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ramakant (hod)     22 June 2014

Self aquired or ansectral

If a property is purchased out of rent derived from ancestral property. Then will the property so purchased will be regarded as ancestral or self acquired property?   


 1 Replies

Lawyer SALEEMA (Advocate Madras High Court & Legal Consultant Chennai Law in Law Firm. +91-9698884779)     22 June 2014

It would be treated as ancestral property, subject to the proof that the said property has been purchased out of income arrived from the ancestral property.

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