Inheritance planning is important for everyone, regardless of their marital status. However, it is especially important for single people, as they do not have a spouse or other family members to help them make decisions about their assets after their death.… Read more
Trial balance is a financial statement that lists all of the general ledger accounts and their balances at a specific point in time. The purpose of the trial balance is to ensure that the total debits equal the total credits, which is a fundamental principle of double-entry accounting.… Read more
In India, there are various grounds on which a person can challenge a will. Here are eight common grounds for challenging a will in India:… Read more
Traditionally, daughters in India often faced significant challenges when it came to property rights and inheritance. However, the Hindu Succession Act of 2005 brought about a significant change by granting daughters equal rights to ancestral and self-acquired property. In this article, we will explore the property rights of daughters under the Hindu Succession Act 2005 and discuss how this legislation has empowered women in matters of inheritance.… Read more
Hindu Undivided Family (HUF) is a unique and legally recognized entity under Hindu law in India. It is a form of joint family business organization that allows the pooling of family assets and the conduct of common business activities. Here is a comprehensive overview of HUF:… Read more
In India, the rights of a second wife regarding property and maintenance are dependent on various factors, including the personal laws applicable to the individuals involved. It is important to note that India has different personal laws governing marriage, divorce, property, and maintenance for different religious communities. Here are some general points to consider:… Read more
In the legal system, a writ is a written order issued by a court that commands a specific action or directs a specific individual or entity to do or refrain from doing something. It is typically issued under the authority of the court or a judicial officer and is directed to a specific person, organization, or government agency.… Read more
The Transfer of Property Act, 1882 is an important legislation that governs the transfer of property in India. It was enacted on 17th February 1882 and came into force on 1st July 1882. The Act defines the various modes of transferring property, the rights and liabilities of the transferor and transferee, and the legal requirements for the transfer to be valid.… Read more
An essential piece of law that controls the tenancy and ownership of agricultural property in the state of Maharashtra is the Bombay Tenancy and Agricultural Lands Act, passed in 1948. The terms “Navi Sharat” and “Juni Sharat” are particularly important among the act’s multiple clauses.… Read more
Since ancient times, possessing a piece of land has been connected with a person’s societal repute in India. Following India’s independence from the British, constitutional experts inserted clauses that guaranteed inhabitants of India certain rights pertaining to land and property ownership. We have developed a list of major land-related provisions that have found their way into the law book.… Read more
