Defination Self Acquired property

Querist : Anonymous (Querist) 26 April 2011 This query is : Resolved
whether a property owned by a son from his father under a Will is to be considered as self acquired proeprty?

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R.Ramachandran (Expert) 26 April 2011
Normally YES, unless the WILL imposes any other conditions e.g. that the property should be treated as 'ancestral' etc.

Sachin Bhatia (Expert) 26 April 2011
Once a property devolves under a will it can not be characterise as an ancestral property.

Sachin Bhatia (Expert) 26 April 2011
Self acquired property is any property purchased by an individual from his resources or any property he acquired as a part of division of any Ancestral/Copacenary property or acquired as a legal heir or by any Testamentary document such as 'Will' etc.