May 17, 2025

Property Transfer to NRI Children: Rules, Guidelines, Inheritance Laws, and Tax Implications

Property Transfer to NRI Children Rules, Guidelines, Inheritance Laws, and Tax Implications

In an increasingly globalized world, many Indians have settled abroad along with their children, leaving behind their land. Such land not only carries emotional connections and memories but also has significant monetary values attached to it.Whereas transferring property to such NRI children involves a number of legal, procedural, and tax aspects.This article tries to present the different facets of property transfer to NRI children, including inheritance laws, modes of transfer, documentation, and taxation.Property Ownership […]

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May 9, 2020

Transfer by Gift deed is not taxable

Transfer by Gift deed is not taxable

Gifts transactions are not taxable in the hands of the donor. For a donee, the gift deed transfer is taxable, but there are exceptions. Gifts are prevalent among family members or close relatives. It is one way of expressing love and affection. People also make gifts to save taxes as some of the Gift transactions are […]

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April 3, 2020

Useful Tips to Transfer a Property

Useful Tips to Transfer a Property

When we transfer a property, one thing we need to ensure is that the act of transfer is complete. The legal formalities are fulfilled, and the rights and interests are transferred as desired.Transfer of property It is an act by which one person transfers the rights and interests in a property to another. There is a […]

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September 27, 2019

Gift Deed- Implications, Interpretations and Information

Gift deed Information, Implications and Interpretations

Can parents take back the property gifted to their children?Let’s skip the mystery and come straight to the point! The answer is – YES Parents can indeed take back the property they have gifted to their children. Remember: All Gift transactions come under the purview of the Transfer of Property Act. Under this law, a valid gift once […]

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March 29, 2019

CAN A GIFT DEED BE CHALLENGED IN INDIA

CAN A GIFT DEED BE CHALLENGED IN INDIA

Yes. A Gift deed being an instrument for transferring the rights in the property can be challenged in India.Gift:                A gift is a gratuitous transfer of property by a donor to a donee voluntarily. Gift Deed:     A legal document describing the transfer of property. A gift deed is an agreement between the two parties […]

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February 20, 2019

How to Make Gift Deed in Gujarat?

How to Make Gift Deed in Gujarat Front

An owner of the property can transfer the same in many ways like Will, Gift or Sale.Among family and friends, the property is usually transferred by way of executing a Gift Deed. The process of Gift deed creation is generally the same in all the States of India. There are certain requirements which are specific to […]

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