Definition of the person in Income Tax Act 1961 | What is section 2(31) tell us?

Hi guys

This is Ravi Verma in this article I will tell you about the definition of a person in the income tax act

Let’s start

  • Who is a person in income tax act-1961.

In section 2(31) a person is

  1. An Individual:-
  2. A HUF
  3. A Company
  4. A Firm
  5. An AOP
  6. An BOA
  7. A Local authority
  8. every artificial juridicial person

All of them are called persons under the Income Tax Act.