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Noun1.assessee - a person (or property) that is assessed
individual, mortal, person, somebody, someone, soul - a human being; "there was too much for one person to do"
References in periodicals archive ?
If you have made capital gains from sale of land used for agricultural purposes (by the assessee or his/her parents) for at least two years before the transfer date, the money can be invested in any land for agriculture.
The government proposes to allot the Document Identification Number (DIN) an income tax authority is required to allot a computer generated DIN on or after July 1, 2011, before issue of every notice, order, letter or any correspondence to any other income tax authority or assessee," said Minister of State for Finance S S Palanimanickam to the Lok Sabha today.
An assessee has been allowed to reduce his ushr liability by one-third if land was irrigated by tubewells and by one-fourth if irrigated by other means.
The definition of safe harbour rule provided in section 92CB means circumstances in which the Income-tax Authority shall accept the transfer price declared by the assessee.
Section 245 of the Income-tax Act mandates prior intimation to the assessee before any adjustment of refund is made towards a pending demand of any other assessment year.
v) For income tax purposes, the total income of the assessee from all sources, i.
As it stands, the new ITR forms, including the ITR- 1 and ITR- 2, require an assessee to furnish the number of bank accounts held by the individual at any time ( including opened/ closed) during the previous year with the last balance in the account on March 31 of the just- concluded fiscal.
The assessee not only admitted the said additional income but also furnished the post dated cheques of Rs.
If the assessee has received the money, he would have knowledge of the facts and if he does not give credible evidence to the tax department, an adverse inference would be drawn against him.
Moreover, section 6(2) of the zakat and ushr ordinance provides that an assessee is entitled to reduce to allow, for possible over estimation in assessment, one third of ushr due in other cases".
The assessee will also have to furnish the name of the bank, account number/ numbers, its address, IFSC code and any possible joint account holder.
An assessee invites an adjudication on all the questions arising out of that return.
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