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Karta uses personal funds and ancestral income to buy property: Who owns it? Here’s what the law saysA recent Supreme Court ruling clarifies that properties acquired by a Karta using both personal and ancestral income are presumed joint fam...- 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...
- Woman denied family property for marrying outside caste; HC rules daughter has same rights as sonsGujarat courts have affirmed daughters' inheritance rights, ruling they cannot be denied property shares due to marrying outside their cast...
- Maternal grandchildren have no birthright in ancestral property: Bombay HC clarifies Hindu Succession Act scopeIn the Vishwambhar v. Sow Sunanda case, the Bombay High Court ruled that the granddaughter who sought a partition of and claimed a share in...
- Granddaughter can’t claim a share in maternal grandfather’s property in this condition, rules Bombay High CourtIn a significant ruling, the Bombay High Court has denied a granddaughter's claim to her maternal grandfather's ancestral property, clarify...
- Hiremath siblings offer olive branch to Baba KalyaniThe dispute between the Hiremath siblings and their uncle Baba Kalyani, chairman of Bharat Forge, intensifies as both parties debate inheri...
- Uttarakhand Uniform Civil Code likely next weekAn expert panel, which is due to submit its report and the draft Bill to the state government, is learnt to have reworked its earlier propo...
- What is the process of dissolving an HUF (Hindu Undivided Family)?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 set up an HUFAs the word Hindu in HUF implies, it is connected with one being a Hindu. Only a Hindu can have an HUF. For this purpose, in addition to a ...
- I take care of my ill father without any help from my brother. Can he stake claim to my father’s property?Readers' estate planning queries answered.
- Can a disowned son claim his right in father’s property?Any property that is acquired by a person himself, either by way of his own resources or by way of division of the ancestral property, is h...
- Can woman be the karta of an HUF?An HUF has coparceners who are born into the family and members who become part of the HUF through marriage.
- Does streedhan include gifts, expensive appliances? What is husband's right over streedhan?Streedhan includes all types of gifts, ornaments, cash, movable or immovable property that a woman receives from friends or family before a...
- Inheritance rights of women in own, husband's ancestral property, coparcenary propertyA widow's share in the joint family property of the deceased husband is only up to the share that would have come to him out of that family...
- Daughters have equal coparcenary rights in joint Hindu family property: Supreme CourtA three-judge bench of Justices Arun Mishra, S Nazeer and M R Shah said the provisions contained in substituted Section 6 of the Hindu Succ...
- How an HUF can invest in mutual fundsThe karta of the HUF is required to fill up the non individual KYC form and complete KYC formalities with the registration agency (KRA).
- Women born before 2005 too have right to ancestral assets: Supreme CourtAgreeing with their plea, the SC set aside the HC order and said the year of birth was not a criterion to decide whether a woman was covere...
- MF investments: What to do when there is a change of karta in an Hindu Undivided FamilyA letter requesting a change of karta needs to be sent to the concerned asset management company.
- Benami deals in name of wife, kids to be legitimisedUnion Cabinet on Thursday approved the replacement of the existing Benami Transactions (Prohibition) Act 1988 with a new law, Benami transa...
- How to use HUF for as a tax planning toolThe Hindu Undivided Family structure is a great tax planning tool that can divide your tax liability and multiply the benefits. Find out ho...
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