I want to know the scope of relatives defintion in income tax act.1961
I want to know the scope of relatives defintion in income tax act.1961
Hi , definition of relative is different for applicability of different sections for ex : for gift purpose scope is quite large and is given in explaination to the section 56(2)(vii), but in general when no section gives particular definition then definition given u//s 2(41) will apply .
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