Some interesting Definitions in the Direct Taxes Code
8. “agreement” includes any arrangement or understanding or action in concert, whether or not such arrangement, understanding or action, is-
(a) in writing;
(b) formal; or
(c) intended to be enforceable by legal proceedings;
23. “assessee” means every person -
(a) who is required to file a return of his tax base;
(b) who files a return of his tax base, regardless of the fact that he is otherwise not required to do so;
(c) who is required to furnish any information or document under this Code;
(d) in respect of whom any proceeding under this Code has been initiated;
(e) by whom any tax, or any other sum of money, is payable under this Code;
(f) to whom any amount of refund is payable under this Code;
(g) who is deemed to be an assessee under any provision of this Code;or
(h) who is an assessee in default;
24. “assessee in default” means,-
(a) an assessee who has failed to fulfill his obligation under this Code and has consequently failed to make payment of any amount due from him to the Central Government; or
(b) an assessee who is deemed to be assessee in default under any provision of this Code;
40. “business” includes -
(a) any trade, commerce or manufacture;
(b) any adventure, or concern of that nature;
(c) any profession; and
(d) any vocation;
52. “child” in relation to an individual, includes a step-child and an adopted child of that individual;
63. “computer software” means-
(a) any computer programme recorded on any disc, tape, perforated media or other information storage device; or
(b) any customized electronic data or any product or service of similar nature, as may be notified by the Board;
102. “family” in relation to an individual, means-
(a) the spouse and children of the individual; and
(b) the parents, brothers or sisters of the individual, if mainly dependant on the individual;
126. “however” shall mean an alternative intention, or a contrast, with the previous section, sub-section, clause, sub-clause, item or phrase, as the case may be, and a modification of it under such circumstances as specified therein
141. “India” means-
(a) the territory of India as referred to in article 1 of the Constitution;
(b) its territorial waters, continental shelf, exclusive economic zone or any other maritime zone as defined in the Territorial Waters, Continental Shelf, Exclusive Economic Zone and Other Maritime Zones Act, 1976;
(c) the air space above its territory and territorial waters; or
(d) the seabed and the subsoil underlying the territorial waters;