Definitions : Income Tax

This page gives Definition and meaning of various terms as per Section 2 of Income Tax Act in a user friendly format. Definitions of following terms have been given on the page

• Advance Tax, Agricultural income, Amalgamation, Additional Commissioner, Additional Director, Annual value, Appellate Tribunal, Approved gratuity fund, Assessee, Assessing Officer, Assessment, Assessment year, Assistant Commissioner, Assistant Director, Average rate of income-tax
• Block of assets, Board, Books or books of account, Business, Business trust
• Capital asset, Charitable purpose, Chief Commissioner, Child, Commissioner, Commissioner (Appeals), Company, Company in which the public are substantially interested, Co-operative society
• Deputy Commissioner, Demerger, Demerged company, Deputy Commissioner (Appeals), Director, Manager and Managing Agent, Director General or Director, Dividend, Domestic company, Document
• Electoral trust
• Fair market value, Firm, Partner and Partnership, Foreign company, Fringe benefits
• Hearing
• Income, Income-tax Officer, in India, in Indian company, Infrastructure capital company, Infrastructure capital fund, Inspector of Income-tax, Interest, Interest on securities, Insurer
• Joint Commissioner, Joint Director
• Legal representative, Long-term capital asset, Long-term capital gain
• Manufacture, Maximum marginal rate
• National Tax Tribunal, Non-resident
• Person, Person who has a substantial interest in the company, Prescribed, Previous year, Principal Chief Commissioner of Income-tax, Principal Commissioner of Income-tax, Principal Director of Income-tax, Principal Director General of Income-tax, Principal officer, Profession, Public sector company, Public servant
• Rate or rates in force, Recognised provident fund, Regular assessment, Relative, Resulting company, Resident
• Short-term capital asset, Short-term capital gain, Slump sale
• Tax, Tax credit certificate, Tax Recovery Officer, Total income, Transfer
• Zero coupon bond

View Definition of various terms as per Section 2 Income Tax Act