DEAR JEFF: My parents would like to deed some land to me as a gift. It is a small piece of land that is part of a larger tract. Someone told my parents that they can sign a gift deed and have it ...

ITAT Kolkata held that gifts received from a brother-in-law are exempt under Section 56(2)(vii), as the relationship qualifies as relative for tax ...

The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with legal problems, including those whose questions are addressed here, ...

Husband staying in UAE gets Rs 80 lakh from brother-in-law by executing gift deed in USA, tax dept issues notice, wins case ...

A Kolkata tax court has recently ruled that a large gift from a brother-in-law is completely exempt from income tax, even if ...

The question presented in Aaron v. Fisher et al: Did mineral deeds bestow separate property upon the grantees by gift, or did they convey a community property interest to the grantees and their ...

After about 30 years of legal disputes, a sister has recently won a case before the Supreme Court of India (SC) against her brother regarding the ownership of their father’s property, who passed away ...

While a brother can gift property to his sister with no tax liability for either party at the time of transfer since a sister qualifies as a ‘relative’ under the Income Tax Act, legal and tax experts ...

Timeshares in California, Hawaii, and Nevada. This post by Deed and Record considers the options for maintenance fee relief by gifting, resale, and deed back of timeshares in California, Hawaii, and ...

CHENNAI: Senior Citizens can cancel the gift or settlement deeds executed in favour of their children or close relatives if ...