In a Court of Law, Can Gift Deeds Be Challenged?

Introduction A gift agreement must be documented with the sub-registrar in accordance with the Registration Act, 1908. Non-compliance with this rule renders transfers null and void. Transferring by gift certificate A gift is when one gives away something without expecting anything in return, whether it’s mobile or immovable. Ownership should be transferred from the giver to the recipient through documentation of the gift. According to Indian Registration, the gift deed must be registered with a sub-registrar. In a gift deed, the donor and the recipient are referred to as the transferor and donee, respectively. To be considered genuine, a gift […]

Wills or Gift Deeds: Which is Better?

Introduction A Will or a gift during your lifetime are both ways to transfer your assets to anyone, including your children. It is true that both modes have advantages and disadvantages. The purpose of this article is to help you decide which option is best for you. There is no restriction on the transfer of assets by anyone who has the legal capacity to do so.s to anyone else. In order to enter into a contract, a minor, a person of unsound mind, or an involuntary bankruptcy insolvent must be of sound mind. During the course of the person giving […]

Cash Gift Deed in India

Introduction Cash gift deeds are agreements that allow the person paying the money to send money to the donee without any other exchange or consideration. In this case, it represents a sum of money that was voluntarily transferred from one person to another. As well as the amount to be transferred, the act specifies the terms of the gift. We will discuss why it is important to keep a gift deed when gifting cash in this article. Gift deeds are important for gifting cash  Especially when giving a large sum of money, a gift deed for cash is an essential […]

The Ultimate Guide to Gifting Property to Blood Relatives

Introduction Section 122 of the Transfer of Property Act, which was enacted in 1882, clearly defines the term ‘gift’. In the spirit of voluntary donation, any property, whether moveable or immovable, can be given as a gift to a known person. The beneficiary accepts the gift himself or someone who inherits the property on his behalf. In accordance with the TPA, a gift can consist of mortgages, land, actionable claims, or valuable goods. After compliance with the Transfer of Property law, actionable claims, such as insurance policies, shares, bonds, etc., can be donated through gift deeds. An ideal gift should […]

Gift Deeds in India: Who Is Eligible?

Introduction A Gift Deed can be used to give a gift to a colleague, close relative, or charitable organization. Implementing this documentation can prevent inheritance disputes. Whenever two people agree to share property without exchanging money, a legal document called a Gift Deed outlines how the property will be divided. According to Section 17 of the Registration Act, 1908, the landowner must register the facility with the sub-registrar before transferring it to another person or organization; however, the gift must be received while the donor is still alive. A Gift Deed usually includes information about both the assignor and the […]

Things We Should Know Before Finalizing a Property

What You Should Know For Property Purchase? You have to provide lots of information. When you register your property online, you’ll have to provide lots of information about it, including the address, the size of the property, the type of construction and the number of bedrooms and bathrooms. You’ll also have to provide your contact details so that people interested in buying your property can get in touch with you. It’s a good idea to wait until you have a serious buyer before you go ahead and list your property online. If you don’t have a serious buyer for your […]

In 2022-2023, How Do Salaried Employees File Their Income Tax Returns Online?

The filing of income tax returns is compulsory for salaried employees in India regardless of whether they owe taxes. It provides you with access to a range of financial products, including loans. Those who fail to file their income tax returns by the 31 July 2022 deadline will be subject to penalties or late fees based on the date the returns were filed. The salaried person is employed by a public or private company and receives a monthly salary as compensation. If you are new to filing income tax returns online, you need to know that it is an extremely […]

A Step-By-Step Guide to E-filing Your Income Tax Return Online

Every year, income tax returns are a mandatory exercise for salaried employees, business owners, freelancers, and start-ups alike. Until recently, the process of filing an Income Tax Return was a tedious one. But with the introduction of the online option, things were much easier. It is now possible to file an ITR from your home or office without standing in long lines. With this useful income tax app, you can even file returns while you are on the go. We provide complete instructions on e-filing income tax returns here. Check your eligibility before you begin: What Are the Requirements for […]

How Do I Claim a Deduction Under Section 80C to 80U of Income Tax?

In some cases, taxpayers are not required to file an ITR. There are a number of variables that affect whether or not an ITR must be filed. These variables include the following: Individuals whose income exceeds the exemption limit of 2.5 lakhs/ 3 lakhs/ 5 lakhs as per applicable taxable limits. The ITR must be filed by individuals who own assets outside of India and receive income from them. Tax returns are required for individuals who pay more than Rs. 1 lakh in electricity bills each year. It is mandatory for assesses who deposit more than one crore in a […]

Who Can Obtain a Trademark

The protection of distinctive names, slogans, and coined words belonging to a person or company is frequently achieved through trademark registrations. Thus, anyone can register a trademark, including private individuals, companies, and nonprofit organizations. However, there are distinct standards for each category of people or entities when submitting a trademark application. We examine some of the prerequisites for submitting a trademark application based on the applicant type in this post. An Individual (Person) A person who is not currently engaged in business is also qualified to submit a trademark application and get registration for a phrase or symbol that they […]