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Covid effect: Many now in a hurry to create wills to secure family wealth

There has been a spike in registration of wills, succession planning at family businesses, and estate planning over the last year. Moreover, the pandemic has made such legal processes age-agnostic. While in the past mostly parents or grandparents may have made a will, many such families now want their children (often in their late 20s and 30s) to make one too.

GST mop-up tops Rs 1 02 lakh crore in May, 65% higher compared to 2020

In addition, while the taxpayers with turnover above Rs 5 crore had to file their returns by June 4, which they would have otherwise filed by May 20, smaller taxpayers with turnover less than Rs 5 crore still have time till first week of July to file the returns without any late fee and interest, and the revenue from these taxpayers is deferred till then.

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