Tax Laws (Second Amendment) Ordinance, 2021. This Ordinance promulgated on 22nd March, 2021 by the Government of Pakistan Ministry of Law and Justice through The President is hereby published for general information 2021326143316591incometax(secondamendment)ordinance,2021)ordinanceNo.VIIof2021dataed22.03.2021_compressed It shall come into force at once.
Profile Extension 2021326153491545Circular14-2021
Income Tax Second Amendment Act 2021 Proposed tax amendment law by Govt with important changes in exemption regimes particularly information technology sector which us now being brought under tax credit regime instead of tax exemption. Detailed commentary will follow soon Finance Bill - Proposed (1)-min_compressed KCO Commentary KCO Commentry Income Tax (Second Amendment) [...]
In continuation of our regular practice, we are pleased to present and publish our Newsletter for the month of FEBRUARY 2021. Please click on link mentioned below to access and study the KHILJI & CO, CHARTERED ACCOUNTANTS NEWSLETTER ( FEBRUARY 2021) https://khilji.net.pk/wp-content/uploads/2021/03/KCO-Newsletter-February-2021.pdf This Newsletter envisages following aspects: COMMENTARY ON SUPREME COURT [...]
INTRODUCTION Federal Government has approved exemptions in terms of Clause 75 of Part I of Second Schedule of Income Tax Ordinance, 2001 on profit on debt income on Eurobonds and International Sukuk issued under the Government’s medium term note program through Federal Board of Revenue’s S.R.O. 268(I)2021 and S.R.O. 269(I)2021 dated March 01, 2021. COMBINED [...]
AMENDMENTS TO THE ASSOCIATIONS WITH CHARITABLE AND NOT FOR PROFIT OBJECTS REGULATIONS, 2018 SECP vide Notification No. S.R.O.131 (I)/2021 dated February 01, 2021 made amendments to the Associations with Charitable and Not for Profit Objects Regulations, 2018, (afterwards referred as “Regulations”). Amendments relate to payment / entitlement of Meeting Fee for attending Meeting [...]
INTRODUCTION Federal Board of Revenue vide S.R.O. 214(I)2021 dated 18th February 18, 2021 has revised the Chapter XVIB of Income Tax Rules 2002 relating to refund orders issued under Section 170(4) of the Income Tax Ordinance, 2001. The same were earlier inserted by SRO 1314(1)/2020 dated December 09, 2020. The new rules further streamline the [...]
Introduction The President of Islamic Republic of Pakistan has promulgated ‘Tax Laws (Amendment) Ordinance, 2021 which shall come into force at once from 11th February 2021. Please click below to read the complete commentary document. Tax Laws (Amendment) Ordinance, 2021 (Feb 2021) Please click below to read the Ordinance as promulgated: 20212141922722822Ordinance2021-compressed
KCO Newsletter January 2021
BALUCHISTAN REVENUE AUTHORITY (BRA) NOTIFICATION NO. BRA/BSTS/16/2020-21 Introduction Baluchistan Revenue Authority (BRA) issued Notification No. BRA/BSTS/16/2020-21 dated January 27, 2021 regarding BSTS exemption to Pak-China Friendship Hospital Gwadar. Commentary Baluchistan Revenue Authority, vide its aforesaid Notification, allowed exemption to Pak-China Friendship Hospital Gwadar from the Baluchistan Sales Tax on Services (BSTS) [...]
