This blog is written by Mr. Muhammad Nabeel Ahmed, Senior Associate Taxation and Corporate Services. Please read this blog and provide your comments. Association of person:- “ association of persons” include a firm, a Hindu undivided family, any artificial juridical person and only body of persons formed under a foreign law, but does not include [...]
This blog is written by Mr. Mohsin Alizai, Supervisor Taxation and Corporate Services. Please read this interesting and analytical blog and provide your valued comments. Procedure for rectification of order u/s 221: Ego in the way of justice Section 221 of the Income Tax Ordinance 2001 provided for rectification of order passes by Commissioner, Commissioner [...]
This Blog is written by Mr. Ijaz Ahmed Tajjak, Supervisor Audit and Assurance Services. Please read this blog and provide your valued comments. Team Management In a successful team, a team leader will first evaluate the mission of the team to understand what is needed to accomplish the task. Then, they will identify the strengths [...]
This blog is written by Mr. Hafiz Muhammad Shafaat Ali, Supervisor Taxation, Accounting and Corporate Services. Please read this technical blog on one pertinent Taxation Matter and provide your comments. Income from business is a 3rd source of income from which a person can drive income. Income from business is chargeable to tax under section 18 of the [...]
This blog is written by Mr. Anwar Ahmed Gondal, Assistant Manager, Internal Audit. Please read this blog and provide your comments. Internal audit can play a vital role in improving the performance of a company. Internal auditors assist companies in identifying key risk factors. This enables the company to anticipate potential future concerns as well [...]
This blog is written by Mr. M. Kaleem Majeed, Manager Taxation and Corporate Services. Please read very important piece of writing to understand the procedural mechanism of legal requirements. Incorporation of Foreign Company (Branch Office) in SECP Before proceeding with the step by step process for incorporation of foreign company (branch office), let’s have a [...]
This Blog is Written by Mr. Saif Uddin Khilji, Senior Manager Taxation, Accounting and Corporate Services. Please read this blog which will surely enhance the knowledge of readers about the Companies Act 2017. Post Incorporation Statutory Filing & Statutory Requirements Under the Companies Act, 2017 Incorporation of a Company Any three or more persons associated [...]
This blog is written by Mr. Agha M. Mudasssar Khan, Manager Accounting, Taxation and Corporate Services. Please read this technically explained Blog and provide us your useful comments. THE CONCEPT OF LIMITED LIABILITY PARTNERSHIP (LLP) AND ITS CORE CONCEPTS Introduction A relatively new concept introduced by SECP in May 2018, namely Limited Liability Partnership (LLP) is a [...]
This blog is written by Mr. Ahmed Yar Khan, Manager Audit and Assurance Services. Please read this technically explained Blog and provide us your comments. AUDIT PLANNING (ISA - 300) It is a vital area of the audit primarily conducted at the beginning of audit process to ensure that appropriate attention is devoted to important areas, [...]
This blog is written by Mr. Hussain Mahmood, Manager Taxation and Corporate Services. Please send this interesting piece and attain a most relevant information. RESTRICTION ON PURCHASE OF CERTAIN ASSETS (Sec 227C) This is with reference to the introduction of a new section numbered as 227C vide Finance Act, 2018. The Section is reproduced hereunder: [...]
