Iqbal Yasir & Co CAs Faisalabad

Iqbal Yasir & Co CAs Faisalabad Iqbal Yasir & Company is a QCR rated firm, where the accumulated experience of the top management is more than 125 years

An Independent Member of Daxin Global International Firm

IY&Co is led by 9 Partners and have offices in all major financial districts i.e. LAHORE, ISLAMABAD, FAISALABAD, KARACHI and PESHAWAR, which employ more than 130 staff, having an accumulated experience of more than 125 Year of top management

🌙✨ Some moments stay with you forever… ✨🌙This Ramadan, Iqbal Yasir & Co., Chartered Accountants – Faisalabad Office came...
19/03/2026

🌙✨ Some moments stay with you forever… ✨🌙

This Ramadan, Iqbal Yasir & Co., Chartered Accountants – Faisalabad Office came together for a beautiful Iftaar evening.

It wasn’t just about sharing a meal… it was about sharing warmth, laughter, and the kind of connection that goes beyond everyday work.

Those few moments of breaking fast together, making duas, and sitting side by side reminded us that the true strength of any organization lies in its people and the bonds they build.

May this spirit of togetherness, sincerity, and gratitude always remain with us 🤍

🌙 Ramadan Kareem

🚨 SECP Compliance Alert – Companies Act, 2017Under Section 233 of the Companies Act, 2017, all companies (except certain...
03/03/2026

🚨 SECP Compliance Alert – Companies Act, 2017

Under Section 233 of the Companies Act, 2017, all companies (except certain private companies with share capital not exceeding PKR 10 million) are required to file their audited financial statements within prescribed timelines.

📌 Filing Deadlines:
• Listed Companies – Within 30 days after AGM
• Other Companies – Within 15 days after AGM

Failure to comply may result in penalties under the Companies Act, 2017, and electronic notices are being issued to non-compliant companies through SECP.

At Iqbal Yasir & Co. Chartered Accountants – Faisalabad Office, we assist companies in:

✔ SECP eZfile filing & compliance
✔ AGM compliance support
✔ Corporate regulatory advisory
✔ Regularization of overdue filings

If your company has not yet filed its audited financial statements, now is the time to review your compliance status and avoid penalties.

📩 Contact us @ 0302 7114450 today for professional assistance and timely compliance.

27/01/2026

We’re Hiring – Induction Open for CAF Qualified Students

Iqbal Yasir & Co, Chartered Accountants, is pleased to announce induction opportunities for CAF qualified students who are motivated to build a strong professional career in accounting and audit.

📍 Office Address:
P-20, Asif Street, Bilal Road, Civil Lines, Faisalabad

📧 Send your resume to:
[email protected]

🗓 Last date to apply: 29-01-2026

Join a professional environment that focuses on learning, growth, and practical exposure.

📢 **SECP Reminder for Companies – AGM & Statutory Filings**Under **Section 132 of the Companies Act, 2017**, every compa...
01/12/2025

📢 **SECP Reminder for Companies – AGM & Statutory Filings**

Under **Section 132 of the Companies Act, 2017**, every company (other than a Single Member Company) is required to:

✅ Hold its **first Annual General Meeting (AGM)** within **16 months of incorporation**
✅ Then hold an **AGM every year** within **120 days of financial year end**

**After the AGM, companies must file:**

📄 **Annual Return (Form-A / Form-24)** – within **30 days of AGM**
📄 **Financial Statements** –
• within **30 days** (for listed companies)
• within **15 days** (for public companies & certain private companies)
📄 **Form-11** – details of substantial shareholders (if applicable)

⚠️ Delays may result in **additional fees and penalties**.

Ensure timely compliance and stay on the right side of the law.
For assistance with AGM and SECP filings, feel free to contact us.

26/11/2025

Top 3 Tax Mistakes People Make in Pakistan:
1️⃣ Not verifying whether suppliers are FBR Active Taxpayers
2️⃣ Claiming expenses without proper documentation
3️⃣ Ignoring withholding tax on routine payments
Avoid these to stay compliant and save money legally.”*

CAF Induction 2025 – ArticleShip Opportunity 📢 Iqbal Yasir & Co. Chartered Accountants – Faisalabad Office We are hiring...
14/11/2025

CAF Induction 2025 – ArticleShip Opportunity 📢 Iqbal Yasir & Co. Chartered Accountants – Faisalabad Office We are hiring CAF-Qualified candidates for CA ArticleShip at our Faisalabad Office. 📍 Office Location (Faisalabad): P-20 Asif Street, Bilal Road, Civil Lines, Faisalabad 📩 How to Apply: Email your resume with the subject line “CAF Induction 2025” to: [email protected] Start your professional CA journey with an established and dynamic firm. 🎉💼📈👍

