The term person as per Income Tax law is defined to include: -

1)       An Individual. e.g. Mr. A or Mr. B.

2)       A Hindu Undivided Family. e.g. Mr. A (HUF) or Mr. B (HUF).

3)       A Company. e.g. XYZ Pvt. Ltd. Or ABC Ltd.

4)       A Partnership firm. e.g. M/s ABC or M/s XYZ and Co.

5)       An Association of persons or a body of Individuals, whether incorporated or not. e.g. ABC Sangh or XYZ Dal.

6)       A Local Authority. e.g. Pune Municipal Corporation or PCMC Municipal Corporation.

7)       Every Artificial Juridical persons not falling within any of the above categories. (Residual Category).