IT act 1961 under section 56(2)(vii)
As per IT act 1961under section 56(2)(vii)
Relative includes ,any lineal ascendant or descendant of the spouse of the individual;
In this act whether lineal ascendant relating to maternal or paternal side are to be considered or only paternal side is to be considered.
Kindly advise
R's
Arvind
Debate on Income Tax Act 1961, Section 56(2)(vii): Does 'lineal ascendant' include maternal and paternal sides or only paternal? A discussion on the interpretation of the Income Tax Act 1961, section 56(2)(vii), focuses on whether 'lineal ascendant' includes both maternal and paternal sides or only the paternal side. One participant suggests it refers to the paternal side only, while another points out that the term 'spouse' implies both sides could be included. The original inquirer seeks confirmation on whether the maternal side of the spouse is also considered under this section, repeatedly requesting clarification from other participants. (AI Summary)
Income Tax