Relative

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Ashutosh Kumar Jha (Querist)
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18 July 2013 is maternal grand father or maternal grand mother covered under the clause " any lineal ascendant or decendant" in definition of the relative in income tax act-1961.
Please help me....

with thanks & regards

Ashutosh Kumar Jha
9534140352

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 July 2013 Yes its covered. Please check out from link given below---

https://www.caclubindia.com/forum/relatives-u-s-56-2-vii-from-whom-gift-is-permissible--98674.asp

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Ashutosh Kumar Jha

Ashutosh Kumar Jha (Querist)
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19 July 2013 First of all thank you very much for your quick reply sir. The list of 44 relations presented by you is very nice and useful but please reply me that in what Sl No "Maternal Grand Father" is covered.........

With Thanks & Regards
Ashutosh Kumar Jha
9534140352

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