Many Properties around the world, such as those owned by Religious Organizations or Governments are completely exempt from paying property taxes. Others are partially exempt, such as veterans who qualify for an exemption on part of their homes, and homeowners who are eligible for the School Tax Relief (STAR) program. If we look at the…
If anyone is single, under the age of 65, and your yearly income is less than $9,350, or married, under 65, with income less than $18,700, you’re exempt from paying axes. If you’re over the age of 65, single and have a gross income of $10,750 or less, you don’t have to pay taxes. Many…
IN THE LAHORE HIGH COURT, LAHORE JUDICIAL DEPARTMENT Case No: Writ Petition No.18420 of 2016 Waseem Yaqoob versus Government of the Punjab, etc. S.No.of order / Proceeding Date of Order/ Proceeding Order with signature of Judge, and that of parties’ counsel, where necessary 02.03.2017 Mr.Muhammad Younas Bhullar, Advocate for the petitioner. Mr. Muhammad Ejaz, Assistant…
Equality Tax: Equality is a fundamental principle of taxation. The progressive tax, which imposes a higher rate of taxation upon individuals with large incomes than on those with small incomes, is an attempt to achieve this objective. Definition of Equity of Taxation The principle that taxes should be fair and should be based on different…
Under the United States most individual U.S. states collect a State Income Tax in addition to federal income tax. The two are separate entities. Some local governments also impose an income tax, often based on state income tax calculations. What is State Tax Deduction? All the Taxpayers around the world, who itemize deductions on their…