Relative confusion
S M (4 Points)
24 March 2023.
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.
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what's the meaning of lineal ascendant or descendant?
CA Rakesh Ishi
(Working at Private Company)
(8200 Points)
Replied 24 March 2023
Yes, great grandfather, grandson, and great grandson would generally be considered relatives of an individual in the context of income tax. This is because they are all lineal ascendants or descendants of the individual, as they are all related in an ascending or descending line.
A lineal ascendant is a person who is related to the taxpayer in an ascending line, such as a parent or grandparent. A lineal descendant is a person who is related to the taxpayer in a descending line, such as a child or grandchild.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)