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Post			Author	Forum	Replies	Views	Posted [asc]
		Thread: Limit of Purhcases agt Tax Deduction at Source Post: For Services the limit is Rs. 10,000 For Goods 25... For Services the limit is Rs. 10,000 For Goods 25,000 And as for as the rent is concerned, there is no limit for withholding agent. If you are the withholding agent, you have to deduct tax whatever ...	msc286	Tax	8	5,372	01-21-2008, 05:48 PM
		Thread: Wealth tax return Post: After the abolition of Wealth tax in 2001, no weal... After the abolition of Wealth tax in 2001, no wealth tax is applicable on the wealth and hence no return is required to be filed. Wealth Tax Return was used to be filed up to Assessment Year 2000-2001...	msc286	Tax	5	2,967	10-03-2007, 06:26 PM
		Thread: Pre-operating expense Post: Thanks Kamran Sb. The position has also been cl... Thanks Kamran Sb. The position has also been clarified through the accounting standards issued by ICAP and notified by SECP. Start up costs can not be capitalized and have to be written off. Reg...	msc286	Accounting and Audit	17	48,562	09-07-2007, 06:25 PM
		Thread: Pre-operating expense Post: Dear Kamran Sahib, With reference to the above ... Dear Kamran Sahib, With reference to the above discussion, what would be the treatment of the pre incorporation expenses in respect of a private limited company which has not yet started any trade....	msc286	Accounting and Audit	17	48,562	08-29-2007, 07:36 PM
		Thread: Accounting of Pirated Software? Post: In my view it should not be recognized as an asset... In my view it should not be recognized as an asset as it's not a legal transaction and secondly the title of the asset (in this case the pirated software) has not been transferred to the company.	msc286	Accounting and Audit	5	3,260	06-19-2007, 09:01 PM
		Thread: SETTING UP OF A SUGAR MILLS Post: Kamran Sahib, I also tried to get some informat... Kamran Sahib, I also tried to get some information and am still waiting. Would be grateful if you could post your findings on the forum for the benefit of the members. Regards,	msc286	Accounting and Audit	6	4,361	05-24-2007, 03:45 PM
		Thread: JOKE Post: ). Good to see such things during a hectic profess... ). Good to see such things during a hectic professional day.	msc286	General Discussion	87	37,122	05-18-2007, 09:09 PM
		Thread: Best Invesment - What do you think? Post: Just to make the sampling more realistic and repre... Just to make the sampling more realistic and representative of the population, I also tend to favor the purchase of property as the suitable investment option )	msc286	Accounting and Audit	13	5,801	05-16-2007, 07:08 PM
		Thread: acca as auditor in 73 contries Post: Neither have I. As per my information (strong ... Neither have I. As per my information (strong chance of being outdated) ACCA was allowed to engage in public practice in three countries only.	msc286	Accounting and Audit	3	2,853	05-10-2007, 05:28 PM
		Thread: Double Standard of Pakistanis towards the foreign Post: Dear Kamran Sahib, Assalam-o-Alaikum, I somehow... Dear Kamran Sahib, Assalam-o-Alaikum, I somehow got the impression from your above two posts as if you have taken my post as criticism directed upon you. I was actually referring the post of Mr. Am...	msc286	Students	55	19,394	05-10-2007, 04:40 PM
		Thread: Double Standard of Pakistanis towards the foreign Post: It is disheartening to see members of the forum to... It is disheartening to see members of the forum to indulge in personal abuse instead of commenting on the situation in a professional way. One should have the courage and heart to listen to the view p...	msc286	Students	55	19,394	05-09-2007, 04:33 PM
		Thread: ANNUAL ANNIVERSARY OF MY PICKPOCKETED Rs. 150/-KET Post: Excellent. If everyone is so conscious about his /... Excellent. If everyone is so conscious about his / her rights, the society as a whole would be a lot better. It's not a matter of a Rs. 50 only. It's the matter of the principals and rights. Being...	msc286	General Discussion	6	4,927	04-28-2007, 03:40 PM
