ISLAMABAD: The Supreme Court was asked to harmonise the definition of income given in various provisions of Income Tax Ordinance and the Section 4B. Lawyer Makhdoom Ali Khan argued that the super ...

The Bombay High Court addressed the applicability of Section 50C of the Income Tax Act, 1961, to the transfer of property held under a leasehold right in the case of Vidarbha Veneer Industries Ltd. vs ...

wichayada suwanachun / Getty Images Tax-exempt interest is interest income that is not subject to federal, state, and/or local income tax. Tax-exempt interest is a type of income that is not ...

With a direct tax, you pay the tax to the entity that imposed it. Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual ...

Ahead of the upcoming federal election, tax experts are describing the Conservatives’ proposal to defer capital gains tax ...

While the parties’ tax returns are the foundation for courts’ calculations of income, courts are vested with broad discretion to look beyond them, making the issue ripe for litigation.

Annuity payments are generally subject to income tax, with the taxable portion varying depending on the type of annuity and whether it is held within a qualified retirement account. For non ...

Critics have called for an overhaul of the confusing rules that they argue often leave investors paying taxes in the wake of ...

and their tax dollars sustain public services. But with no concrete, universally accepted definition of what it means to be middle class, household income is often used as a proxy indicator.

Inspire is maintaining its full year 2025 revenue guidance of between $940 million to $955 million, which represents growth of 17% to 19% over full year 2024 revenue of $802.8 million. The company is ...

Headed by PPPP MNA Syed Naveed Qamar, the committee instructed that the modified version of the Tax Laws (Amendment) Bill ...