Legal validity of Testamentary distribution of of Ancestral Properties by way of creating WILL or
This query is : Resolved
30 April 2021
Pls Clarify
1.whether any person can make will with respect to Ancestral Property
2 . Whether a Ancestral Property , received by Coparcener in succession or Inherited by Coparcener can be bequeathed by Coparcener by way of Creating any WILL or CODICIL for making distribution arrangements after his death in favour of person who are not even a legal heir or linear descendants
Pls support your clarification with legal rules , judicial precedent or legislative enacted law
1.whether any person can make will with respect to Ancestral Property
2 . Whether a Ancestral Property , received by Coparcener in succession or Inherited by Coparcener can be bequeathed by Coparcener by way of Creating any WILL or CODICIL for making distribution arrangements after his death in favour of person who are not even a legal heir or linear descendants
Pls support your clarification with legal rules , judicial precedent or legislative enacted law
24 September 2021
1. No. unless he becomes owner of the property by any settlement deed.
2. No.
2. No.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Reporting of STCG on Property in ITR
- ITR-4 vs ITR 5
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
