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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┬а definition is crucial in determining the tax liabilities and responsibilities of various entities and individuals under the Act.

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