12-29-2009, 05:06 PM
awais
new info thnx for the link, hope this to be amended effectively in the ITO 2001 as well (as still the ITO is amended upto Aug 15th, 2009), bt mind if i correct u, the audit right which u've referred are Tax Audit rights of ACMA's as per my understanding.
ref ITO 2001 (before the finance amendment ordinance 2009 of ACMA's tax audit rights )
177(8) The 5[Board] may appoint a firm of Chartered Accountants as defined under the Chartered Accountants Ordinance, 1961 (X of 1961), to conduct an audit of the <b>income tax affairs</b> of any person 6[or classes of persons selected for audit by the Commissioner or by the Board] and the scope of such audit shall be as determined by the 7[Board] on a case to case basis.
regards
new info thnx for the link, hope this to be amended effectively in the ITO 2001 as well (as still the ITO is amended upto Aug 15th, 2009), bt mind if i correct u, the audit right which u've referred are Tax Audit rights of ACMA's as per my understanding.
ref ITO 2001 (before the finance amendment ordinance 2009 of ACMA's tax audit rights )
177(8) The 5[Board] may appoint a firm of Chartered Accountants as defined under the Chartered Accountants Ordinance, 1961 (X of 1961), to conduct an audit of the <b>income tax affairs</b> of any person 6[or classes of persons selected for audit by the Commissioner or by the Board] and the scope of such audit shall be as determined by the 7[Board] on a case to case basis.
regards
