Habib & Comapny - Tax Consultants & Accountants

Habib & Comapny - Tax Consultants & Accountants Habib & Co. is more than just a consultancy; we’re your trusted partner in navigating the complexities of modern finance.
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With a team of seasoned experts and industry veterans, we bring a wealth of knowledge and experience to every project we undertake. Tax Attorny | Corporate Lawyer | Global Tax Consultants | Accountants | Auditors | Trade Mark Specilist | SECP Expert

21/05/2026

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10/05/2026

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10/05/2026

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          Law
01/05/2026

Law

Tax Judgement Insight – Super Tax (Sections 4B & 4C)A key principle clarified by the Court:Super tax liability may exist...
29/04/2026

Tax Judgement Insight – Super Tax (Sections 4B & 4C)

A key principle clarified by the Court:
Super tax liability may exist, but it cannot be enforced independently without following the proper assessment mechanism.

This decision reinforces that in tax law,
procedure is as important as the liability itself.

A useful takeaway for practitioners when dealing with super tax demands and recovery proceedings.

⚖️ Tax Judgement InsightLahore High Court clarifies an important principle:Super Tax (Section 4C) cannot be applied inde...
29/04/2026

⚖️ Tax Judgement Insight

Lahore High Court clarifies an important principle:

Super Tax (Section 4C) cannot be applied independently
It must follow proper assessment procedure under Section 122

📌 A strong reminder for practitioners:
Procedure matters as much as liability

Stay informed. Stay compliant.

Understand Differences in Advance Tax & WHT
25/04/2026

Understand Differences in Advance Tax & WHT

Important notices or Orders, and their underlying meanings !
24/04/2026

Important notices or Orders, and their underlying meanings !

Understanding 1099-MISC: A Key Tax Form for Non-Wage Income! 🧾If you're a freelancer, independent contractor, or busines...
04/04/2026

Understanding 1099-MISC: A Key Tax Form for Non-Wage Income! 🧾
If you're a freelancer, independent contractor, or business owner who has received $600 or more in various types of income, you might be familiar with Form 1099-MISC.

This form is used to report non-wage income such as:

Rent paid to non-corporate landlords
Prizes & Awards like contest prizes
Royalty Payments for the use of intellectual property (like copyrights)
Medical & Healthcare Payments made to doctors or healthcare providers
Non-employee Compensation (independent contractors)
Attorney Fees and much more!

Check out the detailed infographic below for more on the 1099-MISC form, when it’s used, and the payments it covers.

🔑 Key Notes:

If you're paying independent contractors or freelancers for services, this form is crucial.
Also used for royalties, legal settlements, and certain insurance proceeds.
Don’t let IRS penalties catch you off guard—make sure to file your forms on time!

👉 For assistance with your taxes, feel free to reach out to Habibulla Chaudhary, a seasoned expert in tax preparation.

👇 Swipe through the infographic for more details!

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Wazirabad
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