Gifts to relatives, as defined under the Income Tax Act, 1961, are exempt from tax under Section 56(2)(x). Property inherited through a will is also not taxed ...

Telangana High Court overturns gift deed cancellation, emphasizing adherence to statutory schemes and principles of natural justice.

HYDERABAD: The Telangana High Court has set aside the administrative cancellation of a 2018 gift deed executed by an elderly man in favour of his grandson, holding that the authority which ordered the ...

Families often assume a will is the only way to pass property to children, but some parents prefer transferring assets during ...

While a registered gift may seem final, Indian courts are increasingly using maintenance laws to strip away property from ...

The case stems from an April 2018 gift deed, involving a residential property in Kothapet village on the outskirts of Hyderabad.

Telangana High Court has overturned orders that cancelled a gift deed between a grandfather and grandson. The court ruled the ...

Hyderabad: In a significant ruling clarifying the scope of powers under the senior citizens' welfare law, Telangana high ...