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GIFT DEED REQUIREMENTS
Is Will registration mandatory? No, but two witnesses are required by lawRegistration of Will is optional but at least two attesting witness in Will is mandatory; Know what the law says. This article explains it ...- Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...
- Robin Morgan, poet and feminist whose allies included Jane Fonda and Gloria Steinem, dies at 85Robin Morgan, the former child star who became a pioneering poet, writer and second-wave feminist activist, has died in New York at 85, her...
- Wife living in London gives POA to family friend to manage his Vadodara property, friend gifts it to son and daughter-in-law; husband files case and wins in Gujarat HCMr Purshotam Ranchhodbhai Pankhania and his late wife living in London trusted their friend and gave him the POA to manage their India prop...
- NRI selling inherited property in India? Agricultural land, farmhouse, and plantation property have stricter sale and repatriation rulesNon-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of ...
- In 1964, Jane Sewall bought the abandoned Maine island she had dreamed of since childhood; 22 years later, she gave it away to keep it wild foreverJane Sewall's childhood dream came true when she purchased Witch Island near South Bristol, Maine. In a generous move, she donated it in tw...
- Sale deed vs gift deed vs Will: Why witnesses matter differently for eachDo you need witnesses for a registered sale deed? Know what determines the validity of a registered sale deed. Know what the law says
- 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...
- How should my NRI children disclose gifts received from relatives in ITR-2?ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax...
- 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 ...
- 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...
- Property seller's family challenged 15-bigha land sale, authorities ordered cancellation of sale deed; Supreme Court restores buyer's right, says registered sale deed can't be discarded for these reasonsInconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer t...
- 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...
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- Income tax on gifts: Received cash, property or shares? You may have to pay tax and report it in your ITR in these casesGifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain values become taxable under specific ...
- 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...
- Gift deed and relinquishment deed in real estate: What’s the difference?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 4...
- Gifting assets to relatives? Types of assets you can gift, tax rules and moreGifting assets to relatives is a way to distribute wealth within the family and ensure financial security for loved ones. Here are some key...
- 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...
- 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 ...
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