The Indian Courts have embraced the growth in technology. A critical example of this is the usage of video conferencing in court proceedings while recording evidence. There have been many reasons why it was imperative why the Indian Courts needed to walk hand in hand with the ever-growing technology and take advantage of it. The special provisions, i.e., Section 65A and 65B, have been inserted into the Evidence Act relating to the electronic record and its admissibility. Courts have now interpreted this vital provision to include Video conferencing.
Gifting property to a relative is one of the various modes of transfer of property. A person can make a gift of both moveable and immoveable property.
An NRI can make a gift of cash, cheque, property to any relative in India. The gift transactions by NRIs are subject to FEMA rules and regulations.
In India, the gift of a property in blood relation is exempted from any gift tax. The relatives, who qualify for the exemption, are the ones who are defined as “relatives” under the Income Tax Act and FEMA.
If the property is moveable, the gift transaction…
It is crucial to have complete information about a property’s comprehensive details to buy or sell any property or land. Well, it is very commonly known all over the World that numerous people from Punjab, India, have over the years, chosen to settle abroad whether temporarily or permanently for purposes like education, salaried jobs, business, marriage or other reasons. Such a person might have left behind their ancestral or self-acquired properties. In such cases, the person might not know in whose name the property’s ownership is recorded. …
Often NRIs face problems in tracing out their ancestral properties left in India by their forefathers. Possibly, there are many ways to locate the ancestral property to transfer or sell off the property. The most popular method of tracing the same is browsing it online. But there is always uncertainty when finding the property online. There comes the physical investigation of the land/plot, which is still more reliable and authentic. Two ways of handling this matter or doing property owner search are discussed in detail.
Following are the options which the NRIs can explore online in searching their property with…
Land or estate can still be considered as the most valuable asset one can hold. The reasons are quite simple. The value of the land never, or one can say rarely, comes down. With the continuous rise in the populations of the world, the demand-supply gap is playing a considerable role in the increase of the value of the land over a period of time.
We need to understand the law relating to the documentation of the land registry. …
NRI remittances in India are governed under the Foreign Exchange Management Act (FEMA). Under the said Act, RBI has been given the critical role to control the transactions involving foreign exchange. RBI is the apex bank in India and has ample powers to issue guidelines and make rules for regulating the deposit and withdrawal of Indian and foreign currency by NRIs.
Remittances are permitted through authorized dealers, i.e. a person, empowered by RBI to deal in foreign currency and it usually includes banks.
NRIs are allowed to open and maintain the following types of accounts with authorized dealers in India:
In Indian traditional patriarchal society, women have enjoyed fewer rights. Women have most of the time been subjected to discrimination, especially in property matters. Inheritance Rights of a woman have never been taken seriously. Property has remained the domain of men.
Now we see a change. There is a shift in the social paradigm Women are attaining education. They are becoming self-reliant and financially independent. Besides, there are plenty of channels like media, internet etc. to add to their knowledge and awareness for their rights and favourable laws.
They are making financial decisions and investing in property. They have self-acquired…
The issue of property rights in the ancestral property has always been a contentious one. It is not easy to determine the same. It is advisable to get proper legal guidance and advice from legal experts dealing in property law.
Ancestral property is the property which has passed on up to four generations (lineal descendants), of a common ancestor, including the last holder of the property, without any division. The last holder of the property is the eldest surviving male member. It is the property inherited from an ancestor.
The term coparceners refer to a small unit of lineal descendants…
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