November 19, 2018

Tax implications on a gifted property

Tax implications on a gifted property

Gifting a property is a kind gesture, and it is better to be aware of tax implications for gifting a property.We had a case where Mr Bhushan, an NRI was gifted with land situated in India by his father, a resident Indian. He wanted to know: If a land in India can be gifted by […]

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October 16, 2018

Why and where to invest in property in India

Real Estate investment has always been a lucrative option. It still attracts a lot of investors for building on wealth as it promises good returns. Real Estate covers: Housing sector Retail Hospitality Commercial Indian Real Estate sector is also a good option for NRI investors as there is a lot of scope and potential for […]

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October 9, 2018

Importance of registration of rent deed

Importance of registration of rent agreement

Gurdip Kaur, a middle-aged woman, residing in the UK had rented out her house here in Punjab. Last year she approached us due to a dispute between her & her tenant in India. Although she did have her rent agreement duly signed by both the parties and authenticated by independent witnesses, the agreement was not […]

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September 26, 2018

Property rights of the second wife and her children

Property rights of second wife

Property rights of the second wife and her children can be studied and evaluated as rights of the second wife and her children born out of the second wedlock, in the property of their father.Polygamy was recognised and acceptable among Hindus in ancient times. In modern India, we have a law in place, Hindu Marriage […]

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September 20, 2018

Can you sell your share of an Inherited Property?

Can you sell your share of an Inherited Property

The question of selling a share in an inherited property arises when you inherit a property jointly with others. There is joint ownership, and there are co-owners. To determine the share of each co-owner, we need a partition deed.After the amendment in the year 2005, in Hindu Succession Act, 1956 the interest of deceased Hindu, […]

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September 10, 2018

Section 377 verdict- Victory long-awaited

Section 377 verdict- Victory long-awaited

The world is changing for sure – Law is a reflection of what happens in Society and what is needed too. Therefore it will always change when society is transforming. One of the most striking examples of this has been the abolishing of major aspects of Section 377 of India Penal Code, a Colonial period […]

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