Person Definition In Income Tax

Huf company firm association of persons aop or body of individuals whether incorporated or not local authority and.
Person definition in income tax. Further also we under stand the term in more one by one 1. Definition of income inder income tax section 2 24 income deemed to be received in india under income tax act. Income under income tax act. All human beings including minor and unsound mind.
The definition of assessee leads us to the definition of person as the former is closely connected with the latter. Definition of person u s 2 31 of the income tax act 1961. Section 7 incomes which accrue or arise in india or are deemed to accrue or arise in india section 9. Definition of person.
Individual means natural person you and me i e. Now we begin with the understanding types of person as per income tax as person section 2 31 of income tax act which define this are the pillars of income tax act taxability based on the box under which you are falling. The term person includes. For the purpose of charging income tax the term person under section 2 31 of income tax includes individual hindu undivided families hufs association of persons aops body of individuals bois firms llps companies local authority and any artificial juridical person.
The term person is important from another point of view also viz the charge of income tax is on every person.