Income Tax Expert Question:

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What is the term person?

Income Tax Expert Interview Question
Income Tax Expert Interview Question

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.

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