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      Question

      Under which section of the Income Tax Act, 1961, is the

      term "person" defined?
      A Section 2(1) Correct Answer Incorrect Answer
      B Section 2(31) Correct Answer Incorrect Answer
      C Section 2(42A) Correct Answer Incorrect Answer
      D Section 2(47) Correct Answer Incorrect Answer

      Solution

      The term "person" is defined under Section 2(31) of the Income Tax Act, 1961. This definition is crucial in determining the tax liabilities and responsibilities of various entities and individuals under the Act.

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