In a letter addressed to FBR, the KTBA
said the forms or returns of income are in PDF and therefore it was not possible to check the document's validity.
More than 115 participants from the NPO sector, registered intermediaries and KTBA
members were in attendance, said a news release.
Keeping all this in view, the KTBA
requested the finance minister to extend the date of e-filing of corporate and non-corporate tax returns and statements till January 31, 2017 in order to facilitate the genuine tax-filers.
The Chairman SST highly appreciated the KTBA
for organising the programme and termed it need of the hour.
The speakers include KTBA
President Mohammad Rehan Siddiqui, Partner EY Ford Rhodes Salman Haq, Partner Shekha and Mufti Adnan Mufti and Mohammad Zubair Motiwala.
"It is requested that field officers are restrained from issuing penalty notices until the issues are fixed and withholding tax module becomes operational," said Mohammad Zubair, president at KTBA
The resumption of the lawsuit became possible after the Supreme Administrative Court on Thursday definitively <a href="http://www.novinite.com/articles/167672/Bulgarian+Court+Opens+Way+for+Insolvency+Case+Against+KTB+to+Proceed#sthash.GhSAelWZ.dpuf">refused to consider an appeal of the central bankas decision to cancel the KTBas
banking licence filed by the bankas majority owner Bromak and other shareholders including the Bulgarian Acquisition Company II.
In a letter sent to chairman SRB, the Karachi Customs Agents Association (KTBA
) stated that the Sindh government in budget 2015-2016 had reduced the rate of sales tax on services from 15 percent to 14 percent which was implemented with effect from July 1, 2015.
The first executive committee meeting of Karachi Tax Bar Association was also held today in which the sub-committees were formed namely Advisory, E-News & Views, Membership, Library & Website, Members' Social Activity, Public Relations & Press & Media, Administration, Continuous Professional Education (CPE), Finance Bill, Diary, Benevolent Fund, Finance & Related Matters, Members Facilitation, Indirect Taxes and KTBA
Professional Development Program which are headed by their respective conveners.
This was stated by SECP's Additional Registrar Waseem Ahmad Khan at a seminar organised by Karachi Tax Bar Association (KTBA
) here on Wednesday.
Muhammad Zubair has been elected as President of the Karachi Tax Bar Association (KTBA
) while Mohammad Rehan Siddiqui as Vice President and Muhammad Aleem as General Secretary for 2015-16.
The BNB put KTBA
under special supervision on June 20 after a bank run that saw depositors withdraw more than one-fifth of total deposits in a week.