Interest-Tax Act, 1974

Section - 2 - Definitions

Definitions.

2. In this Act, unless the context otherwise requires,—

(1) "assessee" means a person by whom interest-tax, or any other sum of money is payable under this Act and includes—

(a) every person in respect of whom any proceeding under this Act has been taken for the assessment of his chargeable interest or of the amount of refund due to him or of the chargeable interest of any other person in respect of which he is assessable or of the amount of refund due to such other person;

(b) every person who is deemed to be an assessee in default under any provision of this Act;

(2) "assessment" includes reassessment;

(3) "assessment year" means the period of twelve months commencing on the 1st day of April, every year;

(4) "Board" means the Central .... To read the full section download the app from Google Play store