Agricultural income is fully exempt under Section 10(1), but it must be included for rate purposes. This means that it is added to your total income to compute the tax rate applicable to your regular ...

If your income tax refund hasn't yet been credited to your bank, there's no need to panic. Refund delays can be due to ...

Got a nightmare neighbour story? Tell us in the comments as we explain how to turn detective when you're house hunting.

The Federal Tax Ombudsman has referred a maladministration case against senior FBR officials to the chairman for inquiry and ...

65 per cent of taxpayers use digital channels – For the first time, Elster is ahead of commercial software. Many require pre-filled forms.

Seniors must avoid the MAGI ($75k/$150k) trap, file Schedule 1-A jointly, and know the $6k deduction won't lower AGI for other benefits. Use the W-4 worksheet!

From stalled projects to missing approvals, homebuyers across India are learning the hard way that the dream of ownership can ...

ITAT Chennai held that interest received on enhanced compensation forms part of the compensation and hence entitled for exemption under section 10(37) of the Income Tax Act and accordingly, not ...

Indian students on OPT in the US currently benefit from FICA tax exemption, saving thousands annually. However, proposed US ...

ITAT Delhi held that addition towards undisclosed source of income cannot be sustained merely because this amount is not reported in Tax Audit Report since transaction is duly recorded in books of ...

The Department of Veterans Affairs spends billions on dubious and even fraudulent disabilities benefits. Meanwhile, some ...

The Advanced Canada Workers Benefit (ACWB) is another payment for low-income individuals and families to help with the rising ...