; to impose a tax upon (a person, an estate, or an income) according to a rate or apportionment. As the name suggests, under this category assessee acts as representative for the persons who may be able to pay their taxes due to some reasons. A person who is not only liable to pay taxes for his income or loss only but for income or loss of other persons also. The aggrieved petitioner/assessee preferred T.C (A) No. To apportion a sum to be paid by (a person, a community, or an estate), in the nature of a tax, fine, etc. As per S.2(9) of the Income Tax Act, 1961, unless the context otherwise requires, the term ‘assessment year’ means the period of twelve months commencing on the 1st day of April every year. Define assessee. The others should either be let out or, even if they are not actually rented out, they will be deemed to be properties that have been let out. Section 2(7) of Income Tax: Assessee (Normal/ Representative/ Deemed/ Defaulter Assessee) – Meaning Jan 1, 2020 Income Tax Act 1961 KEWAL GARG As per S. 2(7) of the Income Tax Act, 1961, unless the context otherwise requires, the term “assessee” means a person by whom any tax or any other sum of money is payable under this Act, and includes,- a) Meaning of Assessment Year: Section 2(9) Income Tax. 3709 of 1997 before the Tamil Nadu Taxation Special Tribunal, Chennai. Assess definition Verb. assessee synonyms, assessee pronunciation, assessee translation, English dictionary definition of assessee. Who is Liable to Pay Income Tax – Meaning & Types of Assessee [Section 2 (7)] It means a person covered by any one of the following categories – 1. Representative Assessee. In State of Tamil Nadu v. Mohamed Sulaiman & Co. 1980 (46) STC 151 (SC), the assessee filed an appeal against an order passed by the assessing authority on the ground that the order was not preceded by a pre-assessment notice and, therefore, it was invalid. The “Assessee” may be any person who is liable to pay taxes on the income earned by him or pay taxes on behalf of any other person. Tamil Vocabulary, Transliterations, Meanings in Online Tamil Dictionary To value; to make a valuation or official estimate of for the purpose of taxation. Section 160 of IT Act, 1961 provides that a non-resident, a minor, etc. Meaning of 'assessee' in Tamil - 'English to Tamil' Dictionary with meanings in english for tamil words. Regular/Normal Assessee GST Sales - Nil Rated, Exempt, SEZ, Other Territory, Deemed Export, Consumer, Consignee Sales, and Works Contract Once you activate GST in your company, you can record a variety of sales transactions (outward supply) such as sales to other territory and SEZ, sales to foreign tourists, nil rated and exempt sales, deemed export, and so on, using a sales voucher. Meaning of ‘representative assessee’ : Section 160(1)(i) defines the expression “representative assessee‟ for all purposes of assessment to income -tax to mean the agent of a non-resident in respect of the income of the non-resident which is deemed to accrue or arise to him in India under section 9(1) of the Income-tax Act, 1961. According to income tax rules, if you own more than one residential property, only one of those can be considered to be self-occupied.