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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August 9, 2018

Details of Gift Deed Creation and procedure in Punjab

Gift Deed Creation and procedure in Punjab

Gift of property is made without any monetary consideration. It is generally made to relatives out of love and affection. It is a transfer of ownership in property from one person to another.In the recent past, during an interaction with a native from Punjab who was settled in the UK, we realised the complexities that […]

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