Does Son In Law comes under the definition of relative under sec 2(41) of IT Act.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 25 October 2012
Definition of relative is given in sec 2(41) Of Companies Act,1956 and not in that of I.T Act ,1961.
yes , son in law will fall under that defintion of relative because the said sec provides that relative includes spouse of children of a person.
CA Manish
(Job)
(5264 Points)
Replied 25 October 2012
Sec 2 (41) of Income tax act
“relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual ;
Therefore it does not include Son in law
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 25 October 2012
CAclubindia
