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Lineal ascendant of spouse - Gift category

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..... Lineal ascendant of spouse - Gift category
Query (Issue) Started By: - Arvind Ahluwalia Dated:- 12-5-2018 Last Reply Date:- 12-5-2018 Income Tax
Got 2 Replies
Income Tax
As per income tax .....

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..... rule in Lineal ascendant of spouse category only parental side is consider or maternal side is also consider. Reply By Arvind Ahluwalia: The Reply: As per IT act 1961 under section 56(2)(vii) Relat .....

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..... ive includes,any lineal ascendant or descendant of the spouse of the individual; In this act whether lineal ascendant relating to maternal or paternal (both) side are to be considered or only paternal .....

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..... side is to be considered. Kindly advise........... Thanks Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view, according to the language used,both sides may be considered.
Discussion Fo .....

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..... rum - Knowledge Sharing .....

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