sirs,
please help me to know, is Married Grand-Daughter of Daughter of an individual is a relative for the purpose of income tax. for gifting under section 56.
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linear descendents
Replies (2)
For the purpose of this, ‘relative’ means : ‐
(a) spouse of the Individual;
(b) brother or sister of the individual;
(c) brother or sister of the spouse of the individual;
(d) brother or sister of the either of the parents of the individual;
(e) any lineal ascendant or descendant of the individual;
(f) any lineal ascendant or descendant of the spouse of the individual;
(g) spouse of the person referred to in clause (ii) to (vi).
check this link also
/forum/relatives-u-s-56-2-vii-from-whom-gift-is-permissible--98674.asp
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