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aravind hosamani   10 January 2023

self property or ancestral property

HI sir im interested in stock market trading present im not doing any jobs. im in joint family i have ancestral property i have one brother if i using my ancestral property like 1lack i want to start my trading jurney if i make more profit like crores in future.the profit of crores is it come in self property or in ancestral property


Learning

 2 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     10 January 2023

When you take the money from ancestral property and if you earn profit it will be ancestral.

R.K Nanda (Advocate)     11 January 2023

it will be ancestral.

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