Legal Dilemma: Rights of widowed daughter-in-law in coparcenary inheritance — Explained
All the members have the right to be maintained from income and assets of the HUF but do not have any right to ask for a partition of the HUF assets whereas a coparcener has a right to ask for a partition of the corpus of the HUF
Buying property in Australia? Here are income tax compliance you should know before you purchase
Section 194IA requires a buyer to deduct 1% tax if buying property from a resident exceeding ₹50 lakh. Section 195 applies if the seller is a non-resident. Different tax rates apply based on long-term or short-term capital gains. TAN is required for non-resident transactions but not for residents
Joint home loan repaid: Transferring property share to spouse? Know income tax implications
To gift your share of the property to your husband after repaying the joint loan, you need to execute a gift deed, pay stamp duty, and register it. Your husband won't face a tax burden on the gifted share, but any income generated from it will be added to your income annually
My father wants to gift cash to me. Should I pay income tax on money received from my father?
There are no tax implications of the transaction for either you or your daughter as gifts received from specified relatives including parents are not to be treated as income for income tax purposes given the provisions of Sec 56 of the Income Tax Act
‘Life insurance companies should be permitted to sell health plans’
The insurance industry is trying to design a combined product bouquet being offered to rural India
