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...
02 Sep, 2026, 06.14 AM IST
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 ...
29 Aug, 2026, 11.55 AM IST
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...
20 Aug, 2026, 01.30 PM IST
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
18 Aug, 2026, 08.33 AM IST
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...
12 Aug, 2026, 11.00 AM IST
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...
11 Aug, 2026, 12.27 PM IST
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 ...
05 Aug, 2026, 04.29 PM IST
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...
04 Aug, 2026, 12.12 PM IST
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...
30 Jul, 2026, 02.29 PM IST
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...
25 Jul, 2026, 07.55 AM IST
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...
23 Jul, 2026, 03.33 PM IST
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 ...
16 Jul, 2026, 03.33 PM IST
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...
04 Apr, 2025, 10.40 AM IST
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...
10 Mar, 2025, 06.30 AM IST
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...
12 Aug, 2024, 06.30 AM IST
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...
19 Aug, 2022, 09.19 AM IST
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 ...
25 Sep, 2021, 10.45 AM IST