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Issue ID: 109555
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Lineal ascendant of spouse

Date 17 Dec 2015
Replies 6 Replies
Views 27843 Views
Asked by
Lineal ascendant of spouse: gifts from a spouse's parents or grandparents may be exempt under income tax provisions.
The discussion concerns whether a gift to a wife from her maternal grandfather qualifies for the income tax exemption for gifts received from a "lineal ascendant of spouse." Commenters cite the gift provision and describe "lineal ascendant" as parents, grandparents and great grandparents of the spouse, but disagree on whether a maternal grandfather qualifies in the contested notice, with the tax department requesting explicit statutory clause citation. (AI Summary)

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

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