While ITA 1961 did not expressly clarify whether the term covered maternal as well as paternal relatives, there are judicial precedents supporting the view that the expression includes both maternal and paternal lineal ascendants and descendants. For the full story, visit the source.
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What NRIs should know about gift received from grandparents
While ITA 1961 did not expressly clarify whether the term covered maternal as well as paternal relatives, there are judicial precedents supporting the view that the expression includes both maternal and paternal lineal ascendants and descendants.
By mint· Livemint· 1 day ago· 2 min read
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