Query related to gift from relative

as per section 56 relatives include lineal ascendant and descendant
then gift from Nana nani that means mother's parents are exempt and not?
Replies (3)
Quick Summary
This discussion clarifies whether gifts received from maternal grandparents (Nana and Nani) are exempt from income tax. According to Section 56 of the Income Tax Act, lineal ascendants and descendants are considered relatives. Therefore, gifts from your Nana and Nani are indeed included in the definition of relatives and are exempt from income tax.

Mother's parents will get included in the definition...hence exempt.

Yes they are included in the definition of relative under Income Tax Act

Sec 56 (x)(2) relative .

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