The Income Tax Act 1961 includes Section 27 that mentions deemed ownership in case of property transfer to a spouse and the tax obligations. The section aims to assess an individual’s tax obligation even … READ FULL STORY
February 9, 2024: The West Bengal state government provides a relief on stamp duty on transfer of property within a family through gift deeds. “To provide relief within property transfers within family, I am … READ FULL STORY
Upon the death of an individual, his/her legal heirs have the right to inherit the property if the person has died intestate (without leaving a will). The title transfer is one of the many … READ FULL STORY
Immovable property is a transferable asset. This means that the owner of a flat, independent house, bungalow, land parcel or plot is free to transfer his ownership to another person. The giving away of … 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
