INCOME TAX - OTHER SOURCES

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..... WHAT IS THE MEANING OF LINEAL ASCENDANT AND LINEAL DESCENDANT REFERRED IN SECTION 56(2) OF THE I.T.ACT IN THE TERM RELATIVE? - Reply By Surender Gupta - The Reply = Lineal ascendant include father .....

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..... , mother, grandfather and grandmother, great grandfather and great grandmother and so on. Similarly, the lineal descendant children, grand children, great grand children and their children as well. .....

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..... No limitation as to the degree of relationship is prescribed so that a lineal ascendant or descendant of not only first and second degree but also third and fourth degree and so on will also qualify .....

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..... as a relative - INCOME TAX - OTHER SOURCES - Query Started By: - GANAPATHY PADMANABHA SARMA Dated:- 23-11-2010 Other Topics - Got 1 Reply - Indian Laws - Discussion Forum - Knowledge Sharing, repl .....

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..... y post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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