Federal taxable income generally includes wages, tips, royalties, commissions, and for some, up to 85% of Social Security benefits. And that's not an exhaustive list. However, several categories ...

The Income Tax Department has introduced a new feature on its e-filing portal that allows taxpayers to submit rectification requests online, even if their Income Tax Returns (ITRs) are currently ...

MANILA, Philippines — To be finally called an “upper middle-income country (MIC)” sounds good to the ears. And this year, we have repeatedly heard the economic team of President Marcos tout ...

Dubai's new smart rental index is expected to bring fair pricing for new and old buildings, reflect more precise rents of the building rather than the broader area and could prevent arbitrary rent ...

Q - Should a resident Indian having rental income from the US, take the benefit of depreciation and other reliefs allowed in the US and offer for tax on house property income on a net basis in India?

India may reduce income tax for individuals earning up to Rs 15 lakh annually in the upcoming budget to support the middle class and drive consumption. This potential change, under the 2020 tax ...

(Pixabay) NEW DELHI (Reuters) - India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class ...

NEW DELHI, Dec 26 (Reuters) - India is considering cutting income tax for individuals making up to 1.5 million rupees ($17,590) a year in February's budget to provide relief to the middle class ...

Rick rents out 3 rooms of his 12-room house. He is not sure how to split the expenses when he reports his rental income. Rick's expenses were property taxes, electricity, insurance, and the cost of ...

That also varies depending on where you live and work. Here's a primer on income tax: what it is, how it works, how to calculate it and which states don't have it. There is federal income tax ...

ISLAMABAD: A division bench of Appellate Tribunal Inland Revenue (ATIR) has held that under the tax treaties of Pakistan with United Arab Emirates and United Kingdom the rental income and capital ...

One strategy for earning income with derivatives is selling (or "writing") options to collect premium amounts. Options often expire worthless, allowing the option seller to keep the entire premium ...