The name makes it obvious to a discerning buyer. While a sale deed is executed to formalize property sale, a gift deed is executed if the same property has to be gifted. However, a … READ FULL STORY
Parents gifting their property to their children in expectation of maintenance in their old age should make this condition part of the gift deed, the Supreme Court (SC) has ruled. In case a condition … READ FULL STORY
While property owners are free to gift their property to anyone they like, the same is not true for ancestral property. In the case of an undivided ancestral property, the ownership is shared and … READ FULL STORY
Just like anyone who owns property in India, non-resident Indians, too, are free to give their property to others. Like Indian citizens, they will be liable to pay stamp duty and registration charges to … READ FULL STORY
Transfer of property by way of gift If you wish to transfer a property, so as to make the donee enjoy the property immediately, this can be done by way of a gift. You … READ FULL STORY
Laws governing property ownership by non-residents in India are not only different from the laws governing residents, they are also quite complicated. Even though there is a wide range of assets that NRIs can own … READ FULL STORY
Property owners have the option to grant co-ownership of their houses, flats, apartments and land parcels, at any point in their lives. Even though the reasons for such a step might be different in … READ FULL STORY
