GMR (SELF EMPLOYED) (34 Points)
13 June 2018
Great grand father- completed partitioning during 1968.
Grandfather still holding his share of inherited property along with acquired property in my mother's name which is enjoyed in common.
Keeping my father in dark my grandfather is trying to transfer it in my father's brother name through settlement/will,....Is it possible?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177704 Points)
Replied 13 June 2018
For family settlement of ancestral property, consent of all the members is must. Otherwise it will be disputable asset ......
GMR
(SELF EMPLOYED)
(34 Points)
Replied 13 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177704 Points)
Replied 13 June 2018
It remains ancestral.......
Other type is self-earned, which is not the case here.....
CAclubindia
