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Hyderabad Nizam's grandson seeks one-time settlement from Centre over pending Income, Wealth Tax


ANI |
Updated: Jan 14, 2021 08:21 IST
Hyderabad (Telangana) [India], 14 January (ANI): Family members of the last Nizam of Hyderabad Mir Osman Ali Khan have written to Finance Minister Nirmala Sitharam urging her to resolve the Nizam Jewellery Trust income and wealth tax issue which has been pending with the Income Tax department for the last 26 years.
Najaf Ali Khan, grandson of the last Nizam urged for a one-time settlement of the issue stating that 39 of the 114 beneficiaries from the Nizam Family had either expired during this period and most of those remaining were senior citizens facing health and financial issues.
In the 1950s, the last Nizam had created various Trusts, one of which was the Nizam Jewellery Trust. The Trustees, which included Prince Muffakham Jah and a government nominated official from the Finance Ministry, were empowered to sell the jewellery. ....

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Family asks govt to resolve Nizam Jewellery Trust income and wealth tax issue


Family asks govt to resolve Nizam Jewellery Trust income and wealth tax issue
Najaf Ali Khan urged the minister to direct the officers concerned to look for one-time settlement of the issue
Tuesday January 12, 2021 10:15 PM, IANS
Hyderabad: Family members of VIIth Nizam Mir Osman Ali Khan have urged the government of India to resolve the Nizam Jewellery Trust income and wealth tax issue pending for the last 26 years.
Nizam s grandson Najaf Ali Khan told IANS on Tuesday that he has written to Union Finance Minister Nirmala Sitharaman to resolve the issue as most of the beneficiaries of the trust are senior citizens facing health and financial problems. ....

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Nizam's jewels: Family seeks settlement of unresolved tax issue


Nizam s jewels: Family seeks settlement of unresolved tax issue
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IANS
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Published on
​ Tue, Jan 12 2021 21:33 IST
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Nizam s grandson claims invalid certificate used in UK court. Image Source: IANS News
Hyderabad, Jan 12 : Family members of VIIth Nizam Mir Osman Ali Khan have urged the government of India to resolve the Nizam Jewellery Trust income and wealth tax issue pending for last 26 years.
Nizam s grandson Najaf Ali Khan told IANS on Tuesday that he has written to Union Finance Minister Nirmala Sitharaman to resolve the issue as most of the beneficiaries of the trust are senior citizens facing health and financial problems. Many of the beneficiaries have expired, he said. ....

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