Is Assessee a Person?
An Income Tax Assessee Is a Person Who Pays Tax or Any Sum of Money Under the Provisions of the Income Tax Act, 1961. the Term 'Assessee' Covers Everyone Who...
An income tax assessee is a person who pays tax or any sum of money under the provisions of the Income Tax Act, 1961. The term 'assessee' covers everyone who has been assessed for his income, the income of another person for which he is assessable, or the profit and loss he has sustained.
Is every assessee is a person?
An assessee is any individual who is liable to pay taxes to the government against any kind of income earned or any losses incurred by him for a particular assessment year. Each and every person who has been taxed in the previous years for income earned by him is treated as an Assessee under the Income Tax Act, 1961.
Who is a person in tax?
For the purpose of charging Income-tax, the term 'person', under Section 2(31) of Income Tax, includes Individual, Hindu Undivided Families [HUFs], Association of Persons [AOPs], Body of individuals [BOIs], Firms, LLPs, Companies, Local authority and any artificial juridical person.
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