Capital Gain on Sale of Gifted or Inherited Properties

A capital asset being shares and securities (listed), unit of UTI (listed/unlisted), unit of equity oriented mutual fund (listed/unlisted), zero coupon bonds (listed/unlisted) is considered as long term capital asset if it is retained for more than 12 months and 24 months in case of unlisted shares and securities and land or building or both and 36 months in […]

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Can Sale Deed Be Executed By Power Of Attorney – Verdict of Supreme Court & Delhi High Court

The concept of POA has been discussed under two laws in India – the Powers of Attorney Act, 1882 and the Indian Stamp Act, 1899. These legislations defined POA as an instrument empowering a specified person to act on behalf of the person executing the transaction. Basically, a person gives another person the legal right […]

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Property Registration in Gujarat – Garvi Portal

The registration of property in Gujarat, governed by the Registration Act, 1908, mandates that transactions involving any immovable property must be registered with the governing body concerned so that a clear and well-defined transfer of title to the owner of the rightful property. Registration of assets becomes a public record on a permanent basis and […]

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Lost Original Property Papers? Understand process to get certified copy

Lost Original Property Papers? Understand process to get certified copy

The duly stamped registered sale deed along with other original property documents are critical evidence of property ownership. No transaction concerning the property can take place unless the original papers are furnished. A person cannot buy or sell the property without original property documents. Also, loan cannot be taken on the property without having all […]

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What are the inheritance rights of children in property of Divorce Parents?

According to the Indian Succession Act, 1956, and the Indian Succession (Amendment) Act, 2005, minor children, whether boys or girls, have a right to the father’s ancestral property by birth. In case of the parents’ self-acquired property, they can give it to anyone they want through a written will. However, if they die intestate, or […]

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