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'Zindagi ke baad bhi': COVID and the Worries about Transmission and Succession


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COVID’s virulent second wave has had a horrific impact on ‘people like us’ who believed that our social standing, savings and insurance would get us adequate healthcare and protection in a crisis.
 
The virus has shown us the deadly reality. Entire families have been wiped out; young kids had to grow up overnight and take charge of homes and finances.
 
I read one tragic tweet which said just two members of a joint family of 20 have survived the virus!
 
For many, it is a wake-up call to organise one’s finances and provide for the family during emergencies. While doing so, we stumble upon the glaring absence of definitions and standard operating procedures (SOPs) which are a tedious irritant in ordinary times but traumatic in a pandemic.  ....

Rishabh Talera , Subhash Agrawal , Shaktikanta Das , Subhash Agarwal , Moneylife Foundation , Protection Fund , Banking Companies Nomination , Life Insurance Corporation Of India , Exchange Board Of India , Awareness Fund , Emergency Measures , Electronic Signing , Reserve Bank , Banking Regulation Act , Investor Education , Exchange Board , Banking Companies , Depositor Education , Life Insurance Corporation , சுபாஷ் அகர்வால் , ப்ரொடெக்ஶந் நிதி , வங்கி நிறுவனங்கள் நியமனம் , வாழ்க்கை காப்பீடு நிறுவனம் ஆஃப் இந்தியா , பரிமாற்றம் பலகை ஆஃப் இந்தியா , விழிப்புணர்வு நிதி , அவசரம் நடவடிக்கைகள் ,

Legal Heirs Responsible For Paying Deceased's Tax Dues


Legal heirs responsible for paying deceased s tax dues
The legal heirs are liable only up to the extent of the assets that they inherit from the deceased
January 27, 2021 / 10:41 AM IST
After the demise of beloved family members, dependants initiate steps for deciding on inheritance, with procedures distinctly enumerated in cases with a Will. In other cases, the deceased may have died without a Will (intestate).
Inheritance normally refers to the asset/property that changes hands to the heir or those entitled to succeed post the demise/death of an asset owner (individual).  But not many are aware that obligations and debts of the deceased asset owner (individual) also have a distinct place in the process of inheritance. ....

Banking Companies Nomination , Firm Sole , Revenue Authority , Income Tax Act , Banking Companies , Savings Accounts , Fixed Deposits , Income Tax , Banks Commitment , Indian Succession Act , Legal Heir Certificate , Local Revenue Authority , Family Pension Certificate , State Government , Sole Proprietorship , Legal Heir , வங்கி நிறுவனங்கள் நியமனம் , நிறுவனம் ஒரே , வருவாய் அதிகாரம் , வருமானம் வரி நாடகம் , வங்கி நிறுவனங்கள் , சேமிப்பு கணக்குகள் , சரி செய்யப்பட்டது வைப்பு , வருமானம் வரி , வங்கிகள் அர்ப்பணிப்பு , இந்தியன் அடுத்தடுத்து நாடகம் ,