Is Grandmother Relative for gift?
Despicable Knight (16 Points)
03 October 2019
Is grandmother of the assessee covered under relative for exemption under Income from other sources
2 Replies
Sanjeev Rana
(Tax Consultant)
(36 Points)
Replied 03 October 2019
Sure Grandmother & Grandfather are included in the definition of Relatives
Kapadia Pravin
(17264 Points)
Replied 04 October 2019
Yes As per definition of relative under section 56(2)(x) (b) . it's falling within relative definition and hence Gift to or from Grandmother is exempt
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