Searched for
PROPERTIES BOUGHT BY KARTA
Karta uses personal funds and ancestral income to buy property: Who owns it? Here’s what the law saysA recent Supreme Court ruling clarifies that properties acquired by a Karta using both personal and ancestral income are presumed joint fam...- Karta’s property not treated as HUF asset if he can prove it was acquired from personal income without use of ancestral assetsThe Supreme Court of India has clarified property division rules for Hindu Undivided Families. A Karta's property is considered self-acquir...
- HUF land dispute reaches Supreme Court: One brother gets 5/16th share, other retains self-acquired propertiesThe Supreme Court has settled a family land dispute between two brothers, awarding one a 5/16th share in ancestral HUF properties. The cour...
- Father sold family land for daughter’s marriage; first son alleged father was alcoholic and filed a case but lost in Supreme Court due to this reasonThe Supreme Court addressed the sale of HUF land by its Karta, Sharanappa, challenged by his first son. The court overturned the High Court...
- What is the process of dissolving an HUF (Hindu Undivided Family)?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Inheritance rights of women in own, husband's ancestral property, coparcenary propertyA widow's share in the joint family property of the deceased husband is only up to the share that would have come to him out of that family...
- Hindu-Muslim marriage: Can woman still claim right to her parent's self-acquired property?There is no legal concept of disowning a child, but parents can deprive a child of his share in their self-acquired property through a will.
- Seven ways to earn tax-free incomeHere are the strategies you can employ to reduce your tax liability by making the most of opportunities offered by tax laws.
Load More