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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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