https://www.taxtmi.com/acts?id=48999 Clause 2 furnishes definitions central to the Income Tax Bill, 2025, specifying who qualifies as an assessee, the constituents of income (including perquisites, allowances, subsidies and capital gains), and the scope of capital asset and transfer. It also defines corporate reorganisations (amalgamation, demerger, slump sale), administrative offices and identification mechanisms (Assessing Officer, Tribunal, PAN), and modern categories such as virtual digital asset, with powers to adjust scope by notification. en-us Fri, 14 Feb 2025 15:54:54 +0530 Thu, 20 Feb 2025 11:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48999 Clause 2 furnishes definitions central to the Income Tax Bill, 2025, specifying who qualifies as an assessee, the constituents of income (including perquisites, allowances, subsidies and capital gains), and the scope of capital asset and transfer. It also defines corporate reorganisations (amalgamation, demerger, slump sale), administrative offices and identification mechanisms (Assessing Officer, Tribunal, PAN), and modern categories such as virtual digital asset, with powers to adjust scope by notification. Act-Rules Bills Fri, 14 Feb 2025 15:54:54 +0530 https://www.taxtmi.com/acts?id=48999