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<h1>Direct Taxes Code 2010: Key Definitions for Taxation, Including Amalgamation, Assessee, and Capital Asset Explained</h1> The Direct Taxes Code, 2010, provides a comprehensive framework for taxation, defining key terms and concepts essential for its application. It includes definitions for terms such as 'absolute value,' 'accountant,' 'accrual,' and 'accumulated profits.' The Code outlines the meaning of 'amalgamation,' 'assessee,' 'business,' 'capital asset,' and 'dividend,' among others. It also addresses various entities like 'domestic company,' 'public company,' and 'venture capital company.' Additionally, it details tax-related terms such as 'advance tax,' 'arm's length price,' 'deduction of tax at source,' and 'tax bases,' ensuring clarity in tax administration and compliance.