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of <h1>Clause 402 of Income Tax Bill 2025 Defines Key Terms for Tax Collection and Recovery Processes</h1> Clause 402 of the Income Tax Bill, 2025, outlines definitions for terms used in the chapter on tax collection and recovery. It defines key terms such as 'Administrator,' 'agricultural land,' 'authorised dealer,' and 'banking company,' among others. The clause also specifies the meaning of 'buyer' and 'seller' in various contexts, including the purchase and sale of goods, motor vehicles, and overseas tour packages. Additionally, it defines 'commission or brokerage,' 'electronic commerce,' and 'fees for technical services.' The clause further clarifies roles such as 'person responsible for paying' and 'professional services,' and includes definitions for 'rent,' 'royalty,' 'scrap,' and 'securities.'
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