A gift letter is a document you submit as part of a loan application if you plan to use gifted money or equity for some or ...

Mutation refers to the process of updating property records to reflect a change in ownership, which usually happens after a ...

IndexIntroductionBackground of the CaseWhat the Trial Court and Appellate Court DecidedHigh Court’s Reasoning and ...

Supreme Court: A sister had to fight in multiple courts over a period of about 30 years with her brother for possession of their late father's property. This property which was gifted by her ...

The Supreme Court held that when a property transfer involves considerations such as love and affection while the donor retains a life interest, it qualifies as a settlement deed in the form of a ...

“But no actual transfer of shares took place as no share transfer forms were executed by me and my wife and the gift deed executed in favour of Vijayalakshmi was a mere manifestation of the ...

No way to declare exempt gift in ITR Under the Income Tax Act, gifts received from specified relatives—such as parents, siblings, or spouses—are fully exempt from tax, irrespective of their value.

The Supreme Court has said that it is not always necessary that settlement deed among the family members would always be out of some monetary consideration as it can be in some other forms as well. A ...

The Supreme Court observed that a gift deed could not be revoked ordinarily, especially when no right of revocation is reserved in the deed. The judgment also explained the conditions to revoke a ...

A Gift Deed formalizes property transfer without monetary consideration. Learn its legal importance, registration process, and essential elements to avoid disputes.

The significant difference is that a deed of Conveyance can transfer the legal title of the property’s ownership from one individual to another in the form of a mortgage, gift or other real ...