Direct Taxes Code Bill, 2009: Key Definitions for Tax Terms, Business Structures, and Financial Concepts Explained.

The Direct Taxes Code Bill, 2009, outlines definitions relevant to tax legislation. It defines terms such as "absolute value," "accountant," "accrual," and "accumulated profits," among others. The bill details the meanings of various financial and business terms, including "actual cost," "advance-tax," "agreement," and "agricultural income." It also covers definitions related to business structures and reorganizations, like "amalgamated company," "amalgamation," and "demerger." Additionally, it addresses tax-related concepts such as "assessee," "assessment," "capital gains," and "income." The bill provides comprehensive definitions to ensure clarity in the application and interpretation of tax laws.

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