HYDERABAD: According to law, once a donor divests his right in a scheduled property by executing a gift settlement deed in favour of his family members or others, he cannot unilaterally execute a deed ...
The tribunal set up under the Maintenance and Welfare of Parents and Senior Citizens (MWPSC) Act, 2007, will not get jurisdiction to annul the gift deed if the deed does not contain the condition that ...
In the case, the court found the gift was absolute with no right reserved for its revocation in any contingency. In the absence of any clause in the gift deed authorising revocation, it could not have ...
We are assuming that you are governed by provisions of Hindu laws, and that after the demise of your father the property has been jointly inherited by you and your siblings. To answer the first query, ...
In 2017, when 71-year-old Mandar Bhosle of Mumbai gifted his immovable property to his children out of love, he had not imagined becoming homeless. A year after gifting the house, his son asked Bhosle ...
A Gift Deed is a legal instrument executed to document a valid transfer of immovable property in form of a gift as per the provisions of the law. A Gift Deed is a proof of the transfer of all the ...
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.' 'One common dilemma faced by parents is whether to gift their assets to children ...
Gift deed in India facilitates secure asset transfer with legal recognition. Registration under Transfer of Property Act is vital. Donor's intent and recipient's signature are essential. Consider tax ...
It is advisable that your father-in-law liaises with the local embassy to ascertain the process of executing such power of attorney.(Photo: iStock) I have a query regarding a gift deed. My ...
In this weekly series, Dr Suresh Surana, Founder, RSM India, a tax consultancy firm, explains the taxation of various kinds of gifts shared through Gift Deeds. A Gift deed would refer to a legal ...
Lucknow: In a major relief to residents of UP, the state govt on Tuesday allowed the transfer of commercial and industrial ...