Section 115W - Definitions - Income-tax Act, 1961

1 [ Chapter XII-H Income-tax on Fringe Benefits A.-Meaning of certain expressions Definitions. 115W. In this Chapter, unless the context otherwise requires,- ( a ) employer means,- ( i ) a company; ( ii ) a firm; 2 [ ( iii ) an association of persons or a body of individuals, whether incorporated or not ;] ( iv ) a local authority; and ( v ) every artificial juridical person, not falling within any of the preceding sub-clauses: 3 [Provided that any person eligible for exemption under clause ( 23C ) of section 10 or registered under section 12AA or a political party registered under section 29A 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; ] ( b ) fringe benefit tax or tax means the tax chargeable under section 115WA. --------------------------- Notes :- 1. Chapter XII-H, consisting of sections 115W to 115WL, inserted by the Finance Act, 2005, w.e.f. 1-4-2006. 2. Substituted by the Taxation Laws (Amendment) Act, 2005, w.e.f. 1-4-2006. Prior to its substitution, sub-clause (iii), as inserted by the Finance Act, 2005, w.e.f. 1-4-2006, read as under : (iii) an association of persons or a body of individuals, whether incorporated or not, but excluding any fund or trust or institution eligible for exemption under clause (23C) of section 10 or registered under section 12AA; 3. Inserted by the Taxation Laws (Amendment) Act, 2005, w.e.f. 1-4-2006.