Compliance date for capital gains tax exemption extended to March 31

Compliance date for capital gains tax exemption extended to March 31 | Economic Times

Compliance date for capital gains tax exemption extended to March 31 https://ift.tt/SQl4Y7c relaxation was announced following representations and in view of hardships faced by taxpayers due to Covid-induced restrictions. "In exercise of its power under Section 119 of the Act, hereby provides that the compliances ..., may be completed on or before March 31," the CBDT notification said

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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