Half brother
This query is : Resolved
23 January 2010
Does the term "Brother" in Income Tax Act includes Half brother?
If we receive gift from a half brother, is it exempt or taxable?
If we receive gift from a half brother, is it exempt or taxable?
23 January 2010
What is half brother?????
23 January 2010
half-brother - a brother who has only one parent in common with you
for eg: A - father, B-1st wife, C-2nd wife
x-B's son, y-C's son
z-B's son.
for x- z is brother and y is halfbrother
for eg: A - father, B-1st wife, C-2nd wife
x-B's son, y-C's son
z-B's son.
for x- z is brother and y is halfbrother
23 January 2010
there is no terminology for half brother in income tax or any other act, theexample given by you, y is step brother not half brother.
23 January 2010
half-brother - a brother who has only one parent in common with you
http://www.thefreedictionary.com/half-brother
This is a definition for half-brother (online dictionary).
Now tell me,Income tax act does not contain any word like half-brother...
I want to know whether a half-brother comes under Brother definition under Income tax act in relation to Gift to Relative
http://www.thefreedictionary.com/half-brother
This is a definition for half-brother (online dictionary).
Now tell me,Income tax act does not contain any word like half-brother...
I want to know whether a half-brother comes under Brother definition under Income tax act in relation to Gift to Relative
23 January 2010
As per definition in Companies act son includes step son but for brother there is no exemption to step brother.
So likewise in income tax act there is no such word as half brother or step brother in IT Act. Since one of the parents is common you should have a winning case in my view.
Others view are also invited.
So likewise in income tax act there is no such word as half brother or step brother in IT Act. Since one of the parents is common you should have a winning case in my view.
Others view are also invited.
14 February 2010
Since there is one parent common it should fall in the defination of brother.
Message likes :
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15 February 2010
Is there any case law or circular available for this????
i thank you for the reply....
i thank you for the reply....
04 March 2010
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