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

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Quick Summary

This discussion explores the ownership of profits generated from stock market trading when the initial capital is derived from ancestral property. The consensus is that any profits made using ancestral funds will also be considered ancestral property. This is important for individuals looking to start trading with inherited assets.