LAHORE: Four mobile applications for taxation & corporate law were launched by ‘S.M. Rehan & Co, Chartered Accountants’ for the first time in the history of Pakistan. No internet connection is required once the application has been downloaded and comes with one year free updates.
“I have gone through the mobile applications introduced by S. M. Rehan & Co and I am pleased to admit that the idea is excellent & the need of time”. These thoughts were expressed by Dr. Muhammad Tariq Masood, Chief Commissioner RTO II, Federal Board of Revenue (FBR), Karachi.
He further said that these applications will lead others to new dimensions of time and will help combine the taxation & mobile applications. “I expect that these will ease the problems of the masses as well as professionals on one hand and on the other the applications will meet the general expectations”, he added.
While explaining the concept behind the mobile applications, S. M. Rehan, the CEO of S. M. Rehan & Co said that being practicing Chartered Accountants we were well aware of problems faced by the general public. A common man cannot work out the income tax liability due to the complex workings of rebates, fixed tax, final tax, normal tax and the calculations of withholding tax. The issue of filer & non-filer has also made this quite complicated.
“Thus a simple and easy solution was the need of time and all these issues have been solved through these applications in a user-friendly manner. The mobile application Tax Calculator is the idea introduced for the first time in Pakistan keeping in mind the general public to bypass complex tax workings and engaging consultants for typical tax calculations which will facilitate business decision making”, he added.
