Section 2, Wealth-Tax Act, 1957 [S1E-C08]
As at 7 September 2026. In force from 3 May 1957.
2. Definitions.—In this Act, unless the context otherwise requires,— (a) "assessee" means a person by whom any tax or any other sum of money is payable under this Act; (b) "Board" means the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963); (c) "previous year" means the financial year immediately preceding the assessment year; (d) "Assessing Officer" means the officer vested with the relevant jurisdiction by virtue of directions or orders issued under this Act; (e) "total income" means the total amount of income referred to in section 5, computed in the manner laid down in this Act; (f) "tax" means income-tax chargeable under the provisions of this Act; (g) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (h) "prescribed" means prescribed by rules made under this Act.
Defined terms in this text (6)
assessee: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "assessee" means a person by whom any tax or any other sum of money is payable under this Act
assessee: 9 more definitions.
Assessing Officer: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "Assessing Officer" means the officer vested with the relevant jurisdiction by virtue of directions or orders issued under this Act
Assessing Officer: 8 more definitions.
Board: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "Board" means the Central Board of Direct Taxes constituted under the Central Boards of Revenue Act, 1963 (54 of 1963)
Board: 279 more definitions.
previous year: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "previous year" means the financial year immediately preceding the assessment year
previous year: 8 more definitions.
tax: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "tax" means income-tax chargeable under the provisions of this Act
tax: 3 more definitions.
total income: Section 2, Wealth-Tax Act, 1957 [S1EC08] (In this Act, unless the context otherwise requires,—): "total income" means the total amount of income referred to in section 5, computed in the manner laid down in this Act
total income: 3 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Rule 2, Wealth-Tax Act Rules, 1959 [S1F-KNW], 24 April 1959, Band A. " (2) Words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Not held (0)
none
Duties published under this section (0)
none