Tamil Nadu Chief Minister K Palaniswami also stated that his wife s movable asstes were Rs 1,04,11,631 and that of the Hindu Undivided Family was Rs 50.21 lakh.
Updated Mar 09, 2021 | 06:04 IST
Taxpayers must remember that tax deductions/exemptions are only available under the old tax regime. People who have already opted for the new regime will not be able to claim any deduction or exemption. Searching for tax saving options? Here s a complete guide for you
New Delhi: Tax planning is one of the most important financial tasks every financial year. Proper tax planning helps you reduce your tax outgo while investing in instruments that will offer you some benefits. The last date for making tax-saving investments for the financial year 2020-21 is March 31. This is your last chance to maximise tax benefits under various sections, unless the finance ministry extends the deadlines again like it did the last time due to the COVID-19.
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Synopsis A widow s share in the joint family property of the deceased husband is only up to the share that would have come to him out of that family property, in the event of a partition/division of the joint property.
We regularly hear terms such as joint family, Hindu Undivided Family (HUF) and generally assume them to be the same. However, these terms have a fine but significant distinction which is important because of its implications on inheritance. These terms are explained below in a simple manner:
Joint hindu family property
A Hindu Joint Family consists of a common ancestor and all his lineal male descendants up to any generation together with the
GST intelligence unearths fake invoicing racket in Assam
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Synopsis
The Guwahati Zonal Unit of Directorate General of GST Intelligence (DGGI) unearthed a fake invoicing racket allegedly involving in issuance of fake GST invoices showing sale of TMT bars and Cement worth Rs. 20.62 Crores (approx.) involving GST amounting to Rs. 4.91 Crores and also availed and utilised GST Input Tax Credit (ITC) worth Rs. 4.48 crores.
Agencies
As per information, this is the first instance of an arrest made under the CGST Act, 2017 in the entire North East India.
GUWAHATI: Sleuths of GST intelligence has unearthed a fake invoicing racket allegedly involving issuance of fake GST invoices showing sale of TMT bars and cement worth Rs 20.62 Crores. The sleuths have arrested a mastermind which is believed to be the first instance of an arrest made under the CGST Act, 2017 in the entire North East India.