relatives

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Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2010 Is the Father and brother and his wife of an indiciduals wife covered in the definition of relative and the same will be continued after the death of wife

Ajay Mishra

Ajay Mishra (Expert)

26 October 2010 Hi

Meaning of "relative".-

A person shall be deemed to be a relative of another if, and only if,-

(a) they are members of a Hindu undivided family; or

(b) they are husband and wife; or

(c) the one is related to the other in the manner indicated in Schedule IA.]

Ajay Mishra

Ajay Mishra (Expert)

26 October 2010 Hi

Please read Schedule IA as given below as list of relatives:

List of Relatives

1. Father.

2. Mother (including step-mother).

3. Son (including step-son).

4. Son's wife.

5. Daughter (including step-daughter).

6. Father's father.

7. Father's mother.

8. Mother's mother.

9. Mother's father.

10. Son's son.

11. Son's Son's wife.

12. Son's daughter.

13. Son's daughter's husband.

14. Daughter's husband.

15. Daughter's son.

16. Daughter's son's wife.

17. Daughter's daughter.

18. Daughter's daughter's husband.

19. Brother (including step-brother).

20. Brother's wife.

21. Sister (including step-sister).

22. Sister's husband.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

26 October 2010 The question is related to Income tax Act,1961. But the answers given above are based on Companies Act,1956

Relative as per Income tax Act,1961 is in section 2(41) which says husband , wife, brother or sister or any lineal ascendant or decendant ot that individual. However for the purpose of section 56 (2) od the said act “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).

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