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Ghamkol & Company
Taxation
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Why You need us

We offer a broad range of banking and financial legal services. We take pride in providing dynamic solutions and timely services to lenders and borrowers dealing with financing and security matters, ensuring that the transaction is completed on time.


Our team, with considerable expertise and experience across virtually all types of financing facility (funded and unfunded) and securitization, is regularly involved in representing clients with respect to structuring, negotiating and documenting sophisticated and complex financing transactions, in matters ranging from real estate and asset-based finance, lease finance, Islamic finance, multi-lender syndicated loans to general corporate, commercial and consumer secured or unsecured lending.


In addition, our lawyers have advised and assisted some of the leading local and international banks and financial institutions, including Non-Banking Financial Institutions (NBFIs), in producing and updating their standard template banking and finance documents, banking products development and standardised terms and conditions. We are able to provide legally and technically sound advice, as our team handles all banking and financing matters from both commercial viewpoint, as well as the regulatory aspect.


Our team is also highly proficient in Islamic financing, advising Modarabas and Islamic banks on their Islamic financing transactions, including structuring, documentation and securitization, as well as development of Shariah-compliant products. Our expertise in Islamic finance include structuring on: (a) Murabaha, (b) Mushraka / Diminishing Musharaka, (c) Ijara, and (d) Istisna. Our formidable understanding of the principle of Shariah-compliant banking, coupled with our knowledge of current scholars' interpretations and the evolution of market practice for Islamic financing, enables us to work closely with Islamic financial institutions in devising innovative and leading-edge financing structures and products, ensuring that risks are minimized and our clients are able to leverage the opportunities available.


We assist and advise our clients in structuring, documenting and ultimately closing a wide range of financing transactions including:

Income Tax Advisory Services

  • Advice and opinions on the matters of Income Tax both written and oral
  • Advice and updating of new tax laws applicable to the company, AOP, and individual

Income Tax Compliance Services

  • E-filing of withholding tax statements on the month-to-month basis within the given timeframe
  • The advice in computing advance income tax on a quarterly basis and the related intimation to the department
  • The advice in computing capital gain tax and the related intimation to the department
  • Preparation of income tax provisions of the company
  • Computation of total income of the taxable person and tax thereon
  • Preparation and filing of Annual Income Tax Return of the Company, AOP
  • Compliance of legal notices in connection with withholding tax audit proceedings under Income Tax Ordinance, 2001
  • Compliance of legal notices in connection with income tax amendments proceedings
  • Preparation of income tax return of an individual

Indirect Taxation Services (Federal and Provincial Taxes)

  • Sales tax return review and advisory services
  • Compliance of legal notices with respect to the sales tax return and representations thereof
  • Provincial return and advisory services
  • Compliance of monthly sales tax return
  • Making representations before the Commissioner of Inland Revenue (Appeals) and/or Appellate Tribunal and/or higher authorities
  • Preparation and follow up of refund cases
  • Representation for sales tax audit proceedings