		Thread: Real and Nominal Rate Post: Very useful discussion indeed. Recently there w... Very useful discussion indeed. Recently there was hue and cry from many sectors regarding the interest on the deposits paid to the account holders. Generally now a days banks are lending at the rat...	msc286	Accounting and Audit	22	15,733	04-27-2007, 05:46 PM
		Thread: Forbes World's Top 10 Richest People Post: I wonder when a Pakistani will make to this list. ... I wonder when a Pakistani will make to this list. Among all the billionaires listed in the list, we can't find any Pakistani national there. May be if Forbes decides to compile this list on the basis ...	msc286	General Discussion	3	4,433	04-26-2007, 06:32 PM
		Thread: Scope of Chartered Accountancy Post: After spending this much time in the profession, n... After spending this much time in the profession, now it would be better for you to continue pursuing the qualification. The best remedy for you is to sit down and analyze yourself why you are not ...	msc286	Firms	15	11,490	04-26-2007, 05:31 PM
		Thread: IQ TEST Post: Seems Mr. Schuaeb has the right answer. Seems Mr. Schuaeb has the right answer.	msc286	General Discussion	23	14,279	04-25-2007, 07:43 PM
		Thread: mba in dubai how to get job Post: So we can expect a CA from these countries to acce... So we can expect a CA from these countries to accept a job in the range of SR 1,000. It is surely going to affect the market for Pakistani CAs who seek a job start in the range of say SR 8,000 onwards...	msc286	Career	13	13,926	04-25-2007, 04:54 PM
		Thread: Real and Nominal Rate Post: @ Schuaeb So if a bank is offering a return of ... @ Schuaeb So if a bank is offering a return of 10% on deposits, would it be the real rate or nominal rate?	msc286	Accounting and Audit	22	15,733	04-25-2007, 03:04 PM
		Thread: Tax rate and exemption Post: Welcome. I always try to be of any help with my li... Welcome. I always try to be of any help with my little knowledge and experience.	msc286	Tax	14	9,975	04-24-2007, 03:37 PM
		Thread: mba in dubai how to get job Post: I wish better luck to this fellow but the most int... I wish better luck to this fellow but the most interesting part of the topic which requires deliberation by the CA members and students is "can u imagine i know an indian lady who have done CA and ...	msc286	Career	13	13,926	04-23-2007, 08:31 PM
		Thread: Tax rate and exemption Post: And by the way, if the medical allowance is not pr... And by the way, if the medical allowance is not provided, you'll have to pay Rs. 64,865 per month to get take home salary of Rs. 60,000 per month.	msc286	Tax	14	9,975	04-23-2007, 08:24 PM
		Thread: Dual Currency in Peachtree Post: seems no body is interested in this section of the... seems no body is interested in this section of the forum )	msc286	Technology	5	11,016	04-23-2007, 08:21 PM
		Thread: Consideration Post: In the above example of the car, would this transa... In the above example of the car, would this transaction be legally binding on both parties if the consideration of a 20,000 priced car is fixed at 100 Only? Please update.	msc286	Students	4	2,849	04-23-2007, 08:18 PM
		Thread: Tax rate and exemption Post: I think the query of this gentleman is not the cal... I think the query of this gentleman is not the calculation of tax on a salary of Rs. 60,000 per month. Rather he is interested in knowing the figure which, after deduction of tax, would amount to Rs. ...	msc286	Tax	14	9,975	04-23-2007, 07:13 PM
		Thread: Annual Tax Return of A Company Post: Generally the return in respect of a company is re... Generally the return in respect of a company is required to be filed by 31 December each year. Preparing tax return of a company required detailed knowledge of the tax laws, particularly in respect...	msc286	Tax	3	2,578	04-23-2007, 05:00 PM
