Karan (NA) 07 June 2012
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 ?
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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