https://www.taxtmi.com/acts?id=6582 Section 2 defines key terms for the Interest tax Act: assessee (including persons under assessment or deemed in default), "assessment" to include reassessment, and "assessment year" as the annual period from April first. It defines chargeable interest as the total interest computed as provided, characterises the Board, and cross references undefined terms to the Income tax Act. The provision categorises credit institutions and several types of financial company, and defines "interest" to include interest on loans and certain charges while excluding specified items. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 03 Mar 2009 13:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6582 Section 2 defines key terms for the Interest tax Act: assessee (including persons under assessment or deemed in default), "assessment" to include reassessment, and "assessment year" as the annual period from April first. It defines chargeable interest as the total interest computed as provided, characterises the Board, and cross references undefined terms to the Income tax Act. The provision categorises credit institutions and several types of financial company, and defines "interest" to include interest on loans and certain charges while excluding specified items. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6582