https://www.taxtmi.com/manuals?id=3913 Income-tax liability attaches to every person as defined under the statute (section 2(3) in the text), covering both natural and artificial entities. The definition of person includes Individual, Hindu Undivided Family, Association of Persons, Body of Individuals, Firms, LLPs, Companies, Local Authorities and any other artificial juridical person not otherwise classified, so that artificial entities as well as individuals are liable to pay income-tax. en-us Thu, 21 Dec 2023 13:25:00 +0530 Mon, 08 Jan 2024 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3913 Income-tax liability attaches to every person as defined under the statute (section 2(3) in the text), covering both natural and artificial entities. The definition of person includes Individual, Hindu Undivided Family, Association of Persons, Body of Individuals, Firms, LLPs, Companies, Local Authorities and any other artificial juridical person not otherwise classified, so that artificial entities as well as individuals are liable to pay income-tax. Manuals Income Tax Thu, 21 Dec 2023 13:25:00 +0530 https://www.taxtmi.com/manuals?id=3913