Classification of Property
Classification of Property
1. SELF ACQUIRED
2. JOINT FAMILY / ANCESTRAL PROPERTY
SELF ACQUIRED/ SEPARATE PROPERTY
OWNED BY PERSON EXCLUSIVELY AND ENJOYS ABSOLUTE
POWER OVER THE DISPOSAL
CAN SELL IT, MORTGAGEIT GIFT IT, LEASE IT WILL OR EVEN
DONATE
ON HIS DEATH THE PROPERTY WILL GO ACCORDING TO LAW S
OF INHERITANCE
NO PERSON HAVE A BIRTH RIGHT ON IT
EVERY HINDU MALE OR FEMALE CAN OWN SEPARATE
COPARCENERS
WHEREAS NON-COPARCENERS ONLY HAVE RIGHT OF