This blog is written by Mr. Ahmed Yar Khan. Please read this blog and provide your valued comments The magnitude of disruption from the Covid-19 pandemic has significantly impacted organizations of all sizes, across all industry sectors. Management and those charged with governance are having to make difficult decisions daily about operational, financial, and strategic [...]
This blog is written by Mr. Saif Uddin Khilji. Please read this blog and provide your valued comments THIN CAPITALIZATION A company is typically financed (or capitalized) through a mixture of debt and equity. “Thin capitalization” refers to the situation in which a company is financed through a relatively high level of debt [...]
This blog is written by Mr. Abdul Hafeez. Please read this blog and provide your valued comments The Government of Punjab has promulgated on December 13th, 2019, The Punjab Workers Welfare Fund Act 2019 (PWWF Act) whereby every establishment is required to pay to the fund in accordance with following conditions: Section 4: Mode of [...]
This blog is written by Mr. Zahid Mehmood, FCA, FCCA, Partner Khilji & Co. Please read this blog and provide your valued comments MATERIALITY IN PLANNING AND PERFORMING AN AUDIT What is the concept of materiality in the context of financial statements? The overall materiality at the financial statement level is [...]
This blog is written by Mr. Ajmal Khan. Please read this blog and provide your valued comments AK BLOG 26082020
WI BLOG 19082020 COMBATING MONEY LAUNDERING AND COUNTERING FINANCING OF TERRORISM This blog is written by Mr. Muhammad Waheed Iqbal, FCA. Please read this blog and provide your valued comments Guidance for Non-Profit Organizations The pertinence of the topic to our beloved country has become much more significant in last couple of years. [...]
SK BLOG 1882020 This blog is written by Mr. Sharif Uddin Khilji, FCA. Please read this blog and provide your valued comments A BLOG TO HELP UPCOMING TAX CONSULTANTS AND THEIR CLIENTS The time for filing of annual tax returns has arrived and individual tax return filers are increasing to avoid non-filer status. There is [...]
This blog is written by Mr. Abdul Hafeez, Senior Manager Taxation Advisory Services. Please read this blog and provide your valued comments. AN IMPORTANT JUDGMENT OF SUPREME COURT OF PAKISTAN REGARDING PAYMENT OF CAPITAL VALUE TAX (CVT) Civil Petition No. 3224 of 2019 Capital value tax (CVT) has been imposed through section 7 of the [...]
This Blog is written by Mr. Sharif ud din Khilji, FCA, Partner/ Chief Executive, Khilji & Co. Chartered Accountants. Please read this blog and provide us your valued comments. ANOMALIES IN CONSTRUCTION AMNESTY SCHEME Industrial undertaking The construction sector entities are declared “industrial undertaking” only for the purpose of import of plant & machinery. Other sectors who fall [...]
This blog is written by Mr. Zahid Mehmood, ACA, FCCA, Partner, Khilji and Co. Please read this blog and provide your valued comments. In July 2014, the International Accounting Standards Board (IASB) issued IFRS 9 “Financial Instruments effective for annual periods beginning on or after July 01, 2018. In Pakistan, the Standard was adopted and [...]
