Definition of Person in Income tax Act 1961
In the Income Tax Act of 1961, the term “person” is defined in Section 2(31) as follows: “Person” includes – (i) an individual, (ii) a Hindu Undivided Family (HUF), (iii) a company, (iv) a firm, (v) an association of persons (AOP) or a body of individuals (BOI), (vi) a local authority, and (vii) every artificial … Read more