TaxTMI 
TaxTMI 
Lineal ascendant of spouse - Gift category
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....ineal ascendant of spouse - Gift category<br> Query (Issue) Started By: - Arvind Ahluwalia Dated:- 12-5-2018 Last Reply Date:- 12-5-2018 Income Tax<br>Got 2 Replies<br>Income Tax<br>As per income tax ....
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....rule in Lineal ascendant of spouse category only parental side is consider or maternal side is also consider. Reply By Arvind Ahluwalia: The Reply: As per IT act 1961 under section 56(2)(vii) Relati....
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....ve includes,any lineal ascendant or descendant of the spouse of the individual; In this act whether lineal ascendant relating to maternal or paternal (both) side are to be considered or only paternal ....
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....side is to be considered. Kindly advise........... Thanks Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my view, according to the language used,both sides may be considered.<br> Discussion For....
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....um - Knowledge Sharing ....