Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.
The Supreme Court (SC) recently declared that a Hindu father or the manager of a Hindu Undivided Family (HUF) has the power to make a gift of ancestral property for a 'pious purpose', but such an alienation can't be permitted 'out of love and affection'. A petitioner had filed a suit against his father and another person called KC Laxmana for partition and separate possession of his one-third share in the property, and for a declaration that the gift or settlement deed executed by his father in favour of the second defendant, KC Laxmana, be declared null and void. Bharat Chugh, former judge and advocate, says, "The plaintiff argued that the property belonged to the joint family (of which Laxmana was not a part), and transfer of property without his consent was not valid." The SC ruled that gifting out of natural love and affection cannot be interpreted as 'pious purpose'.
Quite a few actresses found love in the makers of their films.
Ananya, Amitabh, Arjun stroll down memory lane...
Bollywood is ready with its line-up of theatre releases, but it remains to be seen whether we will get to watch these movies in theatres this year.
Think you know everything about Bollywood? Test your filmi gyaan here!
Meet Katrina Kaif's cute co-star.
Joginder Tuteja looks at the big November hits in the past decade.
Guess who was spotted at the airport?
The actress put in a rare appearance with mum-in-law Pamela Chopra.
The cons are dull, the chemistry is off, the zingers are in short supply and a kitschy display of brand logos and hammy accents takes centre stage, sighs Sukanya Verma.
Before Rani, we've had a long list of stars with hush-hush weddings.
Many salaried taxpayers hold the misconception that they don't need to disclose any other income since TDS is deducted from their salary.
'This man changed the mindset of a generation.'
Sultan and Raees to be released on Eid next year!
Sukanya Verma presents a DDLJ special quiz to test your knowledge about one of Hindi cinema's most successful films of all time.
'My family was broken after my father passed away. After Adi and Rani's marriage, it feels we have bonded again.' Uday Chopra talks about his reclusive brother Aditya Chopra and his famous wife Rani Mukerji, and his big fat Hollywood production, Grace Of Monaco.
Syed Firdaus Ashraf, who grew up in the 1980s, tells us why Befikre is a must watch to understand the new generation.
Guess who else features on the Variety500 list?
Subhash K Jha celebrates Ajay Devgn as the movie star turns 53.
The new AIS is expected to make the taxpayer's task of filing ITR easier and faster, points out Bindisha Sarang.
'Once you marry a man, you get a lot of power in the household. But apart from that, I can't say anything. I have power in the kitchen.' Rani Mukerji discusses marriage and Mardaani.
Get your lowdown on what's going on in the world of Bollywood right here!
White is pure. White is powerful. And our movies just love to channelise its immaculate energy and enhance a visual's impact.
Get your lowdown on what's going on in the world of Bollywood, right here!
From Mere Brother Ki Shaadi to Silsila, Yash Raj Films have celebrated weddings through the years in their movies.
Quite a few Bollywood stars have opted to marry outside the Maximum City.
Here's what your favourite Bollywood celebrities are tweeting.
'This is the first time when you see the story of the Azad Hind Fauj through the eyes of the soldiers.'
Rani Mukerji, who is expecting her first child, was hospitalised on November 14 due to exhaustion.
Check out the happy and cute faces!
Durga Puja celebrations have begun and how!
Check out how romantic Ranveer Singh is.
The actress talks about her new film and her equation with filmmaker Yash Chopra.
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