Any land that has been purchased on one's own and there hasn't been any profit/use made out of that land, but hadn't been mentioned in the service book ( of central govt. employee), would be considered as an ancestral property?
Asked 4 years ago in Property Law from Purnia, Bihar
No, it would not be considered as ancestral property.
it would be self acquired property of govt employee as it has been purchased out of own funds
No. It will be treated as self acquired property.