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Lineal ascendant of spouse

Income Tax - Started By: - Roopam Gupta - Dated:- 17-12-2015 Last Replied Date:- 28-12-2015 - Hi, Could you confirm please that my maternal Grandfather (Nanaji) come under category as per Income Tax rules. because he gifted one shop to my wife.Waiting for reply.........Regards - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my view it will be covered. - Reply By Ram Krishna Gupta - The Reply = Hello Sir,Thanks for your reply. We received notice few days before from IT department that they don .....

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e of IT dept.Regards - Reply By Ganeshan Kalyani - The Reply = Refer Section 56 of Income Tax Act 1961. - Reply By Ram Krishna Gupta - The Reply = Thanks sir for reply but as discussed with IT officer he told me that in section 56 of Income tax act 1961 there is never mention that gift received from husband's nanaji is tax free. He wants law number/Income Tax rule no.with clause number for the same in which it may be clearly mention that gift received from husband's Nanaji is tax free. I .....

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