Neccessary/Important Definitions Of Tax For CA | CS

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Download CA CS Some Important Income Tax Definitions From The Links Given Below:

SERVER 1 : Click Here To Download CA CS Some Important Income Tax Definitions  

SERVER 2 : Click Here To Download CA CS Some Important Income Tax Definitions    

Details Of CA CS Some Important Income Tax Definitions

Assessee(Section 2(7):- Assessee means a person by whom any tax or any other sum of

money is payable under this Act includes:-

(a). Every person in respect of whom any proceedings under this Act has been taken for

the assessment of his income of assessment of fringe benefits or the income of any other

person in respect of which he is assessable, or the loss sustained by him or by such other

person, or of the amount of refund due to him or to such other person.

(b). every person who is deemed to be an assessee under any other provision of this Act.

(c). every person who is deemed to be an assessee in default under any provision of this

Act.

Assessee is the very important term under the income tax Act and whole the taxation Act

is depend on the assessee because assessee is the person who is contributing the money to

the Government in the form of Tax. See if there is no assessee then what is the need of

formulating the income tax Act and what is the need for you and all of us to study this

subject.

Here the assessee means and includes the persons who are paying or liable to pay tax,

interest or penalty to the Government. The other persons who are not liable to pay any

sum to the government as such but against whom any proceeding under the income tax is

taken or persons who are in default of following any provisions of income tax Act or the

persons who is eligible for any refund from the department.

Here see the person who has defaulted in deducting the Tax while making payment to

other person then he will be an assessee in default though he has nothing to pay to the

Government as income Tax.

To Get Complete Document Download CA CS  Some Important Income Tax Definitions  From the Links Given Above.

Meanwhile You Can Also Check Out :

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4. Download Amendments In TAX - Direct & Indirect Tax by Finance Act 2014 - Applicable For 2015 Exams

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