Modified on : 6 May, 2018
Top

Definitions as per Section 2 of Income Tax Act

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, India, 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

Select TermDefinition as per Section 2

Our Popupar Content : You may like to View / Use / Download

Tax Rates
Income Tax Slabs AY 2019-20 Income Tax Slabs AY 2018-19
Income Tax : Other Rates TDS Rates : AY 2019-20
Tax Calculators
Income Tax AY 2018-19 (Individual/HUF) Income Tax AY 2018-19 (Non-Individual)
Income Tax AY 2019-20 (Individual/HUF) Income Tax AY 2019-20 (Non-Individual)
Advance Tax (Non-individual) Advance Tax (Individual/HUF)
Interest u/s 234 (Non-corporates) Interest u/s 234 (Corporates)
Maximise Tax Savings : AY 2019-20 TDS Calculator AY 2019-20
Presumptive Income Calculator Indexed Cost & LTCG w.e.f. 01.01.2018
LTCG on Securities AY 2019-20 Gold & Silver Assets Valuation
Income Tax Information
Deductions: Taxable Income Taxability of Allowances
Exempt Incomes Deductions: House Property Income
Taxability of Pensioners & Sr. Citizens Taxability of Retirement Benefits
PAN & PAN Card View 26AS
SBI Lending Rates ITR mode of filing and ITR forms
Income Tax : Non-Residents
Income Tax Slabs AY 2019-20 Income Tax Slabs AY 2018-19
Income Tax Calculator AY 2019-20 Income Tax Calculator AY 2018-19
Advance Tax Calculator TDS Rates : AY 2019-20
TDS Calculator : AY 2019-20 Residential Status
PPF and SSY
PPF Calculator Sukanya Samriddhi Yojana Calculator
Fillable Forms with formulas
Income Tax forms TDS forms
PAN and TAN forms CGAS 1988 forms
LIC forms Passport forms
Post Office forms RTO forms
SBI forms HDFC Bank forms
ICICI Bank forms Axis Bank forms
NPS forms Aadhaar Enrollment Form
Vat forms for various states EPF forms
Misc. Tools, Utilities and info
PO Small Savings Calculator Ramayana Prashnavali
Property Tax Delhi Calculator Forex Facilites for Residents