Summary NRIs face hardship in resolving property disputes in India while sitting abroad. Most of the NRI property disputes revolve around inheritance, distribution or demarcation of ancestral properties amongst family members. NRIs can enter into a Family Settlement Agreement (FSA) instead of contesting long-drawn litigation battles in the Court. All members must voluntarily enter the […]
Introduction to Transfer DeedAs the title views, this article briefs us about the transfer deed. But why should you read this article? You can answer this question by knowing if you want to transfer any property, movable or immovable, now or in future in India. So, do you want to transfer any property in India? […]
A gift deed is a vital document that needs to be drafted carefully. All mandatory requirements of creating a Gift deed need to be fulfilled to do a valid deed.
The title of a property is an ownership certificate. When we transfer the property from the original owner to someone else, there is a change of ownership. The property gets a new owner, and hence the title needs to be changed. The New owner’s name gets substituted for the ex-owner.The transfer of property involves the […]
The title means ownership. In terms of property, it is a legal right to own. Any deed, i.e., a written document that confirms the ownership is the title deed. It mentions the rights and obligations of the owner.How important is the title deed:It is incredibly crucial to check the property papers before dealing with any […]
Gifts in India are taxable under the Income Tax Act. Gift can be in cash or kind (moveable or immoveable property and other assets specified under the Act). A resident Indian can make a gift to an NRI through a gift deed, but there is a claim on gifts received by NRI.NRIs are taxed for income […]
Gifts transactions are not taxable in the hands of the donor. For a donee, the gift deed transfer is taxable, but there are exceptions. Gifts are prevalent among family members or close relatives. It is one way of expressing love and affection. People also make gifts to save taxes as some of the Gift transactions are […]
A sale deed is one of the significant documents in property transactionsWhat is a sale deed?A sale deed is a legal document that describes the sale of a property between the parties (buyer and seller). It is proof of ownership. It transfers the rights in the property from the seller (transferor) to the buyer (transferee). […]
Settlement deed is a legal document where parties to the deed settle their differences/disputes. The disputes may be related to court cases, property division, payments etc. A settlement deed between brother and sister living abroad may refer to any of these. Generally, a settlement deed between brother and sister is a family settlement deed, and […]