This blog is written by Mr. Abdullah Saleem, Associate Audit and Assurance Services. Please read this blog and provide your comments. The Importance of Audit Documentation Numbers don’t lie, but they also don’t talk. Instead, clearly documented words in a work paper speak for the numbers, and in the case of audit documentation, this is [...]
This blog is written by Mr. M. Baser Dawer, Associate Taxation and Corporate Services. Please read this blog and provide our valued comments. Offences and Penalties under Income Tax Ordinance 2001 Everyone should try his best to comply with laws ,rules and regulations to avoid any harsh consequences. Some of the non-compliances are of such a nature [...]
This blog is written by Mr. Awais Mumtaz, Senior Associate Taxation, Corporate and Accounting Services. Please read this well crafted and thought provoking blog and provide your valued comments. Law Abiding Tax Citizen Supporting developing countries in mobilizing domestic revenues and in fighting tax evasion is key in efforts to eradicate poverty and support government [...]
This blog is written by Mr. Atif Jan, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Group Taxation & Group Relief Group Taxation A locally incorporated holding company and subsidiary of a 100% owned group may be taxed as one group by giving an irrevocable option for taxation as one fiscal [...]
This blog is written by Mr. Ikram Ul Haq, Supervisor Taxation and Corporate Services. Please read this informative blog which is compiled on the basis of research. Please provide your valued comments. Hattar Special Economic Zone and its attractiveness for new business Hattar Economic Zone approved as Special Economic Zone by Federal Board of Investment. This is [...]
This blog is written by Mr. M. Wasim Roshan, Senior Associate Taxation, Audit and Corporate Services. Please send this procedural blog and provide your valued comments. Tax Amnesty Scheme 2018, How to move through FBR online system Calculate your taxes Once you have registered, you will be able to log into Iris, Calculating taxes on [...]
This bog is written by Mr. Faisal Farooq, Associate Tax Services. Please read this bog and provide us your valued comments. Income Tax Statement Section 165 For filing income statement u/s 165 is to visit FBR portal. There are two types of portals of fbr i-e Iris and the other one is e-filing. For filing [...]
This blog is written by Mr. Sohail Arif, Senior Associate, Audit and Assurance Services. Please read this blog and provide your valued comments. Portfolio Management The art of selecting the right investment policy for the individuals in terms of minimum risk and maximum return is called as portfolio management. Portfolio management refers to managing an individual’s investments [...]
This blog is written by Mr. Shahwazir Safi, Senior Associate Taxation and Corporate Services. Please read this blog and provide your comments. Basics About Income Tax Laws PERSON SECTION 80 — (1) The following shall be treated as persons for the purposes of this Ordinance, namely: — (a) An individual; (b) a company or association [...]
This blog is written by Mr. Rizwan Abbas, Senior Associate Taxation and Corporate Services. Please read this blog and provide your comments. Benefit of the NTN (National Tax Number) Whoever gives the income to the Government, he/she has to register himself/herself with the FBR (Federal Board of Revenue) and get the National Tax Number (NTN). A person [...]
