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PROPERTY TRANSFER RULES
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...- Great Smoky Mountains National Park: In 1929, farmer said no to an offer for his 375-acre farm. Years later he lost the case and the landIn 1929, Tennessee farmer John W. Oliver refused to sell his 375-acre Cades Cove farm for $20 an acre to make way for Great Smoky Mountains...
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
- NRI can’t sell Indian property before October 1, 2026 if buyer does not have TAN; Know how to apply for TAN onlineThe TDS rulesfor NRIs say that there isno thresholdlimit for TDS deduction, whereas resident Indians get a threshold limit of Rs 50 lakh be...
- NBFCs: How you own them matters more than which you own; 19 NBFC stocks with upside potential ranging from 1% to 31%Like much of the Indian market, valuations in this sector are also not cheap. And when you pay a full price for a sector, the risk of getti...
- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- 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...
- Scientists discover how a one-atom quantum engine can turn ‘waste’ light into useful energyResearchers are developing new ways to understand energy in tiny quantum machines. They argue that escaping light may still perform useful ...
- Man constructs a house before selling his old property and claims income tax exemption under Section 54; Income Tax Department sends notice; he wins case in ITAT DelhiConstructs house for Rs 47 lakh in Tilak Nagar, sells old property in Paschim Viharfor Rs 53 lakh, pays no tax, tax dept sent notice, man w...
- Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
- SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...
- 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
- Apartment owners can't stop residents of another housing society from using common amenities if sale deed allows it, rules Karnataka HCApartment owners have no exclusive rights over common amenities if they signed sale deed containing a clause giving consent to sharing them...
- 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 ...
- Inherited mother's land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption relying on a 1983 CBDT circular; Know whySon inherited 50% of mother’s land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore cl...
- In 1976, USACE made a landmark decision to block development that threatened Marco Island's mangrove wetlands. 6 years later, Deltona handed Florida 15,000 acres of habitat and received 160 acres of industrial land in returnIn 1976, the U.S. Army Corps of Engineers (USACE) refused to approve a major dredge-and-fill project proposed by the Deltona Corporation on...
- In 1929, a Tennessee farmer refuses to sell his 375-acre farm for Great Smoky Mountains National Park for $20 an acre. After years in court, he lost the farm but got more than double the amountDespite his refusal to sell, John W. Oliver's fight against the government's eminent domain claim for his cherished farm lasted years. Ulti...
- 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...
- Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
- 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...
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