This Blog is written by Mr. M. Basir Dawer, Associate Taxation and Corporate Services. Please read this blog and provide your valued comments. Set off and Carry Forward of Losses While computing income of a person under a head of income, if the sum of deductions allowed to a person under the head exceed the [...]
This blog is written by Mr. Atif Jan, Audit Associate. Please read this blog and provide your comments. Initial Allowance - (Section 23) Initial Allowance is allowable @ 25% at the cost of an asset (15% in case of building) if the asset is used for business purpose in the tax year in which asset [...]
This blog is written by Mr. Awais Mumtaz, Associate Tax and Audit Services. Awais Sahib is one of most dynamic and multi talented team member. His analytical qualities and expression of written communication especially official ones are brilliant. This particular blog is perfect testimonial of is abilities regarding writing on difficult topics. Please read this [...]
Today's blog is written by Mr. Atiq Ur Rehman, International VAT Consultant and Senior Manager Taxation and Corporate Advisory Services. Atiq Sahib is currently working on an International Assignment in Kingdom of Saudi Arabia. Atiq Sahib has brilliantly articulated a genuine complex topic in a most simple and commonly understandable way. Please read this blog [...]
This blog is written by Mr. Sachal Aftab, Associate Taxation Services. Sachal Sahib is one of the more talented and bright Associate of our Firm. This is a well crafted and brilliantly explained blog. Please read this blog and provide your valued comments. Since 1980’s Mergers & Acquisitions have become a routine phenomenon for the companies to [...]
Today's blog is written by Mr. Adnan Khan, Associate Audit and Assurance Services. This is a good effort by Mr. Adnan. Please read this blog and provide your comments. Risk management and internal audit effectiveness A quick glance at the daily news is likely to convince most people that risk management is a good idea. Yet many [...]
This blog is written by Mr. Shahwazir Safi, Associate Taxation Services. Who is Liable to file the Annual Return. Every company Every other person whose income exceeds the amount not chargeable to tax Approved Non-profit organization Approved Welfare institution Any person charged to tax in any of the two preceding tax years Any person who claims [...]
This is the latest edition of Blogs of KCO Series (2nd Phase). This blog is written by Mr. M. Bilal Ismail, Associate Taxation services. Filer and non-filers has received serious attention by the people of Pakistan, now every person dealing with bank whether salaried class, businessman or even a house wife is faced with the issue of [...]
This blog is written by Mr. Sohail Arif, Senior Associate Audit and Assurance Services. CURRENT TAX Recognize liability for unsettled portion of tax expense Recognize an asset to the extent amounts paid exceed amounts due Tax loss which can be used against future taxable income can be recognised as an asset (deferred tax asset). CURRENT TAX [...]
This blog is written by Mr. Hussain Mehmood Asif, Manager Taxation and Corporate Advisory services. This blog is perfect testimony of the immensely sound grip of Hussain Sahib over the subject of Taxation especially their litigation aspect. We request our valued readers to please read this blog and also please forward / share to more avenues. This is [...]
