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May 29, 2020

How we help schools and academies

How we help schools and academies High standards of teaching to help your students thrive  We specialize in selecting high quality teaching and support professionals to […]
May 29, 2020

Govt advised to announce tax incentives for salaried class may 2020

Govt advised to announce tax incentives for salaried class Tax experts on Thursday advised the government to consider monetary benefits for salaried class in the next […]
May 15, 2020

Comments on Tax Laws Amendment Ordinance 2020

Comments on Tax Laws Amendment Ordinance 2020 The COVID-19 pandemic has created a worldwide crisis due to which industries, businesses, offices, services have been shut down […]
May 11, 2020

Section 233 not to apply on Ehsaas Emergency Program

S.R.O.  315(1)/2020.-  In  exercise  of  the  powers  conferred  by  sub-section (2)  of section  53  of  the  Income  Tax  Ordinance,  2001  (XLIX  of  2001),  the  Federal  Government […]
April 26, 2020

Business Community and Corona Virus

Business Community and Corona Virus Due to the present situation most of us from the business community are now very well aware of what is coming […]
January 20, 2020

FBR Baramdat Asaan Schemes

FBR Baramdat Asaan Schemes Government of Pakistan has taken a number of steps to boost Pakistan’s exports. In order to facilitate exporters and increase competitiveness of […]
December 21, 2019

CA Program Structure

CA Program Structure CA Program is divided into following four parts: ASSESSMENT OF FUNDAMENTAL COMPETENCIES (AFC) 4 Papers AFC-1 Functional English AFC-2 Business Communication AFC-3 Quantitative […]
December 21, 2019

Exemptions for CA Program

Exemptions for CA Program If you are a bachelor degree holder, secured excellent marks in Intermediate/A- Levels examination or a qualified member of another professional accountancy […]
September 23, 2018
CPEC

Tax Consultancy for CPEC Projects

Tax Consultancy for CPEC Projects Government of Pakistan approves attractive tax exemptions for Gwadar port operators which did not rule out the opportunity of tax consultancy […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Time limitation for Best Judgement assessments

Time limitation for Best Judgement assessments under section 121 of the Ordinance to be extended Section 121(3) Time limitation for Best Judgement assessments: In terms of proviso […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Taxpayers filing returns in Azad Kashmir and Gilgit

Taxpayers filing returns in Azad Kashmir and Gilgit Baltistan to be treated as filers under the Income Tax Ordinance, 2001. Section 2(23A) Taxpayers filing returns in […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Tax on sale of certain petroleum products Section 236HA

Tax on sale of certain petroleum products Section 236HA Tax on sale of certain petroleum products Section 236HA: As per section 156A, every person selling petroleum products […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Stay of recovery by Appellate Tribunal

Stay of recovery by Appellate Tribunal Inland Revenue [Section 131(5)] Stay of recovery by Appellate Tribunal: The Appellate Tribunal, in terms of sub-section (5) of section 131 […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Alternative Dispute Resolution mechanism Section 134A

Alternative Dispute Resolution mechanism Section 134A Alternative Dispute Resolution mechanism Section 134A: The concept of Alternative Dispute Resolution was introduced through the Finance Act, 2004 by inserting […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in tax rate on undistributed profit

Reduction in tax rate on undistributed profit [Section 5A) Through Finance Act 2017, section 5A was amended and a tax @ 7.5% was imposed on public […]
September 20, 2018
Basic Concepts of Taxation in Pakistan, Starting Business in Pakistan

Reduction in rates of tax for AOPs

Reduction in rates of tax for AOPs [Paragraph (2), Division I, Part I of the First Schedule Reduction in rates of tax for AOPs: Prior to the Finance […]
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