Angel Tax: No assessment of startups registered with DPIIT

Angel Tax: No assessment of startups registered with DPIIT https://ifttt.com/images/no_image_card.pngThis means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, "contentions of such recognised startup companies on the issues will be summarily accepted".

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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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