Comments on Draft Income Tax
Alternate Dispute Resolution RulesHuzaima Bukhari & Dr. Ikramul HaqHuzaima Bukhari & Dr. Ikramul Haq, leading tax consultants, are well-known authors of many books on Pakistani tax laws. They work for a multi-disciplinary firm, HUZAIMA & IKRAM (fax: +92 42 5310721,…
Why temporary judges at High Court?
Huzaima Bukhari & Dr. Ikramul HaqThe advocates of independence of judiciary at the time of appointment of judges in High Courts on temporary basis themselves commit unconstitutional act. This practice is going on for the last many years –during all…
Acts of treason—going unnoticed
Huzaima Bukhari & Dr. Ikramul Haq“Syed Jamaat Ali Shah, former commissioner of Pakistan Commission of Indus Water, whose name was put on the Exit Control List after it was established that he had helped and facilitated India in building a…
ACCOUNTING OF INDEX FUTURES TRANSACTIONS
Dr. Ikramul HaqThis article deals with Accounting of Derivatives and attempts to cover the Pakistani scenario in some depth. The areas covered are Accounting for Foreign Exchange Derivatives and Stock Index Futures. Stock Index Futures are provided more coverage as…
ACCOUNTING OF INDEX FUTURES TRANSACTIONS
Dr. Ikramul HaqThis article deals with Accounting of Derivatives and attempts to cover the Pakistani scenario in some depth. The areas covered are Accounting for Foreign Exchange Derivatives and Stock Index Futures. Stock Index Futures are provided more coverage as…
NAB, NRO, corruption and democracy
Huzaima Bukhari & Dr. Ikramul HaqPakistan has been facing grim challenges of corruption, fiscal crimes, tax evasion, plundering and wasting of taxpayers’ money. No serious effort has ever been made for countering rent-seekers. Lack of accountability and unprecedented tolerance towards…
Campaign for accountability and reforms
Huzaima Bukhari & Dr. Ikramul HaqThe process of accountability must start from those who judge and adjudge others. Any process of accountability that lacks confidence, transparency and consensus is bound to fail, even bounce back. For sustainable democracy, accountability of…
Abusing withholding provisions
Huzaima Bukhari & Dr. Ikramul HaqProvisions of Sections 161 & 162 of the Income Tax Ordinance, 2001 could not have been invoked for recovery of tax, character of which changed from “advance tax” to “tax due” after assessment vide Section…
Abusing taxpayers’money
“When laws do not rule, there is no constitution”Dr. Ikramul HaqAll public power is a sacred trust, which is to be exercised fairly, justly, honestly and in accordance with law—Supreme Court of Pakistan in Workers’ Party Pakistan & Others v…