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With respect to the Income Tax structure in Singapore, the employment income is taxed at __________ or resident rate, whichever gives rise to a higher amount.
Sections _____ to______ of the Hindu Succession Act, 1956 lay down the general rules as to the order of succession when a Hindu male dies intestate.
For 2012-2013 the annual exclusion amount sheltered from estate tax in US is ____________.
Your client, a businessman has a house worth Rs. 2.1 crore and a farm house worth Rs. 85 lakh. His business is worth Rs. 10 crore as per last balance sheet. He has two other partners in the business having stakes of 24% each. He has two cars purchased at Rs. 40 lakh and Rs. 20 lakh, the latter being in personal account. The cars have depreciated/market value at Rs. 30 lakh and Rs. 8 lakh respectively. His joint Demat account, wife being primary holder, has stocks worth Rs. 1.65 crore. The business has taken Keymans insurance on his life of value Rs. 1.5 crore. He has himself insured his life for an assured sum of Rs. 1.5 crore. You evaluate your client's estate in case of any exigency with his life as _____.
