aravind hosamani 12 January 2023
Asgher Mahdi (Advocate & Legal Advisor) 13 January 2023
Yes, the articles recieved from your wife shall not consider the income under ancenstral property hence it is self aquired property.
Dr J C Vashista (Advocate) 13 January 2023
Originally posted by : aravind hosamani
"Hi sir/madum i decided to start trading in stock market i lived in joint family and have a ancestral property i was received 20gram gold from my wifes home this gold can come under self aquired property if i sell this gold for money and started trading for this money and the profit after trading is it comes under self acquired property"
@ Aravind Hosamani,
It would be defined as "self-acquired" property.
Instead of jumbling facts, use comma, semi column, full stop etc. to make the facts clear
aravind hosamani 13 January 2023
Dr J C Vashista (Advocate) 14 January 2023
Facts posted are vague and confusing.
It is better to consult a local prudent lawyer with relevant records for proper appreciation of facts and circumstances of the case and professional advise, if the facts posted are true and not a time pass query.