DEFINITION OF RELATIVE FOR SEC 40(A) 2b

[manoj gupta]

Pls. tell what is the definition of relative for section 40 (A)2b of the Income Tax Act. Under what section/rule/provision it has been given.

[CAGOPALJI AGRAWAL]

Dear Manoj

You may get the full reply at the following link

http://www.knowledgebible.com/forum/showthread.php/2104-Specified-persons-in-case-of-individual-assessee-for-the-purpose-of-Sec.-40A(2)

 

[Guest]

as per sec 40 (A) 2b , it meant any relative of the assessee . the meaning of relative for the purpose will be as defined in sec 2 (41)

AI Summary

Definition of relative for section 40A(2)(b) tax disallowance references the section 2(41) statutory meaning. Definition of relative for the purpose of disallowance under Section 40A(2)(b) is to be read by reference to the statutory definition of relative; the term for applying the disallowance provision must be taken as defined in the statute rather than by a broader test.