Amendment status not verified — confirm the current text below against the official source.
In this Act unless there is anything repugnant in the munitions. subject or context,—- - 2 (a) “assessing authority” in a particular area means the Superintendent referred to in section 6 exercising Jurisdxctlon m that area; (b) ”assessee” means a person by whom tax is payable under the provisions of this Act; (e) ”assessment year” means the period of twelve months commencmg on the lst day of April every year; (d) ”person” includes a company, firm or other association of persons, Hindu Undivided Family or a Joint Family; (e) ”prescribed” means prescribed by rules made under this Act; (f) for the purposes of- this Act "previous year” means:— _(i) the twelve months ending on 3lst ’March [imme- diately preceding the assessment year; or " (ii) if the accounts of the assessee have been made ‘upto—date within the said period of twelve months .then at the option of the assessee the twelve months ending on such~d~ate 2’ Provided that-if this option‘has once been exercised ‘by the .assessee, it shalltnot (again be exercised except ,with the consent of the Commissioner or such other officers as may be authorised by h'rn in this behalf, and upon such conditions as Com— mi’ssioner or such other officer may think fit, or -(iii) in the case of any person or business or class of :-persons orwbusiness not falling within sub-clauses (i) .or (ii) suchperiod as may be determined by the Commissioner or by an authority authorised by the Commissioner in this behalf; (g) “principal officer” means With reference to,— ('1) a Government, the head of an office or the disbursing officer; ‘ (ii) a-1oca1 authority, company, firm or other association of persons, the Chairman, Secretary, Treasurer, Manager, or Agent of. such local authority, company. firm or. other associati‘on of, persons; (h) "“total gross income” means aggregate of income derived nfrom all sources ,by a person in respect of his profession, -:trade,.ca11ing or employment, but shall not include overtime wages, pension, local allowances, sumptuary allowances, medical allowance, allowances for house ‘- , rent. conveyance, travelling or such other allowances of com ensatory nature as may be specified by the State .' overnment by a notification in, the Official Gazette. 3 CHAPTER i1 LIABILITY To AND CHARGE OF TAX _