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.

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