INCOME IN INCOME-TAX ACT, 1961 4 a which, but beneficiary, for such payment, would have been payable by the ay sum ch a section 28 or section 4 ga eat® 9, eelaX under clauses (il) and i) of (va) any sum (0) any sia chargeable sncometax under clause (ia) of section 28 to (ve) any sum le-tax Under clause (ib) of section 28; aes aia elo ncomear unlercowes ey of section 28 section 28; it or perquisite taxable under Clause (iv) of (ve) any sum chargeable to tax under cl 2 () any capital gains Oa Be ia () of section 28; (vi) the Profits and gains of any business i coolants con ad re 88, POP=rave. society, compared ic by virtue of provisions contained eee such profits and gains of insurance carried on by a etting of any form or nature whatsoever, Explanation. —For the purposes of this sub-clause — lottery’ includes oaks from prizes awarded to any person by draw of or by Rhanee or in’any other manner whatsoever, under any scheme or ke nent by whatever name called; ¢ ii) ‘card game and of sort’ includes any game show, an i oat epee eee in which people te to win prizes or any other similar game. ‘any_sum received by the assessee from his employees as «ost buon 6 ty RBA eee eae ea "Dunder the provisions of the Employees’ State Insurance Act, 1948 or any ccther fund for the welfare of such employees; \s- any sum received under a keyman insurance policy including the sum allocated by way of bonus on such policy. LE, Xf ‘ion.—"Keyman insurance licy’ means a life insurance pe bien ‘on the life of another pea is or was the employee of the first mentioned person or is or was connected in any manner whatsoever with the business of the first mentioned person.” (xii) any sum referred to in clause (va) of section 235 : (xii) any sum referred to in clause (.) of sub-section (2) of section 56; (civ) any sum referred to in clause (vi) of sub-section (2) of section 56; ( ct of (b) of the income (or loss) of any other person in 4 whom he is assessable; or iN 7 {9 of ihe amount of refund due to him or to such other person. (3) Third category ; Every person who is deme to be en oe deemed to be an 2: For instance, a representative assessee is de to be an assessee 4 of Section 160(2) (4) Fourth category’: Every person who is deemed to be an. a person does not pay advance tax, then he shall be deemed to assessee in default. Person According to section 2(31), ‘person’ includes : () an individual, (i) a Hindu undivided family, (ii) accompany, (iv) afirm, (i) an association of persons ora body of individuals, whether ir ‘or not, allocal authority, and every artificial juridical person, not falling within any of the sub-dlauses. Era —For the purpose of this clause, an association of per body of individuals or a local authority or an artificial q deemed to be a person, whether or not such person or bover a ete person was formed or established or incorporated with the object of d income, profits or gains. (wi). tit)