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ANCESTRAL LAND SALE
Not all family properties are ancestral: Son has no birthright in father’s self-acquired assetsA recent court ruling clarifies property rights. A son does not automatically inherit a father's self-acquired property. Birthrights only a...
Can a mother cut a son out of her Will? Kerala HC backs mother who inherited 46 cents of land from her husband and denied son a shareFather had got 46 cents of land from family partition; he gifted the land to wife; wife registers a Will excluding one son from getting a s...
Can a Karta sell joint family property to one relative? Here’s what the law allowsThe Supreme Court upheld a Madras High Court ruling stating a Karta cannot transfer joint family property to one member without genuine nec...
Got property on basis of GPA or Agreement to Sell? Here’s how to regularise title before you risk losing itA recent Delhi High Court ruling highlights the critical need for registered title deeds in property disputes. Mr Bhatia lost his ancestral...
HUF land dispute reaches Supreme Court: One brother gets 5/16th share, other retains self-acquired propertiesThe Supreme Court has settled a family land dispute between two brothers, awarding one a 5/16th share in ancestral HUF properties. The cour...
Wife, son can’t object to sale of 1.7 hectare land inherited by husband as it is not a joint family property, rules Bombay High CourtThe Bombay High Court ruled that land inherited by a son from his father after 1956 is his self-acquired property, not ancestral. This gran...
Sold land for Rs 5 crore, bought new land in wife’s name, paid no capital gains tax, got tax notice; Why ITAT Delhi denied tax exemptionA man who sold agricultural land for Rs 5 crore and reinvested the gains into a new plot in his wife's name was denied capital gains tax ex...
Married daughter not to get share in father's 4 acre ancestral land in this case, rules High Court; know how it impacts family successionThe Chhattisgarh High Court ruled that a married daughter is not entitled to a share in her father's ancestral land if he died before 1956....
Ancestral land sale: Tax department issues notice over Rs 8 crore share, taxpayer wins case in ITAT Delhi; here's what happenedA man received Rs 8 crore from the sale of ancestral land, but the tax department issued a notice for tax evasion. The Income Tax Appellate...
Is mutation of property sufficient to ensure smooth transfer to my son after my death?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. Is mut...
Uncle sold their grandfather’s 2 acre land without giving them a share, sister’s children files case, loses in Kerala High Court because of Hindu Law of SuccessionA sister's children claimed rights to their grandfather's land sold by their uncle. The Kerala High Court ruled against them. The court fou...
Father and son jointly sell ancestral land for Rs 13 crore; father gets tax notice; they file appeal in ITAT Pune and win caseA father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT Pune ruled in ...
Father sold family land for daughter’s marriage; first son alleged father was alcoholic and filed a case but lost in Supreme Court due to this reasonThe Supreme Court addressed the sale of HUF land by its Karta, Sharanappa, challenged by his first son. The court overturned the High Court...
He sold ancestral land for Rs 1 crore but in ITR showed only Rs 2.45 lakh income; Wins case in ITAT Chennai due to this reasonMr. Natesan sold ancestral land for Rs 1 crore, investing Rs 82 lakh in a house and declaring Rs 2.45 lakh income. Initially facing a tax d...
Nagaland CM writes to Union External Affairs Minister to stop proposed auction of Naga human remains in the UKNagaland Chief Minister Neiphiu Rio has urged Indian External Affairs Minister S Jaishankar to intervene in the proposed auction of Naga hu...
Sale of ancestral property: Can daughters and her descendants make rightful claims?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
How to transfer money received by a nominee to legal heirsReaders' estate planning queries answered by Raj Lakhotia, Founder, Dilsewill.