About lineal ascendent and descendent
This query is : Resolved
22 December 2015
Sir may I know the meaning of lineal ascendent and my question IS MY FATHERS BROTHERS SON AND MY FATHERS DOUGHTERS SON ARE MY RELATIVES
23 December 2015
as far as your father's brother's son is concerned, he will be your cousin brother and he will not be covered under relative. Your father's daughter's son will be your bhanja as you will be his mama and mama bhanja are relatives therefore you can give gift to him but remember reciprocal is not recognized by income tax law so any gift from bhanja can be received up to Rs. 50000/- only.
but please ask your query in simpler terms by specifying the relations much easier to understand.
but please ask your query in simpler terms by specifying the relations much easier to understand.
25 December 2015
Thank you sir actually I received a land by gift deed from MYFATHERS BROTHERS DOUGHTERS SON ( WHO IS MY NEPHEW) IS THAT LAND HAS TO OFFER AS AN INCOME UNDER IFOS
25 December 2015
Thank you sir actually I received a land by gift deed from MYFATHERS BROTHERS DOUGHTERS SON ( WHO IS MY NEPHEW) IS THAT LAND HAS TO OFFER AS AN INCOME UNDER IFOS
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