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FLAT TRANSFER TO CHILDREN
After my death, can my wife transfer our 2BHK to our son via gift deed without an NOC from our daughter?ET Wealth Reader's Query: I own a 2-BHK flat and my wife is a joint owner. We have two children, who are settled abroad. After my death, th...- In 1889, one invention solved the biggest problem every snow sled had; a flexible piece of steelIn 1889, downhill sledding was a dangerous game. Sleds couldn't steer at all. Riders had to jam a boot into the snow to turn or stop. Quake...
- Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
- How ULIP plans can help you with legacy planningLegacy planning helps Indian families transfer wealth smoothly across generations. Unit Linked Insurance Plans offer life cover and market-...
- Selling Gold? Your tax bill depends on how you own it; ETFs, SGBs, jewellery and digital gold comparedUnlike Gold ETFs, both physical gold and digital gold have longer required holding periods for realizing long-term gains. Additionally, Sov...
- Children can not have birthright to father’s self-acquired property even if he got it via gift, Will, family arrangement or partition in this case; Know what Mitakshara Hindu law saysA recent ruling clarifies children's birthright in inherited property. Mitakshara Hindu law states self-acquired property does not grant au...
- Housing finance stocks: Is the worst of perception over? Time for a relook? 11 HFC stocks with upside potential from a low 6% to 30%As a sector, housing finance has borne the brunt of regulatory changes and various scams at different points of time. It is a sector that h...
- Can a simple drop tell if your battery is dead? Here’s what the bounce test suggestsWhat if a single drop could reveal whether an AA battery is dead? The viral battery bounce test has fascinated millions because it appears ...
- Husband leaves some properties to sister through Will, excluding wife and children; Supreme Court upholds it for this reasonThe Supreme Court has upheld a husband's Will, which disinherited his wife and children from certain properties, favouring his sister. The ...
- Daughter becomes co-owner of family property via oral arrangement; she files tenant eviction case and wins in Supreme CourtA daughter, a co-owner of family property through an oral arrangement, has won a tenant eviction case in the Supreme Court. The court ruled...
- How can I transfer or gift 800 grams of gold to my daughters?ET Wealth Reader's Query: I am a 50-year-old widower. My wife passed away a few years ago. I currently have around 800 grams of gold that b...
- I want my wife to inherit my flat after me, should I execute a gift deed or a will?ET Wealth Reader's Query: I purchased a two-bedroom flat and want the ownership of this flat to pass exclusively to my wife upon my demise....
- I have children from two marriages. How can I distribute my assets without legal disputes in future?I have children from two marriages. I want to ensure that my assets are distributed fairly and without future legal disputes. What legal do...
- Among 3 siblings, my father inherited a flat in Delhi. Being a single child, do I need a registered will for stress-free inheritance?My father owns a flat in Delhi, inherited from my grandfather in the 1980s or 1990s. I’m his only child and he has three siblings. To inher...
- Senior Citizens Act not a tool to nullify valid gift deed, says Bombay high court; check what rights the law guaranteesThe Bombay High Court clarified that the Senior Citizens Act aims to protect elder parents' living arrangements without canceling valid gif...
- My husband died without a will. Can our children contest a property I held jointly with him?Each week, our experts answer readers' queries related to the division of assets, will, succession and more. Here are this week's estate pl...
- What is the tax efficient way to distribute my wealth equally to my children without Will?The shares held jointly can be transferred from the joint demat account to a new demat account in the individual name, appointing both the ...
- Nirav Modi’s wife Ami likely to be named in PNB caseThis is the first time Ami’s name has cropped up in the case. Neither ED nor CBI, which is investigating siphoning of bank funds, has named...
- Panama Leak: Qatari prince comes to rescue of embattled Nawaz SharifThe court is hearing five identical petitions by Imran Khan and others that Sharif's children were listed in Panama papers as having offsho...
- High rentals near airport: Fewer ATCOs ups riskThe high cost of renting, or buying, a flat near the airport has worsened the city's air traffic control's (ATC) manpower problem.
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