The assessee meaning in terms of Income Tax refers to a person who is liable to pay tax or any amount of money following the Income Tax Act of 1961. If you want to ask what do you mean by assessee, then in simple words it can be said that the person upon whom a payment is assessed is called an assessee. After knowing what is the meaning of assessee, you must also know the types of it, so here it goes:
There are 4 types of assessee
Normal Assessee: An individual who pays tax on behalf of themselves
Representative Assessee: A person who pays tax on behalf of someone else being the legal representative
Deemed Assessee: A person who pays tax on behalf of someone else as mandated by legal officials
Assessee in default: Someone who has failed to pay the tax within the given time duration
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Assessee Section where the term has been defined
Under Section 2 (7) in the Income Tax Act of 1995 the term has been clearly defined.
Which company will be called a Corporate Assessee?If a company gets registered under Companies act of 1956 and 2013, then they will be termed as Corporate Assessee.
Assessee meaning in Tamilவருமான வரி மதிப்பீட்டாளர் என்பது வருமான வரிச் சட்டம், 1961 இன் விதிகளின் கீழ் வரி அல்லது ஏதேனும் ஒரு தொகையைச் செலுத்தும் நபர். 'மதிப்பீட்டாளர்' என்ற சொல் அவரது வருமானத்திற்காக மதிப்பீடு செய்யப்பட்ட ஒவ்வொரு நபரின் வருமானத்தையும் உள்ளடக்கியது. மதிப்பிடக்கூடியது, அல்லது அவர் அடைந்த லாபம் மற்றும் இழப்பு
I hope this post has helped you to know the assessee meaning.
Read More:
How To Pay Self Assessment Tax Online?
How To Download Property Tax Receipt Online?
What Is Assessment Number In Property Tax?
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Authors Of The Question
What Do You Mean by Assessee?
Rishika
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2 Year
2022-04-16T14:48:38+00:00 2022-04-16T14:48:39+00:00Comment
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