1.

Define The Term Person?

Answer»

A “person” MEANS an individual, an ordinary PARTNERSHIP, a non-juristic BODY of person and an UNDIVIDED estate. The TERM "person" under the Income Tax Act includes an individual, a Hindu Undivided Family, a Company, a Firm, an Association of Persons, a Local Authority and Artificial Juridical persons.

A “person” means an individual, an ordinary partnership, a non-juristic body of person and an undivided estate. The term "person" under the Income Tax Act includes an individual, a Hindu Undivided Family, a Company, a Firm, an Association of Persons, a Local Authority and Artificial Juridical persons.



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