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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It also encompasses Buddhist, Ja!n & Sikh families.

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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Essentially they can divide their income in two parts.

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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The income from inherited property,wills, gifts is accounted under HUF (with a separate PAN card) and since it is not summed with individual’s income, it warrants a lower payable tax.

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What’s interesting is that, HUF is based on H!ndu law, which does not govern other families allowed to avail benefits of HUF, i.e Sikhs, Buddhists and Jains.

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#AntiMuslimAAP #KejRSSwal

A thread

After 10 yrs of being in opposition and failure to bring down the UPA govt, RSS & it's political outfit BJP had 2 come up wid a plan to propel anti incumbency towards UPA and make it all seem like a revolution which was ignited by the masses

In came, Anna hazare and Kejriwal with their India against corruption movement (IAC).

AAP’s co-founder and ex-member, Prashant Bhushan admitted that Kejriwal and RSS BJP had propped up the movement.

#AntiMuslimAAP

The trick worked, and in no time Kejriwal would also go on to set up a political party called AAP which would ask for votes on development issues while BJP RSS would continue garnering votes through communal polarization

#AntiMuslimAAP #KejriRSSwal

Surprisingly, Kejriwal formed a 50 day govt in Delhi Assembly along with the same party which he so vociferously opposed during IAC - Congress.

#AntiMuslimAAP

Soon, AAP would go on to form a government on their own without Congress support.

Fast forward to Jan 2020 before elections for the Delhi Assembly.

During the anti CAA NRC protest, AAP maintained a nuetral stance in order to now rile up the maj0rity voters.