ITAT ruled that property transferred under a bona fide family settlement is outside the scope of Section 56(2)(vii). Such arrangements are not treated as taxable gifts even if formalised through a ...
A ladybird deed can be helpful for a lot of reasons. It can be used to avoid probate, because once the grantor dies, the grantee owns the property. earleliason / Getty Images There are a nickel’s ...
Property acquired during marriage is presumed to be community property. Property acquired before marriage, by gift or by inheritance, is presumed to be separate property. Kenishirotie / Getty Images ...
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