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Tuesday, April 27, 2021

Samsung's Lee family to pay $10.78 billion in inheritance taxes

The family of deceased Samsung Electronics chairman Lee Kun-hee said on Wednesday it will pay more than 12 trillion won ($10.78 billion) in inheritance taxes for the estate of the late patriarch.

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CBDT: Can’t claim deductions for settlement under 4 laws

The income tax department has announced that taxpayers cannot claim deductions for expenses related to settling legal proceedings under four...