First published on Mondaq Update: Effective 1st April 2022, Surcharge @1% on Sale, Gift and Usufructuary Mortgage in Brihan Mumbai Municipal Corporation Areas Through the Mumbai Municipal Corporation (Second Amendment) Act, 2018, the Maharashtra Government levied 1% (one percent) surcharge on instruments of sale, gift and usufructuary mortgage in addition to the prevailing stamp duty... Continue Reading →
Interplay of Will, Gift and Relinquishment Deed in the Indian context
Estate and succession planning aids in establishing an orderly process of transferring a person’s wealth and assets. As the catastrophic outbreak of COVID-19 continues to wreck a global havoc, it is imperative for the families to secure their hard- earned wealth and assets through estate planning. A well-defined estate and succession plan can prevent future... Continue Reading →
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