Income Tax Expert Question: Download Income Tax Expert PDF
What is 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.
| Previous Question | Next Question |
| Do you know what is reserves and surpluses? | Tell me what do you mean by fair rent? |