Relative comparative definition Under Various Acts

 

Introduction:

The various Acts with regard to the definition of a relative. A comparative analysis has been done among the definitions provided under:

·         Companies Act, 2013

·         Income Tax Act, 1961

·         Accounting Standards

·         Goods & Service Tax Tax Act, 2017

 

 Analysis:

Comparative chart of the definition of a relative under above mentioned acts is as under:

S. No.	Relative	Companies Act	Income Tax Act		Accounting Standard		GST
		2(77)	·         2(41)	56(2)(vii)	AS -18	Ind AS -24
1	Husband/ Wife/ Spouse	Covered	Covered	Covered	Covered	Covered	Covered
2	Father	Covered	Covered (Lineal Ascendant)	Covered (Lineal Ascendant)	Covered	Not Covered	Covered (If dependent)
3	Step Father	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
4	Mother	Covered	Covered (Lineal Ascendant)	Covered (Lineal Ascendant)	Covered	Not Covered	Covered (If dependent)
5	Step Mother	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
6	Son	Covered	Covered (Lineal Descendant)	Covered (Lineal Descendant)	Covered	Not Covered	Covered
7	Step Son	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
8	Daughter	Covered	Covered (Lineal Descendant)	Covered (Lineal Descendant)	Covered	Not Covered	Covered
9	Step Daughter	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
10	Brother	Covered	Covered	Covered	Covered	Not Covered	Covered (If dependent)
11	Step Brother	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
12	Sister	Covered	Covered	Covered	Covered	Not Covered	Covered (If dependent)
13	Step Sister	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
14	Son’s Wife	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
15	Daughter’s Husband	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
16	Member of a HUF	Covered	Not Covered	Not Covered	Not Covered	Not Covered	Not Covered
17	Grandson	Not Covered	Covered (Lineal Descendant)	Covered (Lineal Descendant)	Not Covered	Not Covered	Not Covered
18	Grand Daughter	Not Covered	Covered (Lineal Descendant)	Covered (Lineal Descendant)	Not Covered	Not Covered	Not Covered
19	Grand Father	Not Covered	Covered (Lineal Ascendant)	Covered (Lineal Ascendant)	Not Covered	Not Covered	Not Covered
20	Grand Mother	Not Covered	Covered (Lineal Ascendant)	Covered (Lineal Ascendant)	Not Covered	Not Covered	Not Covered
21	Liner Ascendant/ Descendant of Spouse (Including their Spouse)	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
22	Spouse’s Brother/Sister	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
23	Spouse of Liner Ascendant	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
24	Spouse of Liner Descendant	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
25	Spouse of Spouse’s Brother/ Sister	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
26	Spouse of Brother/ Sister of the Individual	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
27	Parent’s Brother Sister	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
28	Spouse of parent’s Brother Sister	Not Covered	Not Covered	Covered	Not Covered	Not Covered	Not Covered
29	Dependent of Individual/ Spouse	Not Covered	Not Covered	Not Covered	Not Covered	Covered	Not Covered