‘People can only have a long-term plan if they know their private property is secure’. Throughout life, we acquire property in the form of houses, real estate, vehicles and savings accounts. Deciding how to divide assets between loved ones after your passing can be a confusing task. The use of wills and deeds of transfer […]
Relinquishment; as flamboyant the word in itself, as is its concept under law. Relinquishment or Haq-Tyag as it is known in some parts of Rajasthan and Uttar Pradesh refers to Transfer of an Inherited Property by One Co- Owner in Favour of another. Such an abandonment or surrender of Rights over a Property Inherited or […]
Meaning of ancestral property in India-An ancestral property means a property which is devolved upon heirs by the 3 generations above them; father, father’s father or father’s fathers’ father. It passes to the next three generations.Meaning of will-A will means a document in which a person specifies the method to be applied in management and […]
Pakistan, Bangladesh, Sri Lanka, Turkey, Cyprus, Syria, Jordan, Egypt, Tunisia, Algeria, Iran, Iraq, Malaysia, Brunei, UAE, Indonesia and Iraq, apart from being countries with major Muslim population the only other thing common among these countries is the fact that all of them have banned talaq-e-biddat (triple talaq) in their countries.Finally, on 22.08.2017, India too can be […]
If one browses through the latest headlines about the now month-long border stand-off between India and China, he/she might think the Asian rivals are teetering on the brink of an armed conflict.The rhetoric is full of foreboding and menace. A Delhi newspaper says China is warning that the stand-off “could escalate into full-scale conflict”. Another […]
No matter however ancient is the concept of will or vasiyaat in India, it is still practiced only among the more gentry class of the country. Will is basically a legal declaration by a man with respect to inheritance of his self acquired property. But for several reasons like lack of awareness, complex family structure […]
A unique alphanumeric identity which is allotted to each taxpayer is the Permanent Account Number (PAN). It is a 10 digit no. which is provided by the Central Board of Direct Taxes. Presently it is one of the most important documents which acts as financial identity proof for each of monetary transactions. Whether you have […]
‘Divorce- a resumption of diplomatic relations and rectification of boundaries’-. Bierce. The most sacred institution which binds persons for a lifetime together is self-destroyed by these two persons. It is an abrupt stop and legal way to end a relationship. The financial trauma of this is excruciating.The contemporary trend is marriage of a Indian brides […]
NRIs when visiting their India often face hurdles when they decide to go out and explore on their own. Driving a Vehicle by a Foreigner or NRI without a Valid Indian Driving License is similar to driving with no license at all and is an offence punishable with Fine.Short Time VisitorsIndia being a signatory of […]