		Thread: Help me about my career Post: Thank you Kamran Sb. You are absolutely right that... Thank you Kamran Sb. You are absolutely right that I don't want to identify myself because then my views could be taken in wrong perspective.	msc286	Students	26	13,024	04-20-2007, 09:27 PM
		Thread: Main Point of Difference Post: Strategic level refers to the highest management l... Strategic level refers to the highest management level who decide the overall strategy of an organization, like which markets to explore, introduction of the new products, establishing market niche in...	msc286	Students	5	3,372	04-20-2007, 06:35 PM
		Thread: Scope of Chartered Accountancy Post: This is exactly what I said in my earlier post. Al... This is exactly what I said in my earlier post. All it takes to qualify CA is the Passion. And then everything is left on the will of Almighty Allah.	msc286	Firms	15	11,490	04-20-2007, 06:29 PM
		Thread: Join CDP for Bright Future! Post: The appropriate place for this particular topic is... The appropriate place for this particular topic is "Career" section of the forum, instead of posting in every section.	msc286	Tax	2	1,784	04-20-2007, 04:40 PM
		Thread: Help me about my career Post: And by the way, Big Four are the international fir... And by the way, Big Four are the international firms dominating the profession internationally. They virtually have presence in all the countries either through direct offices or through associates. ...	msc286	Students	26	13,024	04-19-2007, 07:58 PM
		Thread: Help me about my career Post: In Pakistan Big four is represented by the followi... In Pakistan Big four is represented by the following practices PWC = Feguson KPMG = Taseer Hadi Deloitte = M. Yusuf Adil Saleem Ernst & Young = Ford Rhodes Sidat Hyder	msc286	Students	26	13,024	04-19-2007, 07:40 PM
		Thread: Scope of Chartered Accountancy Post: All it takes to qualify CA is the PASSION. I am qu... All it takes to qualify CA is the PASSION. I am quoting this on my personal experience. Make it aim of your life to qualify and nothing will bar you from qualifying. And, off course, remember that...	msc286	Firms	15	11,490	04-19-2007, 07:36 PM
		Thread: Rapid rotation threatens audit quality Post: So we have to comprise on one of the two main area... So we have to comprise on one of the two main areas 1. Quality 2. Independence In my personal view there should be a blend of both, without sacrificing any of them.	msc286	Firms	2	2,710	04-18-2007, 08:17 PM
		Thread: Info about CFA Post: Keeping in mind the fact that major consultancy wo... Keeping in mind the fact that major consultancy work in Pakistan is carried out by big four and off course AASR.	msc286	Students	23	11,939	04-18-2007, 05:49 PM
		Thread: Info about CFA Post: Kamran Sahib, Analyzing the economic situation ... Kamran Sahib, Analyzing the economic situation and business culture of Pakistan, would CFA be a good option for practicing chartered accountants like you and me, if one intends to remain engaged in...	msc286	Students	23	11,939	04-18-2007, 05:46 PM
		Thread: Help me about my career Post: Yup. Not from Big four. Regarding the name, oh ... Yup. Not from Big four. Regarding the name, oh quoteOriginally posted by msc286 Don't ask the name of the firm )	msc286	Students	26	13,024	04-18-2007, 05:40 PM
		Thread: Help me about my career Post: These are the minimum rates prescribed by ICAP. It... These are the minimum rates prescribed by ICAP. It does not bar the firms to pay more. Not self praising, but my firm pays well in excess of minimum prescribed rates. Don't ask the name of the firm...	msc286	Students	26	13,024	04-18-2007, 05:22 PM
		Thread: Digital Library at ICAP, Lahore: Post: Again a good step of account of ICAP. I visited... Again a good step of account of ICAP. I visited the website and am a bit confused about the contents. The major chunk of the resources is not relevant to the profession which should be the case her...	msc286	Students	3	3,265	04-18-2007, 05:14 PM
