Managing wealth: What changes for your investments in FY24

Managing wealth: What changes for your investments in FY24 https://ift.tt/LREc3eo financial year 2023-24 comes with several regulatory changes affecting equity markets, mutual funds, and other schemes. The government has increased Securities Transaction Tax by 25% on futures and options contracts, which means an increase in STT on options and futures contracts. Income from debt mutual funds will now be classified as a short-term capital gain, which restricts LTCG benefits for investments beyond March 31, 2023.

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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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