Definitions

In this Act, unless there is anything repugnant in the Subject or Context,— (a) “Prescribed” means prescribed by rules under this Act; (b) “total gross income” means aggregate of gross income derived from various professions, trades, callings and employments; (c) “previous year” means twelve months ending on the 31st March next proceeding the year of assessment; (d) “person” includes Hindu undivided family or an incorporated Company; (e) “assessing authority” means any person authorised by the Central Government to make any assessment under this Act.