Assessee Meaning : It means a person who pay tax as per the provisions of income tax act . And then, any person who is liable to pay tax to the govt. is called assessee under income tax act. In addition,tax is paid against income earned by the person in the particular assessment year.
Further ,the person who has been taxed under income tax act is an assessee .In brief, the person who paid tax in previous year for their income is called an assessee.
As per the section 2(7) of income tax act assessee means:
It means a person by whom any tax or other some of money is payable under this act and also includes :-
- every person who is deemed to be an assessee under any provision this act;
2. Further, every person who is deemed to be an assessee in default under any provision this act;
3. Besides, every person in respect of whom any proceeding under this Act is taken for the assessment of his i income or fringe benefits or for the assessment of the income of any other person in respect of whom he is assessable, or for loss sustained by him, shall other person, or the amount of refund payable to him or such other person
Type of assessee under income tax act
As per the income tax act there are different type of assessee are as follows:
- Normal
- Deemed
- Representative
- Assessee in default
Who is person and how many type of persons under income tax act??
Person under income tax act comprises a natural as well as artificial person. Further as per section 2(31) of income tax act “Person” is an association of person,body of individual, or local authority or an artificial judicial person , whether or not such person or body or authority or judicial person was formed or established or incorporated with object of driving income or profits or gains. And person includes following:
- An individual
- HUF (Hindu Undivided Family)
- AOP (Artificial Judicial Person)
- BOI (Body of Individual)
- Partnership firm
- Company
- Artificial Judicial authority
- Lastly, Local authority etc.
Frequently asked questions:
Who is assessee??
It means a person who pay tax as per the provisions of income tax act.
Who is person under income tax act??
Person under income tax act comprises a natural as well as artificial person.