		Thread: Should ACCA be allowed public practice in Pakistan Post: Dear Adnan, I agree with you that ACMAs are all... Dear Adnan, I agree with you that ACMAs are allowed into public practice, but that does not offer any competition to CAs as the scope of ACMAs particularly in audit engagements is restricted. Accor...	msc286	Accounting and Audit	36	20,932	04-18-2007, 05:08 PM
		Thread: PLZ TELL ME A GOOD GROUP WHICH RELATE TO ACCOUNTIN Post: Accounting Group? Accounting Group?	msc286	Students	4	2,799	04-17-2007, 08:07 PM
		Thread: Should ACCA be allowed public practice in Pakistan Post: Please do not indulge in arguing on such tiny matt... Please do not indulge in arguing on such tiny matters. This forum should only be used to discuss the matters relating to the profession. We should have the guts to listen to everyone without any bias ...	msc286	Accounting and Audit	36	20,932	04-17-2007, 04:37 PM
		Thread: Should ACCA be allowed public practice in Pakistan Post: Please do not indulge in arguing on such tiny matt... Please do not indulge in arguing on such tiny matters. This forum should only be used to discuss the matters relating to the profession. We should have the guts to listen to everyone without any bias ...	msc286	Accounting and Audit	36	20,932	04-17-2007, 04:33 PM
		Thread: ICAP City Center - Lahore Post: Good step on account of ICAP. This venue may used ... Good step on account of ICAP. This venue may used to enhance interaction between members and students. If could be made more useful by opening a library containing material relevant to the profession....	msc286	Students	2	2,960	04-17-2007, 04:07 PM
		Thread: Help me about my career Post: Everyone is talking about choosing MBA, without gi... Everyone is talking about choosing MBA, without giving any thought to the circumstances faced by this gentleman. MBA from an average university would be costing a great deal of money. And this chap is...	msc286	Students	26	13,024	04-17-2007, 04:00 PM
		Thread: is there any exemption in ACCA for PIPFA qualified Post: I checked ACCA website. There ain't any exemptions... I checked ACCA website. There ain't any exemptions available for PIPFA. Reference https//portal.accaglobal.com/accaweb/faces/page/public/accreditations/enquiry/awards/EnqAwardsTable.jspx?_afPfm=...	msc286	Students	4	3,928	04-17-2007, 03:55 PM
		Thread: plz solve this hard one Post: Good advice by Mr. Kamran but I can help you out f... Good advice by Mr. Kamran but I can help you out for the second question, only this time ) Q2the plant and machinery cost account of a company is shown below.the company’s policy is to charge dep...	msc286	Students	5	3,222	04-16-2007, 06:24 PM
		Thread: "Open Book Examination Policy" of ICAP: Post: Dear Adnan, I use this forum to be of any help ... Dear Adnan, I use this forum to be of any help to the students. Alhamdolillah I am qualified, but shouldn't I be trying to help out the others to qualify as well? And secondly, I'd request all t...	msc286	Students	12	6,398	04-14-2007, 04:35 PM
		Thread: "Open Book Examination Policy" of ICAP: Post: The above topic brings another interesting point f... The above topic brings another interesting point for discussion ICAP has allowed open book policy for financial reporting. What is the harm in allowing the contents of a particular law / regulation...	msc286	Students	12	6,398	04-13-2007, 06:53 PM
		Thread: "Open Book Examination Policy" of ICAP: Post: I personally feel that Open Book Policy will not a... I personally feel that Open Book Policy will not add to any advantage to the students due to the following reason. We all are well aware that the biggest hurdle in attempting any paper is the time ...	msc286	Students	12	6,398	04-13-2007, 06:50 PM
		Thread: Treshhold for Deduction of Income Tax Post: I fully substantiate the views of Mr. Kamran. This... I fully substantiate the views of Mr. Kamran. This threshold has not been provided in the main law, i.e. Income Tax Ordinance, 2001, but has been devised through the above mentioned circular. You can ...	msc286	Tax	4	2,657	04-13-2007, 05:05 PM

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