No, gifting money to parents in India is not taxable, as long as they are your parents or are relatives. Under the Income tax rules, gifts from NRIs to relatives in India are not taxable.
Can father sell ancestral property without consent of minor son?
No, ancestral property be cannot be sold without consent of successors in case of major and in in case of minority you might have to take permission from the court.
Can a sister claim property gifted to you by your father?
1. Your sister’s claim on the property which has been gifted to you by your father throug a registered deed is invalid, 2. Be sure that you are now the absolute owner of the said gifted property and she will not be able to do anything to get a share of it. Talk to Advocate Krishna Kishore Ganguly NOW! No.
Can a father gift property to his children?
Your father was at liberty to gift or sell his property to anyone he desired. None of his children had any share therein during his lifetime. The share which was to accrue to his heirs on the intestate demise of your father could have been curtailed or abrogated by him if he made a will or alienated the property during his lifetime.
Can a father cancel a registered gift deed?
1. Your sister’s claim on the property which has been gifted to you by your father throug a registered deed is invalid, 2. Be sure that you are now the absolute owner of the said gifted property and she will not be able to do anything to get a share of it. No. Your father can not cancel the said registered gift deed now as per law.
Can a sister claim a share in a gift deed?
Hi, Once the gift deed has been registered in your favour your sister has no right to claim share in the property. because it is the self acquired property of your father and he can dispose of his property by way of gift so after executing the gift deed you will become the absolute owner of the property. 2.
