HUF Essentially allows a Joint or any family 4 that matter 2 be treated as an individual & the family’s income 4m inherited property, wills and gifts 2 be taxed separately rather than being clubbed with individual’s income.
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HUF / H!ndu Undivided Family - A thread
HUF or H!ndu undivided family is a special provision under the income tax act which allows H!ndu families to enjoy lesser payable income tax as compared to any other individual.
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HUF Essentially allows a Joint or any family 4 that matter 2 be treated as an individual & the family’s income 4m inherited property, wills and gifts 2 be taxed separately rather than being clubbed with individual’s income.
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What does that mean? In essence, It means that it allows the individuals to reduce the payable income tax, as they do not have to consider income from HUF when calculating “their own” taxable income.
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HUF is deeply rooted in appeasement of H!ndu sentiments while placing the interest of country and it’s revenue at the back seat.
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https://t.co/WtTOUHcjtN
More from Politics
My piece in the NY Times today: "the Trump administration is denying applications submitted to the United States Citizenship and Immigration Services at a rate 37 percent higher than the Obama administration did in 2016."
Based on this analysis: "Denials for immigration benefits—travel documents, work permits, green cards, worker petitions, etc.—increased 37 percent since FY 2016. On an absolute basis, FY 2018 will see more than about 155,000 more denials than FY 2016." https://t.co/Bl0naOO0sh
"This increase in denials cannot be credited to an overall rise in applications. In fact, the total number of applications so far this year is 2 percent lower than in 2016. It could be that the higher denial rate is also discouraging some people from applying at all.."
Thanks to @gsiskind for his insightful comments. The increase in denials, he said, is “significant enough to make one think that Congress must have passed legislation changing the requirements. But we know they have not.”
My conclusion:
Based on this analysis: "Denials for immigration benefits—travel documents, work permits, green cards, worker petitions, etc.—increased 37 percent since FY 2016. On an absolute basis, FY 2018 will see more than about 155,000 more denials than FY 2016." https://t.co/Bl0naOO0sh
"This increase in denials cannot be credited to an overall rise in applications. In fact, the total number of applications so far this year is 2 percent lower than in 2016. It could be that the higher denial rate is also discouraging some people from applying at all.."
Thanks to @gsiskind for his insightful comments. The increase in denials, he said, is “significant enough to make one think that Congress must have passed legislation changing the requirements. But we know they have not.”
My conclusion:
We’ve been getting calls and outreach from Queens residents all day about this.
The community’s response? Outrage.
Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.
When we talk about bringing jobs to the community, we need to dig deep:
- Has the company promised to hire in the existing community?
- What’s the quality of jobs + how many are promised? Are these jobs low-wage or high wage? Are there benefits? Can people collectively bargain?
Displacement is not community development. Investing in luxury condos is not the same thing as investing in people and families.
Shuffling working class people out of a community does not improve their quality of life.
We need to focus on good healthcare, living wages, affordable rent. Corporations that offer none of those things should be met w/ skepticism.
It’s possible to establish economic partnerships w/ real opportunities for working families, instead of a race-to-the-bottom competition.
The community’s response? Outrage.
Amazon will divide its second headquarters evenly between New York's Long Island City and Arlington County's Crystal City neighborhoods. Other cities may also receive major sites. https://t.co/c1lKmeQinX
— The Wall Street Journal (@WSJ) November 13, 2018
Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here.
When we talk about bringing jobs to the community, we need to dig deep:
- Has the company promised to hire in the existing community?
- What’s the quality of jobs + how many are promised? Are these jobs low-wage or high wage? Are there benefits? Can people collectively bargain?
Displacement is not community development. Investing in luxury condos is not the same thing as investing in people and families.
Shuffling working class people out of a community does not improve their quality of life.
We need to focus on good healthcare, living wages, affordable rent. Corporations that offer none of those things should be met w/ skepticism.
It’s possible to establish economic partnerships w/ real opportunities for working families, instead of a race-to-the-bottom competition.
Here's why I bother to do the search, and even take the time to check.
This is part of a pattern that as detailed by Mueller, and has been proven by reputable studies since then. Here are parts of an Oxford report on the goals of the ongoing social media operations of Russia. https://t.co/qapD8Eh2SQ
https://t.co/nJPPOwF1MA
The full report can be found here.
https://t.co/1q525xWYZE
Excertps from the 2019 Senate Intelligence Committee Report on Russian Actove Measures Campaigns and Interference:
Also form the Senate Intelligence Committee report
This is part of a pattern that as detailed by Mueller, and has been proven by reputable studies since then. Here are parts of an Oxford report on the goals of the ongoing social media operations of Russia. https://t.co/qapD8Eh2SQ
Here's some from a search of your TL
— \U0001d679\U0001d698\U0001d691\U0001d697 \U0001d686\U0001d68e\U0001d69c\U0001d695\U0001d68e\U0001d6a2 (@thepalemoonlt) April 21, 2021
Uses of the word prison before today: 13.
Tweets for specifically suggesting abolishing prison prior to today: 1 on 06/03/2020
Mentions of prison and abolishing it today: 8
Of all the times to speak out, Why did you choose to now? https://t.co/kl7gx7ky2H
https://t.co/nJPPOwF1MA
The full report can be found here.
https://t.co/1q525xWYZE
Excertps from the 2019 Senate Intelligence Committee Report on Russian Actove Measures Campaigns and Interference:
Also form the Senate Intelligence Committee report
