When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

The Indiana General Assembly is debating property tax reform. Senate Bill 1 is a focus of the debate. The original bill ...

Converting your home to a rental could increase your taxes when you eventually sell the property. Here’s what to know.

The future of federal taxes and the IRS is unclear for many reasons under the second administration of President Donald Trump ...

For Non-Resident Indians (NRIs), income earned abroad is generally not taxable in India. However, when it comes to profits ...

Selling your home can trigger capital gains taxes, but there are ways to reduce or eliminate your bill, experts say. Here’s ...

No tax up to 12 lakh is for those who opt for New Tax Regime. For Old Tax Regime and Income above Rs 12 lakh, the tax slabs ...

The new Income Tax bill will replace the existing Income Tax Act, 1961. The new bill is being brought to consolidate and ...

Finance Minister Nirmala Sitharaman on February 13 tabled the new Income Tax Bill in the Lok Sabha. The bill, which is headed ...

Calculating capital gains on rental property, determining the best ways to lower these liabilities, and then executing these strategies can be complex. For the best results, it’s wise to seek the help ...

There is a view that if the house is jointly funded, capital gains from sale of such a house, should be included in the ...

In principle, construction costs are deductible expenses, and their deduction could significantly reduce the capital gains tax payable upon selling the property. In order for construction costs to ...