What is any lineal ascendant or descendant?

Quick Summary
Lineal ascendants are direct ancestors like parents and grandparents, while descendants are children and grandchildren. Relatives like sister daughter or cousins are not lineal. Gifts from non lineal relatives may be taxable under income tax rules.

Are lineal descendants eligible for any specific tax benefits or exemptions?

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I will receive shares of Rs.1,50,000/- as gift from my brother's son, will this gift received from my brother's son be considered as gift receved from my linieal ascendent or desecndent?

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