Everything in the law is described, but it is also complicated. But let us try to understand it as simply as possible. According to the Income Tax Act of 1961, which is still in force in our country, a person can be defined as an individual, a Hindu undivided family, a company, a firm, AOP and BOI, a local authority, or an artificial juridical person. An individual can be anyone, including you or me. A HUF is a unit of measurement for all people who share a common ancestor. A Persons Association is the joining of two or more people for a common purpose. Only Individuals can join the body of Individuals. Download this PPT to learn more about the subject.

Sajaykumar Yesodharan

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