The reply to a question raised in the Indian parliament revealed that deposits worth Rs 5,124.98 crores were lying unclaimed for 10 years or more, with scheduled banks. This is a huge amount, considering … READ FULL STORY
‘Capital gains’ is one of the income heads, under the Indian tax laws. Any profit from the sale of a capital asset, is taxed under the head ‘capital gains’. Holding period as the basis … 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
Proper succession planning is very important to ensure that the assets owned by you, including any house property, are properly inherited by the people to whom you want these to be passed on to. … 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
“It is important that regardless of whether the wife – financially or monetarily – contributes to the family income, her contribution to a household in terms of household labour, home management and child-bearing and … READ FULL STORY
Investing in a house is as much an emotional decision, as a financial one. While buying a property, people look at details like the area of the flat, its location and negotiate on the … READ FULL STORY
A Delhi High Court bench of acting chief justice Gita Mittal and justice C Hari Shankar, on December 5, 2017, asked the Ministry of Law and Justice, to examine the issue of alleged discriminatory … READ FULL STORY
Does a woman forfeit her right to her parent’s property, because she converted from Hinduism to Islam? That is the question before a Delhi court, which is hearing a civil suit from a 33-year-old … READ FULL STORY
A Delhi High Court bench of chief justice G Rohini and justice Sangita Dhingra Sehgal, on March 1, 2017, issued a notice to the government and directed it to examine the alleged discriminatory practice … READ FULL STORY
A man cannot claim right over the property inherited by his sister from her husband, as the brother can neither be considered to be her heir, nor her family, the Supreme Court has said. … READ FULL STORY
