Who is assessee

A person who is responsible to pay tax for the income or loss caused by a third party. It generally happens in case person liable for tax payment is a non-resident, minor, or lunatic.

They can not file tax by themselves. Therefore, It can either be an agent or guardian who need to comply with the rules on their behalf. Moreover, This category covers a person to pay taxes on behalf of any other person in specified circumstances.

When individuals fail to meet their statutory responsibilities of paying tax, then they become assessee in default. For example, an employer should deduct tax from the salary of his employees before giving the salary. Updated on : Oct 04, - PM. An income tax assessee is a person who pays tax or any sum of money under the provisions of the Income Tax Act, Now that you know who an assessee is, let us get deeper and understand the types of assessees as per the Income Tax Act:.

An individual who is liable to pay taxes for the income earned during a financial year is known as a normal assessee. Every individual who has earned any income earned or losses incurred during the previous financial years are liable to pay taxes to the government in the current financial year.

Say, Mr A is a salaried individual who has been paying taxes on time over the past 5 years. There may be a case in which a person is liable to pay taxes for the income or losses incurred by a third party.

Such a person is known as a representative assessee. Representatives come into the picture when the person liable for taxes is a non-resident, minor, or lunatic. Such people will not be able to file taxes by themselves. The provisions of Section 80U of the Income-tax Act are contradictory so long as a person of 18 years and above is mentally challenged and only source of income is interest earned from money deposited by parents for benefits of such mentally challenged person.

Is it necessary that to be called an assessee one should pay some amount to the income tax dept.? Save my name, email, and website in this browser for the next time I comment.

Representative Assessee A person may not be liable only for his own income or loss but he may also be liable for the income or loss of other persons e. Deemed Assessee i In case of a deceased person who dies after writing his will the executors of the property of deceased are deemed as assessee. Provided that when the date to which the accounts have been so made up does not fall between the setting up of the business, profession or vocation and the next following 31st day of March inclusive, it shall be deemed that there is no previous year for the said assessment year and the previous year which would otherwise have been determined according to the option exercised by the assessee shall be deemed to be the previous year for the next succeeding assessment year;.

Amendment Act, , w. Inserted as cl. Amendment Act, Act, , w.