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IT act 1961 under section 56(2)(vii)

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..... IT act 1961 under section 56(2)(vii)
Query (Issue) Started By: - Arvind Ahluwalia Dated:- 25-4-2016 Last Reply Date:- 30-5-2016 Income Tax
Got 5 Replies
Income Tax
As per IT act 1961 unde .....

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..... r section 56(2)(vii) Relative includes ,any lineal ascendant or descendant of the spouse of the individual; In this act whether lineal ascendant relating to maternal or paternal side are to be consi .....

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..... dered or only paternal side is to be considered. Kindly advise R's Arvind Reply By CA GOPALJI AGRAWAL: The Reply: To my view, it is paternal side only. Reply By Ganeshan Kalyani: The Reply: .....

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..... Sir spouse is mentioned which can be both. Right Sir. Reply By Arvind Ahluwalia: The Reply: Dear Sir, It's means that maternal side of spouse is also consider. Kindly confirm. Thanks & Rega .....

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..... rds Arvind Reply By Arvind Ahluwalia: The Reply: Respected Sir/ Madam, Heartily requested kindly confirm. R's Arvind Ahluwalia Reply By Arvind Ahluwalia: The Reply: Dear Sir. Dear Sir, R .....

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..... equested you please confirm It's means that maternal side of spouse is also consider under IT act 1961 under section 56(2)(vii) (Relative includes ,any lineal ascendant or descendant of the spous .....

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..... e of the individual) Thanks & Regards Arvind
Discussion Forum - Knowledge Sharing .....

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