A.   Background (BG)

1.   This refers to the related Important TLQCs in trail, blue, italic and double Line (a) 3183 of 30.5.25 about Budget 2025-26: Finance Act - Gazette version (b) 3196 of 12.7.25 about Budget 2025-26: Yousuf Adil Comments on Finance Act (c) 3194 of 10.7.25 about Budget 2025-26: KPMG Comments on Finance Act (d) 2834 of 13.7.24 about Salary Tax WHT S. 149 ERROR in FBR version IT Ordinance & KC Recommendation

2.   We also refer to several Other TLQC including (a) 3178 of 27.6.25 about Budget 2025-26: Anomalies Committee (Business) Meeting Minutes (b) 3176 of 24.6.25 about Budget 2025-26 Report of NA Standing Committee on Finance & Revenue

B.   Updated Commentary

Further to KQU 3473 of 21.7.25, being an important matter, we would inform you about  Income Tax Ordinance - Last amended dated 29.6.25 (Attachment 3210.1) Unauthentic Version roaming around several WA groups. Hence, refer to para C & D.

C.   Kasbati & Co Workshops

1.  Important Workshops Planner

2.   Even if you have attended any Post Budget or Post Finance Act Seminar and Conference, it is important to have an In-depth Study Six Finance Acts' 525+ Changes by yourself independently OR by attending Workshop owing to several changes in Federal & Provincial Laws, the details thereof are in trail. Please register urgently due to limited seats.

3.   It is highly recommended to attend “One Day Finance Act Workshop for Quick Understanding over 300+ amendments”, even if you have attended Seminar/s & Conference/s. The reasons for the same are covered in the short clip here by Mr Asif Kasbati, FCA, FCMA & LLB (if you could not Spare time, etc for "Two Days in-depth Study 6 Finance Acts 550+ Amendments Workshop on 22 & 24 July 2025" as per our details sent via separate email).

4.   Owing to significant changes in SST Law, it is worthwhile to attend the Sindh Sales Tax Workshop at Nominal price.

D.   Kasbati & Co Recommendation

1.  We recommend that instead of referring to Finance Bill and Commentaries thereon, and even in above Income Tax Ordinance Unauthentic version (no FBR post FA 2025 version is not released so far; and FBR post FA 2024 version earlier, there was an error; for example, TLQC 2834 of 13.7.24 in trail refers) it is always better to refer to the Gazette version.

2.  Moreover, attend Workshop/s as per para C to know the updated Laws and its interpretation viz a viz Pre & Post Finance Bill and Pre-Post Finance Act. 

3.  Also get Formal Advice on all major matters to avoid pitfalls.  

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email us.

Best regards for Here & Hereafter

Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

Quick Commentary Service Provider and High Level 440+ Tax & Levies Laws Consultants) 

Head of Tax & Professional Excellence Services (Symbols of High Quality Practical Tax, Levies & Corporate Training for Beginners to High Levels' Professionals) 

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