ueflnlLlons under Lhe AcL

orLanL ueflnlLlons
W SecLlon 2 of ncoe 1ax AcL 1961 dlscusses
abouL Lhe deflnlLlons of varlous Lers and
exresslons
W 1hese deflnlLlons gulde ln aklng declslons
Assessee SecLlon 2 (7)
W Assessee eans a erson by who any Lax or any oLher
su of oney ls ayable under Lhls AcL
W L lncludes every erson ln resecL of who any
roceedlng has been Laken for Lhe assessenL of hls
lncoe or assessenL of frlnge beneflLs
W SoeLles a erson becoes assessable ln resecL of
Lhe lncoe of soe oLher ersons
W n such a case also he ay be consldered as an assessee
W 1hls Ler also lncludes every erson who ls deeed Lo be
an assessee or an assessee ln defaulL under any rovlslon
of Lhls AcL
ASSLSSMLn1 SecLlon 2(9)
W 1hls ls Lhe rocedure by whlch Lhe lncoe of
an assessee ls deLerlned by Lhe Assesslng
Cfflcer
W L ay be by way of a noral assessenL or
by way of reassessenL of an lncoe
revlously assessed
9L8SCn SecLlon 2(31)
W 1he deflnlLlon of 'assessee' leads us Lo Lhe
deflnlLlon of 'erson' as Lhe forer ls closely
connecLed wlLh Lhe laLLer
W 1he Ler 'erson' ls lorLanL fro anoLher
olnL of vlew also vlz Lhe charge of lncoe
Lax ls on every 'erson'
9erson ncludes
a an lndlvldual
b a Plndu undlvlded lally (Pul)
c a coany
d a flr
e an AC9 or a 8C wheLher lncororaLed or noL
f a local auLhorlLy and
g every arLlflclal [urldlcal erson eg an ldol or
delLy
nCCML SecLlon 2(24)
W 1hls deflnlLlon ls lncluslve and noL exhausLlve
W 1hus lL glves scoe Lo lnclude ore lLes ln Lhe deflnlLlon
of lncoe as clrcusLances ay warranL
W AL resenL Lhe followlng lLes of recelLs are lncluded ln
lncoe
(1) 9roflLs and galns
(2) ulvldends
(3) volunLary conLrlbuLlons recelved by a
LrusL/lnsLlLuLlon creaLed wholly or arLly for
charlLable or rellglous uroses or by an
assoclaLlon or lnsLlLuLlon referred Lo ln
secLlon 10(21) or secLlon (23C)(lllad)/(lllae)/(lv)/(v)/(vl)/(vla)