sec 2(41) of income tax act, lineal ascendant/descendant means

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Venkataramireddy.A (Querist)

28 September 2016 Hi, Good morning. please could you clarify lineal ascendant/descendant meaning as per section 2(41) of income tax act. will mother's mother and mother's father come under relative. please clarify ...

Amol S Joglekar

Amol S Joglekar (Expert)

28 September 2016 lineal ascendant : father, father's father, father's father's father and so on
lineal descendant :son, son's son, son' son's son and so on

Venkataramireddy.A

Venkataramireddy.A (Querist)

28 September 2016 thanks Amol for reply. so mother side it won't cover under relative at the same time daughter's side it won't cover... is it right?

Amol S Joglekar

Amol S Joglekar (Expert)

28 September 2016 yes, as per section 2(41)....relative of X is husband/wife of X, brother of X, sister of X, lineal ascendant of X, lineal descendant of X
(Please note for section 56 of Income tax act, the definition of relative is different than this)

Venkataramireddy.A

Venkataramireddy.A (Querist)

28 September 2016 Thanks ton Amol for resolving the issue so soon... have grate time..

Amol S Joglekar

Amol S Joglekar (Expert)

28 September 2016 you are most welcome.
One more point : both the definitions are EXACT definitions......because they start with the verb means..... (i.e. they are not inclusive definitions.......they are exact definitions)

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