Laws of succession in India are highly complex. This guide tries to simplify the laws surrounding property inheritance in India by answering some oft-repeated question about ancestral property. We also quote the latest court … READ FULL STORY
A property in which you have a right since birth and which you inherit from your parents and other family members is known as ancestral property. This guide will explain the nitty-gritty of this … READ FULL STORY
An ancestral property is that which an owner receives through succession from his family. In case of Hindus, a property’s property inherited from their father, their grand-father and their great grandfather qualifies as an … READ FULL STORY
After changes were made in the Hindu Succession Act in 2005, daughters in India have been given equal rights in ancestral property of their parents along with the sons. With the amendment, daughters were … READ FULL STORY
If a member of a Hindu Undivided Family (HUF) puts their self-acquired property into the common pot, giving up their individual claim, it becomes a joint property, the Karnataka High Court (HC) has ruled. … READ FULL STORY
A person has two ways to own property – creation or inheritance. Inherited property is known as ancestral property while created property, using one’s own funds, is known as self-acquired property. What is self-acquired … READ FULL STORY
An ancestral property received by a Hindu woman through a registered partition deed will not qualify as inheritance under the Hindu Succession Act, the Karnataka High Court has ruled. Consequently, such a property will … READ FULL STORY
The largest number of disputes pending with the judiciary in India pertains to property. That is why having a clear understanding of your rights and obligations about immovable property is of supreme importance. It … READ FULL STORY
Under the Indian laws, the assets earned by a Hindu or inherited from anyone except his father, grandfather or great-grandfather, are treated as personal assets. As far as personal assets are concerned, you are … READ FULL STORY
Passing on the assets of a person after his/her death, involves several critical issues, especially if it involves the inheritance of property. Therefore, it is important to understand the various inheritance laws, to avoid … READ FULL STORY
Many home buyers are often confused when it comes to understanding the applicability of long-term capital gains (LTCG) tax, when they sell a property. Let us check out five important things related to LTCG … READ FULL STORY
A marriage of a Hindu woman with a Muslim man is not ‘regular or valid’ but the child born out of such wedlock is legitimate, the Supreme Court has held, on January 22, 2019. … READ FULL STORY
Investing in a property, is one of the most important decisions taken by a family. In the past few years, there has been a paradigm shift, in home buying patterns in India. From viewing, … READ FULL STORY
