Section 2. Definitions

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

(a) "Gold Bonds" means the Gold Bonds, 1998, issued by the Central Government in accordance with the scheme framed by that Government under section 3;

(b) "subscriber" means an individual, a Hindu undivided family, trustees of a trust, a firm or a company, being a resident or residents in India, who has or have initially subscribed to the Gold Bonds.

Explanation.-- For the purposes of this clause, the expression "individual" shall also include,--

(i) his legal heirs; or

(ii) where a partition has taken place among the members of the Hindu undivided family, every member of such family having a share in the Gold Bonds;

(c) all other words and expressions used in this Act but not defined and defined in the Income-tax Act, 1961 (43 of 1961) shall have the meanings respectively assigned to them in that Act.