Section 115WCentral Act

Section 115W: Definitions

The Income-tax Act, 1961

Definitions.

- In this Chapter, unless the context otherwise requires,-

(a)

"employer" means,-

(i)a company;

(ii)a firm;

(iii)[ an association of persons or a body of individuals, whether incorporated or not;] [ Substituted by Act 55 of 2005, Section 6, for sub-Clause (iii) (w.e.f. 1.4.2006).]

(iv)a local authority; and

(v)every artificial juridical person, not falling within any of the preceding sub-clauses:

[Provided that any person eligible for exemption under clause (23-C) of section 10 or registered under section 12-AA or a political party registered under section 29-A of the Representation of the People Act, 1951 (

43 of 1951

) shall not be deemed to be an employer for the purposes of this Chapter;] [ Inserted by Act 55 of 2005, Section 6 (w.e.f. 1.4.2006).]

(b)

"fringe benefit tax" or "tax" means the tax chargeable under section 115-WA.

B.-Basis of charge

Sec 115WA — Charge of fringe benefit tax

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