WebApr 22, 2024 · A Representative Assessee is a person who acts as a legal representative of another person under the Income Tax Act. Representative Assessees comes into the picture when the person liable to pay taxes is a non – resident, minor, a lunatic, or any other reason. ... Income Tax Act provides that every representative assessee shall be liable to ... WebSummary Assessment U/s 143(1) In this type of assessment, the information submitted by the assessee in his return of income is cross-checked against the information that the …
Who Is An Assessee? - Tax2win
WebEvery assessee is a person, and - A. every person is also an assessee B. every person need not be an assessee C. an individual is always an assessee D. A HUF is always an assessee 14. Describe the status of the following person (i.e. individual, HUF, Firm, … WebNov 16, 2015 · Self assessment under service tax. As per section 70 of finance act 1994,every assessee under service tax is required to himself assess his tax liability as per provision of law on the services provided and furnish the return in prescribed manner and form to the superintendent of central excise. But section 14 of central excise act, 1944 ... modality and diachronic construction grammar
MCQs on Basic Concept of Income Tax, Residential Status
WebJul 9, 2024 · REPRESENTATIVE ASSESSEE Its means that the third party pay the tax for the person as a agent. DEEMED ASSESSEE Its is an individual who is put in a position to pay taxes for some other person by the legal authority. The legal hier of the property of person is passed it then the elder son has legal rights to have the property. ASSESSEE … WebAs per Section 2(7), “Assesses” means a person (a) By whom any tax or other sum of money is payable (b) Against whom proceeding has been taken under the act (c) A person deemed to be assessee in default (d) All of the above Q20. A person includes . (a) Individual & HUF (b) Firm & Company (c) AOP/BOI, LA, Every AJP (d) All of the above. … WebMar 2, 2024 · In situations where the assessee (a person by whom any tax or any other sum of money is payable under IT Act, and includes deemed assessee) has adopted more than one period as the Previous in relation to the Assessment Year commencing on the 1 st day of April, 2024 for different sources of his income, the Previous Year in relation to the … moda little black dress 2 fabric