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GANESH KULKARNI (free lancer)     16 July 2012

Ancestral property vs self earned

I am interested in consulting a property lawyer on urgent basis.

Most Urgent & Important

Please help me in justifying - Whether following statement is Correct or not...

As per Hindu Succession Act:

Ancestral Property & Self Earned property can be identified as follows:-

Ancestral Property means it should be four generation old & it should not have been divided by the users in the joint Hindu family as once a division of the property takes place, the share or portion which each Coparcenar gets after the division becomes his or her self acquired property.

Properties inherited from mother, grandmother, uncle and even brother is not ancestral property.

Property inherited by will and gift are not ancestral properties


Thanks & Regards

Ganesh Kulkarni (Mumbai)

9920029235, 9223344662, 9920668841.



Learning

 8 Replies

GANESH KULKARNI (free lancer)     17 July 2012

Ashish Sir I am very thankful to you for your very precious time & prompt reply.

Actually I am very tensed, fighting for the rights of a handicapped person.

Who is a victim of other family members' dominance.

I have attached a word file here, which can save your valuable time to answer my doubts.

I am eagerly waiting for your reply.

--------------------------------

My doubts are as follows:-

1) The property came to Person A from B (from brother & that too 50% via sharing the property on oral terms & 50% as a legal heir of person B after death). So can it be called as a self earned property of person A?

2) Person C has given all the property to person Y through a registered WILL.

Whether, Person C had the rights to prepare a WILL related to the mentioned property?

(I think the property was not ancestral for person C as the clause of 4 generations invalid)

---------------------

Waiting for your valuable reply


Thanks & regards

Ganesh Kulkarni (Mumbai)

9920029235, 9223344662, 9920668841

GANESH KULKARNI (free lancer)     17 July 2012

Find the attached word file for above reference.

J K Agrawal (Advocates)     17 July 2012

Dear Mr Kulrarni and Ashish 

I think the law relating to encestral proerties and self acquired property is not so simple and easy.

  1. No condition of 4 generations.  Property self acquired by father is encestral for his son.
  2. These words are not meant to HIndus only so the consept of HUF and its division is not necessary at all.
  3. Ancestral property becomes self acquired when actual division takes place but all the self earnings are already self acquired.
  4. If self earning in by using ones own skill then only it is self acquired. If the income is earned by use of family business or property or goodwill it is part of common pool property.
  5. Property inherited from any body is self acquired property. No list required as stated. because one get property only when actual succession takes place. Untill then he is having only notional share.
  6. Property obtained by will is transfer ultra vivos and by will is transfer intra vivos. The both are not inheritence. 
  7. And the examples are out of my wits.
  8. And I am thankful to you both.

www.bar2bench.com

Ramesh Potedar (Advocate)     18 July 2012

I agree with Advocate Davessar.

J K Agrawal (Advocates)     18 July 2012

Dear Sirs

The Arunachal Mudalier case is some what different.

It says that if a father transfer a property to a son by way of gift, will it be considered son's absolute and self acquired property or it will be treated as ancestral property?

and the SC answered that it depends on intention of doner.

www.bar2bench.com


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