Self acquired property

shyam lal (Querist) 26 September 2022 This query is : Resolved
Share in unmovable property mentioned in a WILL is considered as self acquired.
Query.. Does the same apply to Share holders in unmovable undivided property mentioned in MoU of family settlement.

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kavksatyanarayana (Expert) 26 September 2022
In an MOU settlement, if each person is given a share, it may be treated as his/her self-acquired property (movable).

Advocate Bhartesh goyal (Expert) 26 September 2022
Property obtained through vaid family settlement will be deemed self acquired property of sharer.

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