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GIFT DEED CONDITIONS
Court evicts son from flat for neglecting parents: Can he still claim inheritance rights?Does the son have any inheritance right over parents property if he failed to take care of parents and court orders eviction? Know what law...- Parents win back their flat gifted to son as tribunal finds son failed to take care of parents; Bombay HC orders son to vacate the propertySon promised to care for elderly parents after receiving their Mumbai flat as gift; however, he failed to do so; Bombay High Court cancels ...
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...
- Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...
- In 1930, former Maine governor Percival Baxter began buying land around Mount Katahdin; 32 years later, he had donated about 201,000 acres and left millions to keep them wildPercival Baxter, a wealthy Mainer, dedicated his life to protecting Mount Katahdin. He spent his inheritance buying and donating land for c...
- 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...
- Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
- Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him reliefA husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading...
- Senior citizen can cancel property gift deed given to daughter-in-law for failing to provide care, rules Delhi High CourtDelhi High Court has ruled in favour of Smt Daljit Kaur, an 88-year-old senior citizen. The court upheld the cancellation of a gift deed sh...
- 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...
- HC hands senior citizens big power, allows parents to cancel gift deed if children fail to take care of themSenior citizens have the right to cancel deeds given to their relatives if care obligations are unmet, as ruled by the Madras High Court. T...
- 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...
- Maintenance against property must be written in gift deed: Supreme CourtA bench of Justices Sanjay K Kaul and A S Oka gave this practical advice on Tuesday to senior citizens, who generally gift self-earned prop...
- Can a property transferred via gift deed be taken back by the giver?If an individual wants to transfer his assets such as property, gold, shares etc. in his lifetime, then it can be done via gift deed. Howev...
- What are the rights of senior citizens to safeguard their property, other assets?Parents often concede and transfer ownership of the property to their children to avoid inheritance disputes. However, once parents become ...
- 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...
- Will vs gift vs family trust: What's the best way to give assets to heirs?This article looks at transferring of assets to legal heirs via three routes: a will, a gift deed, and a private family trust. The article ...
- Can a registered, conditional gift deed be treated as a will?A conditional gift deed and a will are completely different documents having distinct features and purposes.
- If ill-treated, elderly parents can take back property gifted to son, rules Bombay HCThe Maintenance and Welfare of Parents and Senior Citizens Act protects the elderly who have signed away their property and are then left d...
- Registered deed must for gift of propertyA gift is a transfer of property without any element of consideration.
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