aforesaid one year: Provided further that while granting arms licence on inheritance or heirloom basis, the limit of two firearms shall not be exceeded.] [Inserted
individual; or (c) under a will or by way of inheritance; or (d) in contemplation of death of the payer; or (e) from any local ... individual; or (c) under a will or by way of inheritance; or (d) in contemplation of death of the payer; or (e) from any local
asset is acquired by the assessee by way of gift or inheritance, the actual cost of the asset to the assessee shall be the actual
Constitution of India
India
Constitution of India
CONTITUENTASSEMBLY 00 of 1950
Published in Gazette 00
mother. (2) Notwithstanding anything contained in sub-section (1),— (a) any property inherited by a female Hindu from her father or mother shall devolve ... therein, but upon the heirs of the father; and (b) any property inherited by a female Hindu from her husband or from her father
includes both movable and immovable property acquired by a female Hindu by inheritance or devise, or at a partition, or in lieu of maintenance
undivided family; (ii) under a gift or will; (iii) (a) by succession, inheritance or devolution, or (b) on any distribution of assets on the dissolution
bona-fide sale or mortgage with possession or a transfer resulting from inheritance, made after the 15th August, 1947, and before the 2nd February ... time being in force or by an heir by inheritance] no transfer or other disposition of land which is comprised in a surplus area
made far-reaching
changes in the structure of the Hindu law of inheritance,
and succession. The Act confers upon Hindu females full
rights of inheritance ... both movable and immovable property
acquired by a female Hindu by inheritance or device, or at a
partition, or in lieu of maintenance or arrears
Wealth Tax Act, 1957 -ss. 3 and 4-Property inherited
under s 8 Hindu Succession Act, 1956 -Whether HUF or
individual property.
Income ... Income Tax Act, 1922 -Income from
as sets inherited by son from father-Whether assessable as
individual income.
HEADNOTE:
Rangi Lal and his son Chander