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WHAT IS SEC 2(27) ASSESSEE ?

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  1. An assessee means a person by whom any tax or any other sum of money is payable under the Act. An assessee also includes the following: a. Person in respect of whom any proceeding under the Act has been taken for- -Assessment of his income, or - Determination of the loss sustained by him, or b. A deRead more

    An assessee means a person by whom any tax or any other sum of
    money is payable under the Act.
    An assessee also includes the following:
    a. Person in respect of whom any proceeding under the Act has been
    taken for-
    -Assessment of his income, or
    – Determination of the loss sustained by him, or
    b. A deemed assessee: Every person who is deemed to be an assessee under any provision of this
    Act. Example: A trustee of a trust is a representative assessee and is deemed to be an assessee.
    c. An Assessee in Default: Every person who is deemed to be an assessee in default under any
    provision of this Act i.e. an assessee who has failed to comply with any of the duties imposed
    upon him by the Income-tax Act. Example: As per Section 140A (3), if an assessee fails to pay
    the self-assessment tax in accordance with Section 140(1), then he shall be considered as
    ‘assessee in default’.

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