Property rights of a Hindu woman can be divided into two distinct time phases — before and after 2005. This guide will help you understand what the property rights of a Hindu daughter were … READ FULL STORY
Women can be the Karta of a Hindu Undivided Family (HUF), the Delhi High Court has ruled. While upholding a 2016 order of a single-judge Bench, the two-judge Bench of Justice Sunil Kumar Kait … READ FULL STORY
The formation of a Hindu Undivided Family or an HUF is quite common in India for income tax-saving purposes. This guide will help you understand the concept of HUF, how it helps you save … READ FULL STORY
According to the Merriam-Webster Dictionary, the term coparcener, which has been in use since the 15th century, stands for a joint heir. The Collins Dictionary also defines coparcener as a noun to denote a … READ FULL STORY
Under the Indian succession laws, a Hindu Undivided Family (HUF) consists of coparceners and members. The eldest coparcener of the HUF is the Karta of that family, who acts as the head and is … READ FULL STORY
After changes were made to the original law applicable to Hindus in 2005, daughters were given the same right into their parents’ property as sons.  Just like their brothers, daughters have also been provided … 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
Hindu Undivided Family (HUF) is a term one hears all the time in legal-financial contexts. Even though you may have some idea of what it means, chances are several complex legal points may have … READ FULL STORY
Standing for Hindu Undivided Family, HUF can be utilised as an effective tax-saving instrument to lower taxes via careful tax planning. Given that joint families are common in Indian culture and that an individual’s … 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
The Law Commission issued a consultation paper on the ‘Reform of Family Laws’, on August 31, 2018. In it, the Law Commission has recommended for the abolition of the Hindu Undivided Family (HUF) as … READ FULL STORY
Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer … READ FULL STORY
