Relatives whom gift is permissible under i.t act
This query is : Resolved
21 July 2012
Sir,
Ramesh & Suresh both are own brothers, Ramesh son is Vivek and his (vivek's) wife is Rashmi.
Suresh wife is Anita.
1)Anita received gift from Rashmi (who is vivek's wife)
2)Rashmi received gift from anita
may i know
1)this is comes under Relative definition? and
2)if it comes that will club under provisions?
Ramesh & Suresh both are own brothers, Ramesh son is Vivek and his (vivek's) wife is Rashmi.
Suresh wife is Anita.
1)Anita received gift from Rashmi (who is vivek's wife)
2)Rashmi received gift from anita
may i know
1)this is comes under Relative definition? and
2)if it comes that will club under provisions?
21 July 2012
1. Anita & Rashmi are NOT relatives for the purpose of Section 56(2)(vii).
2. Clubbing provisions will NOT apply.
2. Clubbing provisions will NOT apply.
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