ISLAMABAD: The Islamabad High Court declared that the gain arising from the disposal of immovable property is only taxable under Section 37(1A) of the Income Tax Ordinance, 2001, irrespective of ...

Did our AI summary help? Staggered payments for an under-construction home often mean selling assets over multiple years but can tax benefits be claimed each time? Today's Ask Wallet Wise query ...

Moving intellectual property between owners and entities may sound simple and routine, but there are a few deceptive tax pitfalls that may arise. For transfers of IP involving entities under common ...

Many small business owners are pleased to learn that a vehicle they purchased for use in their company may qualify for a Section 179 tax deduction. Carefully using Section 179 vehicles can bring tax ...

When you plan to buy an under construction property, timing the sale of your existing house becomes crucial to get benefit under Section 54 of the I T Act. Today's Ask Wallet Wise query decodes how to ...

China’s vast property market is expected to continue to decline at least through the next year, according to S&P Global Ratings. “We estimate nationwide primary property sales will fall 8 per cent in ...

Elizabeth Blessing is a financial writer and editor specializing in growth investing, high-yield stocks, small caps, and gold investing. Lea Uradu, J.D., is a Maryland state registered tax preparer, ...

In the context of intra-family transfers, such as gifts or sales between spouses, these transactions can be considered legitimate if it is legally executed through a registered gift deed or sale deed, ...

PHILADELPHIA (WPVI) -- Approximately 70 properties lost their water service Tuesday due to a water main break in Philadelphia's Kensington section. The Action Cam was at the scene in the 3300 block of ...

If you’ve recently sold a property and are looking to preserve capital while reducing your tax liability, 54EC bonds could be an option. These tax-saving instruments offer exemption from long-term ...