TaxTMI 
TaxTMI 
TaxTMI 
INCOME TAX - OTHER SOURCES
GANAPATHY PADMANABHA SARMA
WHAT IS THE MEANING OF LINEAL ASCENDANT AND LINEAL DESCENDANT REFERRED IN SECTION 56(2) OF THE I.T.ACT IN THE TERM RELATIVE?
Clarification on 'Lineal Ascendant' and 'Lineal Descendant' in Section 56(2) of Income Tax Act: No Degree Restriction on Relatives A query was raised regarding the definition of 'lineal ascendant' and 'lineal descendant' in the context of Section 56(2) of the Income Tax Act, specifically concerning the term 'relative.' The response clarified that lineal ascendants include parents, grandparents, and great-grandparents, while lineal descendants encompass children, grandchildren, and great-grandchildren. There is no restriction on the degree of the relationship, meaning relatives of any degree, such as third or fourth, qualify under this definition. (AI Summary)