Gifts to relatives, as defined under the Income Tax Act, 1961, are exempt from tax under Section 56(2)(x). Property inherited through a will is also not taxed ...

Families often assume a will is the only way to pass property to children, but some parents prefer transferring assets during ...

After about 30 years of legal disputes, a sister has recently won a case before the Supreme Court of India (SC) against her brother regarding the ownership of their father’s property, who passed away ...

While a registered gift may seem final, Indian courts are increasingly using maintenance laws to strip away property from ...

Telangana High Court overturns gift deed cancellation, emphasizing adherence to statutory schemes and principles of natural justice.

The case stems from an April 2018 gift deed, involving a residential property in Kothapet village on the outskirts of Hyderabad.

Hyderabad: In a significant ruling clarifying the scope of powers under the senior citizens' welfare law, Telangana high ...