IAS 16 Property Plant and Equipment This blog is written by Mr. Omar Rafeh Chughtai. Please read this blog and provide your valued comments This blog describes IAS 16 , this standard was first issued in 1993. It was re-issued in 2003 and applies to annual periods beginning on or after 1st January 2005. The [...]
This blog is written by Mr. Muhammad Rizwan Abbas. Please read this blog and provide your valued comments INCENTIVE PACKAGE FOR CONSTRUCTION SECTOR Incentive Package announced by Government of Pakistan for Construction Sector is a ray of hope. Lot of hard work, out of box thinking and persistence by government machinery to continue [...]
This blog is written by Mr. Ijaz Ahmed. Please read this blog and provide your valued comments Impact of COVID-19 on the Financial Statements & Entity Operation Performance No one imagines the enormousness of COVID-19 impact on personal, professional and business lives but nowadays we are facing bankruptcy, downsizing, shutting down and salaries [...]
This blog is written by Mr. Muhammad Nabeel Ahmed. Please read this blog and provide your valued comments Definition of Advance Tax: “Advance tax is nearly a provisional payment of an amount towards due tax. Therefore, it is a supplementary tax collection system, which is finally adjust it in the tax payable of the taxpayer.” [...]
This blog is written by Mr. Nauman Ul Qadeer. Please read this blog and provide your valued comments ORDINARY SHARES WITH DIFFERENT CLASSES AND RIGHTS Every Company having share capital can issue shares with different classes and rights, provided that Classes and Rights are defined in Memorandum and Articles of Association of the [...]
This blog is written by Mr. Mohsin Alizai, Please read this blog and provide your valued comments TAXATION OF EXPLORATION & PRODUCTION COMPANIES Exploration and Production (E & P) companies operate with the business structure of Joint Venture Operations. One of the JV Partner act as operator while others act as non-operating partners. [...]
This blog is written by Mr. Syed Asim Habib. Please read this blog and provide your valued comments MINIMIZING TRADE DEFICIT It is a fact that Pakistan’s position and performance on the Global Trade Ranking has been disappointingly low. There are many perpetual trade deficits in shape extreme modest export earnings versus colossal import bills. [...]
This blog is written by Mr. Hafiz Muhammad Shafaat Ali. Please read this blog and provide your valued comments FBR introduce the concept of group relief through Finance Act 2004 whereby allowing adjustment of losses of a subsidiary company against income of its holding company and after that the FBR also introduced the concept of [...]
This blog is written by Mr. Muhammad Kaleem Majeed. Please read this blog and provide your valued comments BLACKLISTING AND SUSPENSION OF SALES TAX REGISTRATION “We live on a mote of dust suspended in a sunbeam” The purpose of this blog is to explain the lacuna of over-stretched powers given in Rule 12 [...]
This blog is written by Mr. Agha Mudassar Khan. Please read this blog and provide your valued comments. In the context of best corporate governance practices and the means by which these can be adhered by corporate entities, Audit Committee is an imperative composition, through which independent members of board, confer ample of assurance [...]
