICATE UNDER SECTION 159 OF THE INCOME TAX ORDINANCE (ITO), 2001 This is [...]
This blog is written by Mr. Saif Uddin Khilji, Senior Manager Taxation and Corporate Advisory Services. Please read this intriguing and informative blog and provide your valued comments. Penalty Proceedings and Burden of Proof Section 182(1) of the Income Tax Ordinance, 2001 states offences and penalties as “any person who commits any offence specified under [...]
This blog is written by Mr. Ahmed Yar Khan, Manager Audit and Assurance Services. Please read this blog of pure technical nature and provide your valued comments. Audit Risk Model Inherent Risk, Control Risk & Detection Risk Definition Audit Risk is the risk that an auditor expresses an inappropriate opinion on the financial statements. Explanation Audit risk [...]
This blog is written by Mr. Agha Mudassar Khan, Manager Taxation, Corporate and Accounting Services. Please read this technically explained Blog and provide us your useful comments. _____________________________________________________________________________________________________ CORPORATE FAILURES AND HOW TO SEE THEM OFF Introduction Corporate failure can be defined as the incapacity of an entity to keep itself abreast with its strategic path [...]
This blog is written by Syed Asim Habib, Senior Manager HR And Consulting. Please read this blog and provide your comments. HUMAN RESOURCE AUDIT Human Resource Management (HRM) has experienced a strong evolution. In order to provide useful information to managers, it is necessary to evaluate the results generated by the design and implementation of [...]
This blog is written by Mr. Abdul Hafeez, Senior Manager Taxation and Corporate Services. Please read this blog and provide your valued comments. Reverse Charge Mechanism In many VAT systems that operate an invoice – credit method, the VAT on cross-border business-to-business supplies of services and intangible are collected by the reverse charge mechanism. This [...]
This blog is written by Mr. Atiq Ur Rehman, Senior Manager International VAT Taxation Services. Please read this blog and provide us your valued comments. THE HISTORY OF TAXATION Lets be honest. Nowadays Most people hate death and taxes. However both are inevitable. The question arises when did taxes began in history. The taxes have [...]
This blog is written by Mr. Afzaal Baig, Associate Internal Audit Services. Please read this blog and provide your valued comments. Insurance Contracts Overview IFRS 17 establishes the principles for the recognition, measurement, presentation and disclosure of insurance contracts within the scope of the standard. The objective of IFRS 17 is to ensure that an [...]
This blog is written by Mr. Usman Ghani, Associate Audit and Assurance Services. Please read this blog and provide your valued comments, Procedure of transfer of the Shares in Private Limited Company in the light of Section 76 of Companies Act 2017 and Section 12B The Companies (General Provisions and Forms) Rules, 1985 is as follows: No [...]
This Blog is written by Mr. Ehtisham Sohail, Associate Taxation and Corporate Services. Please read this blog and provide your comments. How to register online to file your Income Tax Returns Being an income tax filer has its own benefits, and to attract greater number of people to file their taxes, the government has added [...]
