Gift from Relatives - What is Linear Ascendant meaning

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This discussion explores whether gifts from extended family members, specifically a 'cousin aunty' (grandfather's brother's son's wife), are exempt from tax under Section 56(2)(X) of the Income Tax Act. While gifts from direct relatives like an aunt are exempt, the query seeks clarification on the definition of 'relative' and 'linear ascendant' to determine if such distant relations qualify for exemption.

Narendra JR

Narendra JR (Querist)
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07 June 2024 As per Income Tax Act Section 56(2)(X), Gift Received from Relatives Exempt from Tax. Relative Definition expressively include "Aunty" as Relative.
So, the Gift from "Father's Brother's Wife i.e. My Aunty" to "me" is Exempt but Whether Gift from "Grand-Father's Brother's Son's Wife i.e. My Father's cousin Brother's Wife i.e. My Cousin Aunty" to "me" also Exempt?

Is "Linear Ascendant" include "Cousin Brother and his Wife" as Relative of "me"?

Can Anyone give me exact meaning of "Linear Ascendant"

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 June 2024 No, not exempt in case of cousin aunty, or even from cousin.
Linear ascendant means father to grand ,,,, grand father/s but never their son/s.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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31 August 2024 Good luck.

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