Lineal ascendant of spouse

[Guest]

Hi, Could you confirm please that my maternal Grandfather (Nanaji) come under Lineal ascendant of spouse category as per Income Tax rules. because he gifted one shop to my wife.

Waiting for reply.........

Regards

AI Summary

Debate on Maternal Grandfather as 'Lineal Ascendant of Spouse' Under Income Tax Act Section 56 for Gift Tax Exemption A discussion forum addresses whether a maternal grandfather qualifies as a 'lineal ascendant of spouse' under Income Tax rules, following a gift of a shop to a wife. The original poster received a notice from the Income Tax department challenging this classification. Various participants provide input, referencing Section 56 of the Income Tax Act 1961. One contributor clarifies that 'lineal ascendant of spouse' typically refers to the spouse's direct ancestors, such as parents or grandparents, and not the maternal grandfather, suggesting the gift may not be tax-exempt.