Tax Breaks

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Good news: Senior citizens get tax break on income from house

With an aim to make the reverse mortgage facility more attractive for senior citizens, the government has decided to give tax break on installment earned by pledging his residential property.<br /><br />

Obama to US Congress: let's resolve fiscal fight

President Barack Obama appealed for cooperation and compromise from US congressional leaders today, saying that surmounting the so-called fiscal cliff at year's end is "urgent business."

FM's poser: Paying Tax = Civilised; Tax Breaks = Uncivilised?

The finance ministers says paying taxes is a mark of civilisation; does that mean paying less tax even as per law is uncivilised?

Obama's 2015 budget seeks $60 bn tax credit expansion

President Barack Obama will strike a firmly populist tone in his 2015 budget plan on Tuesday, proposing to pay for an expansion of a popular tax credit for the working poor by eliminating tax breaks claimed by wealthy Americans.