Meaning of assessee
WebNov 15, 2024 · It is the tax that is collected by the Central Government for each financial year levied on the total taxable income of an assessee during the previous year. 2. Assessee As per Income Tax Act 1961 section 2 (7), an assessee is a person who is liable to pay the taxes under any provision of the Income Tax Act 1961. WebJan 5, 2024 · In the present case, the assessee is a HUF who received the gift from a non-relative. The Id-authorized representative also could not show us any commentary on Hindu law or any other authoritative material, which says that mother of Karta of assessee HUF, is member of his HUF.
Meaning of assessee
Did you know?
Webassessee. noun [ C ] uk / ə.sesˈiː / us / ə.sesˈiː /. a person or group that is being assessed (= judged), especially in order to decide how much tax they must pay: The form must be … WebApr 13, 2024 · The annual income of the employee and any other forms of income as claimed by the employee. The employer then must calculate the TDS, keeping in mind the deductions, reliefs, and tax payable by the employee. As a thumb rule, an amount equal to one-twelfth of the net tax liability must be deducted as TDS from the employee’s salary …
WebMar 31, 2024 · Assessee means any person (i.e., Individual, HUF, Firm, Company, AOP/BOI, etc.), who are liable to pay any Tax or any other sum of money (i.e., penalty or interest) …
http://taxpage.in/section-27-meaning-assessee.html WebThe Ld. Assessing Officer on the basis of material available on record including reply of the assessee, pass an order, with the prior approval of specified authority, within one month from the end of the month in which the reply of the assessee. Check 06: The Assessing Officer to pass a detailed order considering the reply of the Assessee.
Web2 days ago · According to the said clause (a), “eligible assessee” means: An individual, HUF or firm Who is resident and Who has not claimed deduction under sections 10A, 10AA, 10B, 10BA of the Act or deduction under any provisions of Chapter VIA of the Act under the heading “C-Deductions in respect of certain incomes”.
WebMar 30, 2016 · Section 144C (15)(b) of the Act defines an “eligible assessee” to mean (i) any person in whose case the variation referred to in sub-section (1) arises as a consequence of the order of the Transfer Pricing Officer passed under section 92CA(3); and (ii) … hoechst historyWebtransitive verb. 1. : to determine the rate or amount of (something, such as a tax, charge, or fine) 2. a. : to impose (something, such as a tax) according to an established rate. b. : to … hoechst fluorescent dyeWebDec 31, 2024 · An assessee is a person or an entity that is responsible for filing and paying taxes as per the laws set by a governing body. Assessees are normally classified into two … hoechst fluorescence spectraWebDefinitions and Meaning of assessee in English assesseenoun a person (or property) that is assessed SHABDKOSH Apps English Bengali Dictionary for Android English Bengali Dictionary for iOS Shabdkosh Premium Ad-free experience & much more Learn More Recent Search History See and manage history Articles Tips to improve your spellings 31 Aug 2024 htown hand symbolWebApr 15, 2024 · Further, as per the Stamps and Registration Act, the title and interest in the property will not transfer to the buyer unless such transfer is by way of a deed, as held by the Hon’ble Apex Court. Further, with regard to multiple deductions claimed in respect of investment in same property, reliance is placed on ACIT v. Mahinder Kumar 84 ... htownhaulingWebnoun Something or someone that is assessed. Wiktionary Advertisement Other Word Forms of Assessee Noun Singular: assessee Plural: assessees Origin of Assessee assess + -ee … hoechst flow cytometryWebOct 6, 2024 · a person who is deemed to be an assessee; a person who is deemed to be an assessee in default under any provision of the Act. The above definition is in accordance with the Income Tax Act, 1961. Now we discuss the above definition with proper explanation. Normal Assessee Let’s take an example. Mr. X is an individual. hoechst germany map