Gift tax


This query is : Open 

23 March 2014 What is the meaning of lineral asendent and lineral descendent in gift tax ??

23 March 2014 the son, daugther, grand sons/daughters and so on etc are the lineal descendants..

father/mother, grand parents and so on are lineal ascendants..

29 October 2014 Assesse n spouse ke lineal descendants to same he hoge na ?

29 October 2014 yes...i hope so...unless they take divorce and have kids with someone else!

29 October 2014 Cousin brother n sister is also includes in the meaning of relative ?


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