Definition of Relative
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2011
The definition of Relative as per Income tax Act,1961:-
Explanation. — For the purposes of this clause, “relative” means—
(i) spouse of the individual;
(ii) Brother or sister of the individual;
(iii) Brother or sister of the spouse of the individual;
(iv) Brother or sister of either of the parents of the individual;
(v) Any lineal ascendant or descendant of the individual;
(vi) Any lineal ascendant or descendant of the spouse of the individual;
(vii) Spouse of the person referred to in clauses (ii) to (vi);]
"In our case, DEVRANI is an individual"
Considering point (iii), she can give gift to her ‘”JETH” i.e. “Brother of spouse” and
Considering point (vii) & (iii) together, she can give gift to her “Jethani” i.e. “Spouse of the person referred to in point (iii)
So considering the above scenario,
Can Jethani give gift to Devrani & vice versa in order to claim exemtion?
Explanation. — For the purposes of this clause, “relative” means—
(i) spouse of the individual;
(ii) Brother or sister of the individual;
(iii) Brother or sister of the spouse of the individual;
(iv) Brother or sister of either of the parents of the individual;
(v) Any lineal ascendant or descendant of the individual;
(vi) Any lineal ascendant or descendant of the spouse of the individual;
(vii) Spouse of the person referred to in clauses (ii) to (vi);]
"In our case, DEVRANI is an individual"
Considering point (iii), she can give gift to her ‘”JETH” i.e. “Brother of spouse” and
Considering point (vii) & (iii) together, she can give gift to her “Jethani” i.e. “Spouse of the person referred to in point (iii)
So considering the above scenario,
Can Jethani give gift to Devrani & vice versa in order to claim exemtion?
22 January 2011
As per definition of relative , jethani and devrani are relative.
Guest
Guest
(Expert)
22 January 2011
I agree with Mr. Bhagat if this query presumed to be related to Incometax Act,1961 where as you mentioned," Income tax Act,1932"
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
