Is the said person relative for income tax purposes?

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13 Points Posted on 15 October 2023
A & B are brothers. A has a son C. B has a son D. A & B both have died. C wants to transfer shares to D. Is B a relative of D in this case?
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On 15 October 2023 at 23:57 Report
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This discussion clarifies whether B is considered a relative of D for income tax purposes. Given that B is D's father and A (B's brother) is C's father, the familial relationship is established. The context of share transfer between C and D is explored, with the conclusion that B is indeed a relative of D, primarily relevant for gift tax considerations.

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"Do the Right Thing...!!!"
128157 Points Posted on 16 October 2023
As per Your query...

Yes, Definitely. B is Relative of D.
Bcoz, D is son of B.
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On 16 October 2023 at 04:39
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Profession
28271 Points Posted on 16 October 2023
These are irrelevant questions. only fir gift purpose it is ok
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On 16 October 2023 at 07:28
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13 Points Posted on 16 October 2023
I wanted to ask whether C is relative of D?
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On 16 October 2023 at 08:32
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Profession
28271 Points Posted on 16 October 2023
Indirect
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On 16 October 2023 at 13:26

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