Hindu Undivided Family

Can my ex-husband inherit my estate, and will my children inherit from him?

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Can my ex-husband inherit my estate, and will my children inherit from him?

I am a divorcee with two children. If anything unfortunate happens to me, can my ex-husband claim a share in my estate? Will my children inherit property from my ex-husband should he pass away? We assume that you and your ex-husband are Hindu. In case of the unfortunate circumstance that you pass away without making a … Read more

Here’s how to accurately declare assets in Schedule AL of your ITR

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Here's how to accurately declare assets in Schedule AL of your ITR

Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered accountant at Acer Tax & Corporate Services LLP, explains, “The government wanted a monitoring system to check if the value of a taxpayer’s assets corresponds to the income earned by them. Thus, Schedule AL was introduced.” To help taxpayers … Read more