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DEED OF FAMILY SETTLEMENT
The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...- Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
- Inherited property via Will? Do you need mutation in your name - here’s what law saysInheriting property via Will? While mutation records update who pays taxes, they don't transfer ownership. Courts permit mutation for heirs...
- Man added his name to ancestral land records using common surname trick; Karnataka HC restores land to original ownersThe Karnataka High Court restored ancestral land to three brothers after an outsider, Basappa, falsely mutated his name using a common surn...
- No new Khata for revenue land acquired through partition deed in Bengaluru? Expert explains the available optionsBengaluru property owners face a new hurdle. The city's e-Khata portal does not allow new Khata creation for revenue land acquired through ...
- Delhi High Court quashes Samir Modi's assault complaint against motherThe Delhi High Court has dismissed a criminal complaint. Samir Modi withdrew his case against his mother, Bina Modi. This followed a settle...
- Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
- Disinherited in a Will? A settlement deed can still give son or daughter rights over propertyA Kerala High Court ruling clarifies that a settlement deed holds legal power over a Will. Even if children are excluded from family proper...
- Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planningWhether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can signifi...
- Joint mutual will alert: Surviving spouse can’t change beneficiaries after partner’s death - what parents must knowDaughters secured an inheritance in Kerala despite their parents' Will. The High Court ruled in their favour, granting them a share of the ...
- Tata Trusts row deepens as vice-chairmen allege concealment, forced resignationTata Trusts is in the spotlight as CEO Siddharth Sharma demands the resignation of vice-chairmen Venu Srinivasan and Vijay Singh. The two m...
- Don’t let property turn into a legal battle: Essential steps heirs should take after owner’s deathManaging property after an owner's death requires a structured approach, starting with checking for a Will or identifying legal heirs. Upda...
- Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT DelhiThe Income Tax Appellate Tribunal (ITAT) Delhi ruled that property received through a Hindu family settlement is not a taxable gift. The tr...
- Want to transfer your assets? Here are 5 tools for a smooth inheritance
- Gift deed Vs Will: Sister to get late father’s property after 30-year-fight with brother, rules Supreme CourtSupreme Court: A sister had to fight in multiple courts over a period of about 30 years with her brother for possession of their late fathe...
- Kirloskar companies to fight in court SEBI's disclosure order on family deed settlementFour Kirloskar companies, including Kirloskar Ferrous Industries and Kirloskar Oil Engines, are set to legally challenge SEBI's directive t...
- Business families seek legal advice to amend tightly written deeds of family settlement amid global expansion plansBusiness families, particularly in India, are increasingly seeking legal counsel to amend rigid Deeds of Family Settlement (DFS) originally...
- Feuding Kirloskars will have to disclose Deed of Family Settlement, Sebi tells Supreme CourtSEBI informed the Supreme Court that Kirloskar Oil and Engines (KOEL) and Kirloskar Brothers (KBL) must disclose their 2009 Deed of Family ...
- Kirloskar Bros discloses family settlement deedKirloskar Brothers has become the first company to disclose its promoters' entire ‘deed for family settlement’ (DFS) according to new regul...
- Sanjay Kirloskar's Rs 750-crore claim gives fresh twist to bitter family feudSanjay Kirloskar has accused his family members of mala fide intent and going against the family settlement deed.
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