Whether citizenship is a relevant criteria for determining the residential status for a person in FEMA?
No, Citizenship is not a relevant factor in assessing the residence status of a person
What is the distinction between the terms “Stay” and “Reside”?
'Stay' refers to physical presence in India, whereas ‘reside' refers to permanent residence. Thus, even
How are provisions under income tax and FEMA different?
One significant difference between Income Tax and FEMA laws is that for determining residential status
Who can be termed as Indian resident under provisions of FEMA?
A person is considered a resident of India under Section 2(v) of the FEMA if
Which Act governs the Christian Law of Inheritance?
The Christian law of Inheritance and succession in India is governed by the Indian Succession
Who are the heirs in Christians?
Mainly there are three types of heirs in Christians:- Spouse:- The spouse is the legal
What is Intestate Succession?
According to intestate succession when a person has not left any will for his heir
What is Testamentary Succession?
Testamentary succession happens when the deceased has left a will behind , and his property
How will property be distributed if the deceased does not have any Children or Grandchildren?
If the deceased person does not have any children or grandchildren then the widow will
What is Will?
Will is an affirmation of the intention of a person with respect to his property,
Who can make a Will?
Every person who is of sound mind and who has attained the age of 18
Why does someone need a Will?
A Will ensures that whatever personal belongings and assets you do have will go to