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Karan (NA)     07 June 2012

House is ancestral property ?

 

A Plot is recieved by Gift deed by Dad. This is ancestral property came down from 3  generations from great gandfathers.

Now I am constructing a house in this plot. Where does now this combined plot+house belongs to ?

 1. Newly aquired property ?

 2. Ancestral property ?

 

What is house is not registsred yet ? then is it equal to no house property on my name ?

 

 



Learning

 1 Replies

Hari Om Maheshwari (C.A.)     07 June 2012

IF YOU ARE HINDU, THIS REMAINS HUF PROPERTY.

THE AMOUNT SPENT IN CONSTRUCTION GOES TO THE HOCH-POCH OF THE HUF AND ALL COPARCENERS ENJOY THE FRUITS OF THE PROPERTY EQUALLY.

 


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