Never Give Up (Fighter) 10 February 2012
Hello learned members,
After death of grand father , my father and all his siblings names were added into property card. After this we got all names removed by relinquish/release deed by paying money to them. Same has been mentioned inthe release deed.
Now this property can be considered as father's self earned or ancestorial ?
Please suggest.
adv. rajeev ( rajoo ) (practicing advocate) 10 February 2012
When they have relinquished their rights over the property, your father is absolute owner of such properties. It does not amounts to self acquired property. A person who acquires any property by his gain of earnings amounts to self acquired property.
Never Give Up (Fighter) 10 February 2012
Thank you Rajeev ji..
Bhartiya No. 1 (Nationalist) 10 February 2012
yes, it became self acquired, adv. Rajeev has advised correctly.
Bharatkumar (ADVOCATE ) 10 February 2012
Ad, Rajeevji is right.
Chaitanya_Lawyer_Mumbai (Lawyer) 10 February 2012
The part which he inherited from his father is ancestral.
The part which he purchased from his siblings is self-earned for him.
A self-earned property becomes ancestral after passing through 3 generations.
Bhartiya No. 1 (Nationalist) 10 February 2012
Yes the part/share of his father is still ancestral for his children, who are co-parcener.
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