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The Income Tax Department has released draft Income-tax Rules, 2026, alongside new forms.
Indian succession laws clearly state that registration is not compulsory for a will to be valid.
Under the draft, PAN will be required only if total cash deposits or withdrawals reach ₹10 lakh in a financial year.
Buybacks are a common method for companies to return surplus cash to shareholders.
Budget 2026 provides a tax exemption on interest from motor accident compensation.