News
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Tax returns date need not be extended: Revenue Board
ISLAMABAD (September 23 2003): As no trade association, chamber and bar association has demanded extension in the date of income…
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Poultry plants given sales tax exemption
ISLAMABAD (September 23 2003): Giving a major relief to the poultry/livestock industry, the Central Board of Revenue (CBR) has given…
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Fired Coke Auditor Takes On Giant Corporation in Lawsuit
Matthew Whitley wanted to work for Coca-Cola Co. so much that he submitted his resume 15 times. After being hired,…
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Applix fires Ernst & Young as SEC probe continues
Applix Inc., a maker of business software, said on Monday it fired Ernst & Young as its independent accounting firm…
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ING Bank Sues JP Morgan, Deloitte
ING Bank contends it lost hundreds of millions of dollars as a result of a “massive Ponzi scheme” at now-defunct…
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IRS in US seeks Grant Thornton client data
The Internal Revenue Service (IRS) has asked a judge to force Chicago-based accounting firm Grant Thornton LLP to name clients…
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Subletting of awards to local software companies made mandatory
KARACHI (September 22 2003): The Government of Pakistan has made it mandatory for all public sector institutions in awarding contracts…
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FTO criticises delay in deciding duty drawback claims
ISLAMABAD (September 22 2003): The inordinate delay in deciding duty drawback has been criticised by the Federal Tax Ombudsman Justice…
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Relaxation on income tax returns announced
ISLAMABAD (September 19 2003): The income tax returns filed by taxpayers (Individuals/AOPs) without proper declaration of accounting method or containing…
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State Bank explains procedures for individual investors in PIBs
KARACHI (September 19 2003): State Bank of Pakistan (SBP) on Thursday explained procedures for retail and small institutions intending to…
