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According to a Bloomberg report, the proposal reportedly came from the Reserve Bank of India.
According to market experts, an HUF may gift assets to its members if all members agree unanimously.
Since these sectors rely heavily on commercial cylinders, many may pass on the increased costs to customers.
Under the Income Tax Act, 2025, those without taxable income or a PAN must submit Form 157 before leaving the country.
One of the most practical features is its flexibility during emergencies.