TaxTMI 
TaxTMI 
Definitions
X X X X Extracts X X X X
X X X X Extracts X X X X
....on 37A;] (d) "Bench" means a Bench of the Appellate Tribunal;" (e) "capital account transaction" means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, and includes transactions referred to in sub-section (3) of section 6;" (f) "Chairperson" means the Chairperson of the Appellate Tribunal;" (g) "chartered accountant" shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949);" ^2[(gg) "Competent Authority'' means the Authority appointed by the Central Government under sub-....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n Indian currency;" (n) "foreign exchange" means foreign currency and includes,-" (i) deposits, credits and balances payable in any foreign currency," (ii) drafts, travellers cheques, letters of credit or bills of exchange, expressed or drawn in Indian currency but payable in any foreign currency," (iii) drafts, travellers cheques, letters of credit or bills of exchange drawn by banks, institutions or persons outside India, but payable in Indian currency;" (o) "foreign security" means any security, in the form of shares, stocks, bonds, debentures or any other instrument denominated or expressed in foreign currency and includes securities expressed in foreign currency, but where redemption or any ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....who has gone out of India or who stays outside India, in either case-" (a) for or on taking up employment outside India, or (b) for carrying on outside India a business or vocation out-side India, or (c) for any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period; (B) a person who has come to or stays in India, in either case, otherwise than-" (a) for or on taking up employment in India, or (b) for carrying on in India a business or vocation in India, or (c) for any other purpose, in such circumstances as would indicate his intention to stay in India for an uncertain period; (ii) any person or body corporate....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Unit Trust of India Act, 1963^[5] (52 of 1963) or of any mutual fund and includes certificates of title to securities, but does not include bills of exchange or promissory notes other than Government promissory notes or any other instruments which may be notified by the Reserve Bank as security for the purposes of this Act;" (zb) "service" means service of any description which is made available to potential users and includes the provision of facilities in connection with banking, financing, insurance, medical assistance, legal assistance, chit fund, real estate, transport, processing, supply of electrical or other energy, boarding or lodging or both, entertainment, amusement or the purveying of news or other information, but doe....