What Do You Mean by Assessee?

Recently, my friend asked me what is assessee. I informed her that an assessee is a person or entity who is legally obligated to pay taxes to the government under the Income Tax Act, 1961. Additionally, an assessee is any individual for whom the assessment is made. Under the act, any action has been made to determine his income.

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Explain Assessee

An assessee can be an individual, a Hindu Undivided Family (HUF), a company, a firm, an association of persons (AOP), a body of individuals (BOI), a local authority, or any other artificial juridical person. The term broadly covers anyone whose income is subject to assessment by tax authorities, whether they owe tax, have refunds due, or even if their income is exempt.

1. An assessee includes not only those who are currently liable to pay tax but also those who may be assessed in the future, such as a deceased person’s legal representative or a minor’s guardian.

2. Additionally, the definition extends to persons from whom the tax department seeks to recover unpaid taxes, like a transferee of assets in certain cases.

3. The key aspect is that the Income Tax Department has the authority to evaluate (assess) the individual’s or entity’s income, deductions, and tax liability.

There are different types of assesses, such as:

1. Ordinary assesses (individual taxpayers)

2. Representative assesses (those who file returns on behalf of others), and 

3. Deemed assesses (persons treated as assesses under specific conditions).

I hope you found this helpful.

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What is Representative Assessee Meaning and Example?

How to Get Income Tax Assessment Order Online?

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

Under Section 2 (7) in the Income Tax Act of 1995 the term has been clearly defined. 

If a company gets registered under Companies act of 1956 and 2013, then they will be termed as Corporate Assessee.

வருமான 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.

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