The term person is defined under section 2(31) of the Income Tax Act. There are seven categories covered under the term “Person”.This means -
- An Individual ( Salaried Person, Person who is a sole proprietor, Teacher etc.)
- HUF(Hindu Undivided Family)
- A Company (Winiin Taxscope Private Limited, Infosys Ltd.)
- A Firm
- An Association of persons(AOP) / Body of Individuals(BOI) , even without registration
- A Local Authority (Jaipur Development Authority)
- Every Artificial Judicial Person, not covered above