Does Son In Law comes under the definition of relative under sec 2(41) of IT Act.
3 Replies
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 25 October 2012
Definition of relative is given in sec 2(41) Of Companies Act,1956 and not in that of I.T Act ,1961.
yes , son in law will fall under that defintion of relative because the said sec provides that relative includes spouse of children of a person.
CA Manish
(Job)
(5264 Points)
Replied 25 October 2012
Sec 2 (41) of Income tax act
“relative”, in relation to an individual, means the husband, wife, brother or sister or any lineal ascendant or descendant of that individual ;
Therefore it does not include Son in law
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 25 October 2012
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