Any Property which is purchased by your own personal income is known as self acquired property. As per self acquired property definition, it is a property on which the individual has his own rights.
As per the laws, some of the following will be considered as self-acquired property.
Property acquired from any person other than his or her paternal ancestors.
Property acquired by the Hindu as his share of the partition of joint family property provided he has no son in existence.
Property gifted by the father to her daughter at her marriage is known as separate property or self-acquired property.
Self-acquired property can become ancestral property if passed in the pool of ancestral property ventures.
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self acquired property
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Authors Of The Question
What is self acquired property?
Subhash taware
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1 Year
2022-12-26T07:28:39+00:00 2022-12-30T16:50:44+00:00Comment
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