31/10/2025

سپریم کورٹ کا فیصلہ: سیلز ٹیکس ایکٹ کے تحت جرمانے کی وصولی دفعہ 11 کے ذریعے غیر قانونی قرار

سپریم کورٹ آف پاکستان نے ایک تاریخی فیصلے میں قرار دیا ہے کہ سیلز ٹیکس ایکٹ 1990 کی دفعہ 11 صرف ٹیکس کی تعیین (assessment) اور وصولی (recovery) کے لیے مخصوص ہے، اس کے تحت جرمانے (penalties) عائد یا وصول نہیں کیے جا سکتے۔ عدالتِ عظمیٰ نے فیڈرل بورڈ آف ریونیو (FBR) کی تمام درخواستیں مسترد کرتے ہوئے لاہور ہائیکورٹ راولپنڈی بنچ کا فیصلہ برقرار رکھا۔

پس منظر (Background)

یہ مقدمہ کمشنر ان لینڈ ریونیو، آر ٹی او راولپنڈی بمقابلہ ڈی واٹسن، سیو مارٹ اور دیگر کے عنوان سے سپریم کورٹ میں زیرِ سماعت تھا۔

تین رکنی بنچ، جس کی سربراہی چیف جسٹس یحییٰ آفریدی کر رہے تھے، جبکہ دیگر ججز میں جسٹس محمد شفیع صدیقی اور جسٹس مینگل حسن اورنگزیب شامل تھے، نے 20 اکتوبر 2025 کو فیصلہ سنایا۔

معاملے کی تفصیل (Case Details)

ایف بی آر نے نومبر 2021 میں متعدد ریٹیلرز بشمول ڈی واٹسن، سیو مارٹ، نیلسن فارمیسی، اور دیگر کو شوکاز نوٹسز جاری کیے تھے۔
ان نوٹسز میں الزام لگایا گیا تھا کہ ان کاروباری اداروں نے:

ایف بی آر کے مانیٹرنگ سسٹم کے ساتھ درست انٹیگریشن نہیں کی، انوائسز پر بارکوڈ یا QR کوڈ شامل نہیں کیا، یا ڈپلیکیٹ یا جعلی انوائسز جاری کیں۔

ان خلاف ورزیوں پر دفعہ 33 (سیریل نمبر 24) کے تحت بھاری جرمانے عائد کیے گئے، اور ایف بی آر نے ان کی وصولی کے لیے دفعہ 11 کا سہارا لیا۔

تاہم لاہور ہائیکورٹ راولپنڈی بنچ نے قرار دیا کہ دفعہ 11 ٹیکس کی تعیین اور وصولی تک محدود ہے، لہٰذا اس کے ذریعے جرمانہ وصول کرنا غیر قانونی ہے۔ ایف بی آر نے اس فیصلے کے خلاف سپریم کورٹ سے رجوع کیا۔

سپریم کورٹ کے مشاہدات (Supreme Court’s Observations)

جسٹس محمد شفیع صدیقی نے فیصلے میں لکھا کہ:

> “دفعہ 11 کا دائرہ کار صرف ان معاملات تک محدود ہے جن میں ٹیکس کی عدم ادائیگی، کم ادائیگی، یا غلط ریفنڈ کا معاملہ ہو۔ اس دفعہ کے کسی ذیلی حصے میں جرمانوں کے نفاذ یا وصولی کی اجازت نہیں دی گئی۔”

عدالت نے یہ بھی قرار دیا کہ ایف بی آر کے شوکاز نوٹسز میں کسی مخصوص ٹیکس لین دین یا ریونیو کی کمی کی نشاندہی نہیں کی گئی۔ صرف جرمانے کی رقم بتائی گئی تھی، جو کہ قانون کے مطابق نہیں۔
فیصلے میں مزید کہا گیا:

جب تک کسی قابلِ شناخت لین دین یا ٹیکس چوری کا تعین نہیں ہوتا، محض ایک انتظامی خلاف ورزی پر دفعہ 11 کے ذریعے جرمانہ عائد کرنا قانون کے منافی ہے۔”

سپریم کورٹ کا فیصلہ (Decision)

عدالتِ عظمیٰ نے قرار دیا کہ:

> “دفعہ 11 کے تحت صرف ٹیکس کی تعیین اور وصولی ہو سکتی ہے، جبکہ دفعہ 33 کے تحت جرمانے عائد کرنے کے لیے علیحدہ عدالتی کارروائی ضروری ہے۔”

نتیجتاً، سپریم کورٹ نے ایف بی آر کی تمام 15 اپیلیں خارج کر دیں اور لاہور ہائیکورٹ کے فیصلے کو درست قرار دیا۔

قانونی اثرات (Legal Implications)

