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Mar 10, 2010 · The answer first question would be 1)Lineal Ascendant means your father,grandfather, great grand father... Lineal Descendant means your son, grand son, great grand son. 2)No. she will not be considered a lineal ascendant or descdant. 3) No. The term lineal ascendant or descendant is also an often-used term but never defined in various Indian laws.
Jul 21, 2019 · The author in this article has analyzed the provisions of the various Acts with regard to the definition of a relative.
Jan 21, 2020 · This article provides list of relatives covered Section 56 (2) (VII) of the Income Tax Act,1961. As per Section 56 (2) (VII) if any gift received from relative which are covered under following list will be exempt in the hands of receiver.
Lineal ascendants are ancestors who are directly related to a person through their bloodline. For example, if someone's grandfather passes away and leaves them an inheritance, they are receiving it from a lineal ascendant. This term is often used in legal documents and genealogy research.
Mar 25, 2020 · As per Section 2(41) of the Income Tax Act, 1961 "relative", in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual.
As per section 2 (41) of the income tax act. “Relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual ;
Jul 4, 2008 · The expression “relative” as appearing in section 2(41) is in relation to an individual and persons who are included in the category of “relatives” have been spelt out in the provision itself i.e., husband, wife, brother or sister or any lineal ascendant or descendant of that individual.
Jan 13, 2022 · “Relative”, in relation to an individual, means the husband, wife, brother or sister, or any lineal ascendant or descendant of the individual.
Dec 13, 2020 · Relative in relation to an individual means the spouse, brother or sister or any lineal ascendant or descendant of that individual. Meaning of substantial interest in a business or profession. A person shall be deemed to have a substantial interest in business or profession if
Apr 18, 2020 · “relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual; So as per Section 2(41), relative in relation to an individual means – husband or wife i.e. spouse of the person or – any brother or sister of the person or
