Browsing Tag

Love and Affection

2 posts
A loving addition of a wife's name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.

Added Wife’s Name in Property Out of Love? Got ₹70 Lakh Tax Notice

A loving addition of a wife’s name to a property deed led to a shocking ₹70 lakh capital gains tax notice nearly 10 years later—despite the husband declaring the full sale. ITAT Mumbai remands the matter for verification, offering hope to avoid double taxation in this relatable family tax cautionary tale.
In a victory for elderly rights, the Delhi High Court has affirmed that "love and affection" in a property gift deed to a family member is an implied condition of care. If the transferee fails to provide basic amenities and support, the senior citizen can reclaim their property by declaring the transfer void under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007.

Gifted Home, Broken Promise: Court Rules Elder Care is Implied, Voids Deed When ‘Love and Affection’ Fails

In a victory for elderly rights, the Delhi High Court has affirmed that “love and affection” in a property gift deed to a family member is an implied condition of care. If the transferee fails to provide basic amenities and support, the senior citizen can reclaim their property by declaring the transfer void under the Maintenance and Welfare of Parents and Senior Citizens Act, 2007.