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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2014 Can father in law gift give money as gift to his son in law,


Further what is meaning of linealy ascedent and decendent in sec 56 of income tax act, 1962
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
04 August 2014 lineal descendent means daughters and sons, their grand kids etc..ascendents means parents, grand parents and so on...

son-in-law is covered under spouse of lineal descendent...

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