قانونی ماہرین کے مطابق یہ فیصلہ مستقبل میں ایف بی آر کی کارروائیوں کے لیے واضح رہنمائی (precedent) فراہم کرے گا۔

اب جرمانے صرف اس صورت میں عائد کیے جا سکیں گے جب کوئی ٹیکس ایویژن یا قابلِ شناخت ٹیکس شارٹ فال ثابت ہو۔
یہ فیصلہ POS انٹیگریشن جیسے مقدمات میں کاروباری طبقے کے لیے ایک بڑا ریلیف سمجھا جا رہا ہے۔

سپریم کورٹ آف پاکستان، آرڈر مورخہ 20 اکتوبر 2025
(کمشنر ان لینڈ ریونیو، آر ٹی او راولپنڈی بمقابلہ ڈی واٹسن، سیو مارٹ و دیگر)

🌟 WE’RE HIRING! 🌟Join our dynamic Taxation Team at Iqbal Yasir & Co. Chartered Accountants — Faisalabad Office!📌 Positio...
11/10/2025

🌟 WE’RE HIRING! 🌟
Join our dynamic Taxation Team at Iqbal Yasir & Co. Chartered Accountants — Faisalabad Office!

📌 Position: Assistant Manager Taxation
🎓 Qualification: CAF Qualified / CA Finalist
💼 Experience: Articles completed from a reputed CA firm with hands-on experience in the Tax Department
📍 Location: P-20, Asif Street, Bilal Road, Civil Lines, Faisalabad

If you’re passionate about taxation, eager to grow, and ready to take your career to the next level we’d love to hear from you! 🚀

📧 Apply Now: [email protected]

📱 WhatsApp: 0302-7114450 (mention position title)
🗓 Deadline: 17th October 2025

📢 SECP Reminder for All Companies! 🏢It’s time to hold your Annual General Meeting (AGM) and file statutory returns on ti...
09/10/2025

📢 SECP Reminder for All Companies! 🏢
It’s time to hold your Annual General Meeting (AGM) and file statutory returns on time to stay compliant with the Companies Act, 2017 and Companies Regulations, 2024.

🔍 Key Highlights:
✅ Every company (except SMCs) must hold its first AGM within 16 months of incorporation, and thereafter within 120 days after the end of each financial year.
📄 Following AGM, companies must file:

Annual Return (Form-A / Form-24) – within 30 days of AGM

Financial Statements – within prescribed timelines (15–30 days)

Form-11 – for substantial shareholder/beneficial ownership details

⚠️ Non-compliance may lead to penalties and additional fees!
Ensure timely filing and compliance to keep your company in good standing.

If you have any question or need assistance with AGM filing or SECP compliance, contact us today:

📞 +92-332-6941341
📍 P-20 Asif Street, Bilal Road, Civil Lines, Faisalabad

🚨 FBR’s SPECIAL RADAR ALERT! 🚨💳⚠ High Credit Card Spending Under Federal Board of Revenue (FBR) WatchIf you’re spending ...
09/10/2025

🚨 FBR’s SPECIAL RADAR ALERT! 🚨
💳⚠ High Credit Card Spending Under Federal Board of Revenue (FBR) Watch

If you’re spending over Rs. 200,000 per month through your credit card, be prepared to explain your expenses to the FBR.

🏦 Banks are now sharing customer credit card data directly with the Federal Board of Revenue.
📑 Taxpayers must ensure that all card-based purchases and payments are properly declared in their income tax returns.

If you have any question or need guidance regarding tax compliance or FBR notices, feel free to contact us:

📞 +92-332-6941341
📍 P-20 Asif Street, Bilal Road, Civil Lines, Faisalabad

We are Iqbal Yasir & Co, Chartered Accountants – Faisalabad Office

📢 Important Update from FBR – Sales Tax De-Registration NoticeThe Federal Board of Revenue (FBR) has issued Sales Tax Ge...
09/10/2025

📢 Important Update from FBR – Sales Tax De-Registration Notice

The Federal Board of Revenue (FBR) has issued Sales Tax General Order No. 04 of 2025, dated 8th October 2025, regarding De-Registration of Sales Tax under Section 21 of the Sales Tax Act, 1990 read with Rule 11 of the Sales Tax Rules, 2006.

🔹 Key Highlights:

Taxpayers seeking sales tax de-registration must now apply online through FBR’s computerized system.

Manual applications will no longer be accepted by the Commissioner-IR.

Any pending manual applications will be processed through the computerized system.

If you have any question or need assistance in the de-registration process, our team is here to help.

📞 Contact us: +92-332-6941341
📍 Visit us: P-20 Asif Street, Bilal Road, Civil Lines, Faisalabad

Address

Asif Street Bilal Road Civil Lines
Faisalabad
38000

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00
Saturday 09:00 - 15:00

Telephone

+923027114450

Website

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