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How an Individual considered as Assessee as per Income Tax Act, 1961


The term Individual means a natural person either he is male or female. And even a minor or an unsound minded person is also considered as Individual. In such a case the Assessment has to be made as per the Section 161(1) of Income Tax Act, 1961 on the Guardian or Manager of the Minor or Lunatic. In the case of Deceased Person, assessment would be made on the Legal Representative of that person.

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