Searched for
LINEAL DESCENDANTS
Informal ‘benami’ investments may now face confiscation; Supreme Court ruling puts family property deals under scannerWhere family arrangements are involved, they must comply with legal conditions, including joint ownership where required. Informal arrangem...- 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...
- In 'family' we trust, as much kith as kinAn appellate ruling restricts income-tax exemptions for family trusts to lineal descendants only, which is seen as limiting. Trusts must ad...
- 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...
- Money & relationships: What are the tax implications if my daughter sends me money from abroad?Is it legally tenable to send parents money from a foreign country? More importantly, will you or they have to bear any kind of financial b...
- Legal heirs of a woman if she dies without willIn most cases, a will ensures that the assets are transferred to the desired beneficiaries, which may not happen if a person dies intestate...
- Sebi grants exemption to family trust linked to Bharat Forge promoter from open offer obligationThe move comes after the applicant -- Babasaheb Kalyani Family Trust -- sought exemption from applicability of SAST (Substantial Acquisitio...
- Sebi exempts Motilal Oswal Family Trust from open offer requirementOswal proposes to gift all the equity shares held by him in PIMPL to Motilal Oswal Family Trust.
- Lessons from Murugappa: What are your inheritance rights as a woman?Succession and inheritance laws are still grey areas for many women, largely due to the lack of uniformity.
- My brother died intestate. Does his wife get a share in the property?If the husband has left behind both a widow and lineal descendants, the wife will get one-third the share in his estate while two-thirds wi...
- Succession Act 'unfair' to Christian women, amend it: Law CommissionThe recommendations come against the backdrop of a number of representations from various Christian organisations inviting govt's attention.
- Formation of HUF for tax benefit: All you want to knowAn HUF is automatically constituted after marriage. It can also be formed by partition of an existing HUF into multiple units.
- Smart things to know about tax treatment for giftsA gift is a voluntary transfer of an asset’s ownership to an individual without full monetary consideration. Are gifts taxable?
- Tough callsAs Gurcharan Das writes in his Difficulty of Being Good, the epic's question- why Dharma is not pursued- is a rhetorical one... (from) our ...
- Bill for stricter control over benami transactionsA comprehensive bill to have stricter control over benami transactions was introduced in the Lok Sabha today.
- New Benami law to allow property in spouse, siblings' nameThe Cabinet approved a proposal to bring Benami Transactions (Prohibition) Bill 2011, replacing Benami Transactions (Prohibition) Act, 1988...
- Banks asked to close 15-yr old PPF a/c of HUFsThe HUFs henceforth will not be allowed keep their accounts functional for the extended period of five years after completion of 15 years.
- Gift you must, but know the tax implications too
- Gifts worth over Rs 50,000 to attract tax nowThe tax department has willy-nilly become a party-pooper bang in the middle of India’s month-long festive season, characterised by indulgen...
- I-T exemption limit raised to Rs 1 lakhThe government on Thursday raised the income tax exemption limit to Rs 1 lakh while imposing a two per cent education cess on taxable incom...
Load More
