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Sohail Sarfraz

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Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr
Published 14 Mar, 2019 12:00am
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Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr
Published 14 Mar, 2019 12:00am
Print

Benami law applicable from February 1, 2017

The date of application of Benami law would be from February 1, 2017 (date of passage of Benami Transactions (Prohibition) Act 2017 by the Parliament) and tax authorities can prosecute cases of immovable and immovable properties and Benami transactions fr
Published 14 Mar, 2019 12:00am
Print

PM hints at creating agency parallel to FBR

Prime Minister Imran Khan Tuesday hinted at creation of a parallel revenue collecting agency of the Federal Board of Revenue (FBR) and directed finance minister, state minister for revenue and chairman FBR to immediately work on integration-based informat
Published 13 Mar, 2019 12:00am
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PM hints at creating agency parallel to FBR

Prime Minister Imran Khan Tuesday hinted at creation of a parallel revenue collecting agency of the Federal Board of Revenue (FBR) and directed finance minister, state minister for revenue and chairman FBR to immediately work on integration-based informat
Published 13 Mar, 2019 12:00am
Print

PM hints at creating agency parallel to FBR

Prime Minister Imran Khan Tuesday hinted at creation of a parallel revenue collecting agency of the Federal Board of Revenue (FBR) and directed finance minister, state minister for revenue and chairman FBR to immediately work on integration-based informat
Published 13 Mar, 2019 12:00am
Print

Finance bill becomes Act after certain amendments

The government has enforced Finance Supplementary (Second Amendment) Act, 2019. The Federal Board of Revenue (FBR) Monday issued Finance Supplementary (Second Amendment) Act, 2019, incorporating certain amendments to tax laws passed by the National Assemb
Published 12 Mar, 2019 12:00am
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Finance bill becomes Act after certain amendments

The government has enforced Finance Supplementary (Second Amendment) Act, 2019. The Federal Board of Revenue (FBR) Monday issued Finance Supplementary (Second Amendment) Act, 2019, incorporating certain amendments to tax laws passed by the National Assemb
Published 12 Mar, 2019 12:00am
Print

Finance bill becomes Act after certain amendments

The government has enforced Finance Supplementary (Second Amendment) Act, 2019. The Federal Board of Revenue (FBR) Monday issued Finance Supplementary (Second Amendment) Act, 2019, incorporating certain amendments to tax laws passed by the National Assemb
Published 12 Mar, 2019 12:00am
Print

ATIR explains what constitutes bad debt

Appellate Tribunal Inland Revenue (ATIR) has ruled that a bad debt is a debt which is uncollectable and a permissible deduction for tax purposes in arriving at taxable income under the Income Tax Ordinance 2001. It is reliably learnt that ATIR, while dism
Published 11 Mar, 2019 12:00am
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ATIR explains what constitutes bad debt

Appellate Tribunal Inland Revenue (ATIR) has ruled that a bad debt is a debt which is uncollectable and a permissible deduction for tax purposes in arriving at taxable income under the Income Tax Ordinance 2001. It is reliably learnt that ATIR, while dism
Published 11 Mar, 2019 12:00am
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ATIR explains what constitutes bad debt

Appellate Tribunal Inland Revenue (ATIR) has ruled that a bad debt is a debt which is uncollectable and a permissible deduction for tax purposes in arriving at taxable income under the Income Tax Ordinance 2001. It is reliably learnt that ATIR, while dism
Published 11 Mar, 2019 12:00am
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SECP Board approves amendments to various rules

The Securities and Exchange Commission of Pakistan (SECP) Policy Board has given approval to several proposed amendments to the SECP Act, 1997, Public Sector Companies (Corporate Governance) Rules, 2013, NCCPL Regulations as well as the Pakistan Stock Exc
Published 06 Mar, 2019 12:00am
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SECP, CCP for setting up of 'Real Estate Regulatory Authority'

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of 'Real Estate Regulatory Authority' to work as a regulatory body to coordin
Published 03 Mar, 2019 12:00am
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SECP, CCP for setting up of ''Real Estate Regulatory Authority''

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of ''Real Estate Regulatory Authority'' to work as a regulatory body to coord
Published 03 Mar, 2019 12:00am
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SECP, CCP for setting up of 'Real Estate Regulatory Authority'

The Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) and Competition Commission of Pakistan (CCP) have recommended establishment of 'Real Estate Regulatory Authority' to work as a regulatory body to coordin
Published 03 Mar, 2019 12:00am
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FBR compiling lists of media personalities, real estate tycoons

The Federal Board of Revenue (FBR) is compiling lists of media personalities and real estate tycoons in cases where declared income does not match with their lifestyles. Sources told Business Recorder here on Friday that the FBR has issued instruct
Published 02 Mar, 2019 12:00am