Articles on Income Tax by Mr. Amjad Javed Hashmi

Are you paying the correct (the legal minimum) taxes- an appraisal of Normal Tax Regime of Pakistan?

By Amjad Javaid Hashmi, Advocate Supreme Court of Pakistan It is always a guess work whether you and your business enterprise are fully compliant or not to the ordinary tax obligations regime of Pakistan imposed by the Income Tax ...

BASIC LEGAL FRAMEWORK OF INTERNATIONAL TAXATION IN PAKISTAN (iv) Double Taxation Treaties – Nature, Structure and Effect

By Amjad Javaid Hashmi Advocate Supreme Court 1. On the principal topic of basic legal framework of international taxation it is the 4th and the last article in the series. It would deal with the nature, purpose, structure, effect (use ...

BASIC LEGAL FRAMEWORK OF INTERNATIONAL TAXATION OF PAKISTAN – II Taxing Pakistani & Foreign Income Sources of Residents

By Amjad Javed Hashmi, Advocate Supreme Court 1. Legal burden to pay income tax directly falls upon a person i.e. a technical concept having very broad scope and effect as defined in section 80 of the Income Tax Ordinance, 2001 (the ...

Supreme Court sets Limits on the exercise of prosecutorial powers by the government and the courts in the Ammad Yousaf (Director ARY) Case.

By Amjad Javaid Hashmi Introduction: In a landmark legal development, the Supreme Court of Pakistan ruled in the Ammad Yousaf case (ARY Director) in its judgment on 14-09-2023 in criminal petition No. 225 of 2023 that the governmental ...

Tax Matters in Pakistan 05 Ultimate Doctrine of Past and Closed Transactions

I. Introduction A. Definition of the Doctrine: The doctrine of past and closed transactions in tax matters refers to a principle in taxation that provides legal protection to taxpayers against the reassessment or reopening ...

TAXATION OF BUSINESS INCOME PRINCIPLES, AND TAX POLICY CONSIDERATIONS UNDERLYING INADMISSIBLE DEDUCTIONS REGIME.

(1) Contrary to the principle-specific admissibility regime of section 20; the Income Tax Ordinance, 2001 contemplates under section 21 an expenditure-specific inadmissibility regime for the purposes of computing taxable ...

THE ART OF PLEADING

PART- 1 INTRODUCTION To unfold the topic, I will follow in following terms of the divine ordinance as contained in Surah Taha of the Quran with respect to both essence and mode of pleading your contention before an authority ...

BETTER WAY TO HANDLE A NOTICE FROM ANY TAX ENFORCEMENT AGENCY

In a third-world country, ordinarily, governmental agencies tend to abuse powers and tax departments of Pakistan (federal, provincial, or city/district governments) are no exception. Ordinarily, on receipt of a notice (informative and ...

What Treasures of Polity the Great Iqbal and Jinnah gave to us and what we gave them in Return

We produced two great leaders of world class in all aspects. They gave us pride, grit, sense of identity and sense of direction because they were icons of truth, righteousness and nobility. Above all, these two stars of human history ...

WHEN PURITY OF TAX JUSTICE IS AT STAKE

By Mr. Amjad Javaid Hashmi, Advocate Supreme Court and Mr. Shahid Ali Qureishi, Advocate High Court This article brings home the constitutional noise and statutory clamor by way of misguided application and affirmation of the ratio ...