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What is the meaning of Assessee as per Income Tax Act, 1961

This term is widely used in the provisions of Income Tax Act, 1961 and defined in Section 2(7). The Act defined this term as a Person who has to pay or payable Tax or any other sum of money under this Act. It includes every person whose proceedings are taken for the assessment of his Income or assessment of fringe benefits. In some other cases a person is considered for Assessment in respect of the income of some other persons. In such cases also he will be considered as an Assessee. This term also includes every person who is deemed to be an assessee or an assessee in default under any provision of this Act.

is the founder of AccountsGuy.Net with the view of providing Accounting and Technical support using Accounting package Tally ERP 9, and Office Tools to the people. I write articles on Accounts, Blogging, Computer Operating, and technical issues and some of my experiences on them for students, beginners. Follow our Networks or sing-up for the email newsletter below for your daily dose of Tips and Tricks.
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