TAHSEEN REHMAN & CO.

AUDIT, ACCOUNTANCY, TAXATION AND CORPORATE CONSULTANCY

PHILOSOPHY & CULTURE

TRUST, UNDERSTANDING AND SOLID STUDIED SOLUTION PROVISION.
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DYNAMICS CERTIFIED PROFESSIONALS

EXPERTISE AND ASSURANCE THEY NEED TO MANAGE THEIR ORGANIZATION
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About TRC

Tahseen Rehman & Co. is firm of Chartered Accountants providing high quality audit, accounting, taxation and consultancy services to small and medium size businesses across Pakistan.

TRC philosophy is based upon investing in a tradition of trust, understanding and solid studied solution provision. We at TRC stand firm in our belief that we are a family comprised of our clients and our personnel. By placing the clients’ interests first, they prosper. It is when our clients prosper that TRC prospers.

The team is led by Mr. Tahseen Bukhari who gels the entire spectrum of national and international experience in the domains of Finance, Audit, ERP Implementation, Management, Organization Development, Business Process Outsourcing and Systems Development. He holds Chartered Accountancy certification from the Institute of Chartered Accountants of Pakistan.

 

Our Services

 

audit


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accountancy


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consulting


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taxation


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News & Updates

Suppression of sales to be charged under the head of income from the business as per the Finance Bill 2020.

Under the Finance act 2020, an attempt of a businessman to suppress sales chargeable to tax in order to reduce tax liability shall be taxed under the head of income from the business.

Officials at Federal Board of Revenue (FBR) said that amendment has been made to Section 111 of the Income Tax Ordinance, 2001 in order to bring concealed business activity shall be treated as income from the business.

Amendments are as follows:

  • The suppressed amount of production, sales, or any amount chargeable to tax or of any item of receipt liable to tax shall be included in the person’s income chargeable to tax under the head ‘income from business’ to the extent it is not adequately explained.
  • The amount credited, the value of the investment, money, value of the article, or amount of expenditure shall be included in the person’s income chargeable to tax under the head ‘income from other sources’ to the extent it is not adequately explained.

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