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Income Tax Raid… Rights of an Assessee |
Authorised officers of the IT department can search residential and business premises, vehicles and bank lockers and seize the account books, stocks and valuables. |
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Cash Less Medi-Claim |
As the name suggests, one can get hospitalized, undergo surgery or both without having to pay cash at the time of bill settlement. The insurance company settles the bill directly through its third- party administrator (TPA) whose contacts are usually provided along with the policy. |
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HUF / Clubbing Of Income |
income earned by a minor or a spouse can be clubbed with your income, which means that you will have to pay tax on your taxable income as well as theirs. However, there are a few instances where the income will not be clubbed in your hands. |
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