write short note:-
a)Person, b)Assessee, c)Deemed Assessee, D)Agricultural
Income
Answers were Sorted based on User's Feedback
Answer / himanshu
A person is any natinal of a articular country whether
liable to pay tax or not.
Assessee is the person who is liable to file the income tax
under IT act 1962.
Deemed Assessee is a person who is deemed to be an assessee
as per IT law and rules and who is now liable to file the
tax return.
Agricultural income is the income from farm sources which
carries certain conditions-
The cultivation to harvesting of a crop is considered as
agricultural crop in IT act and is exempt from tax.
The farm should be situated in the immediate vincity of
contonment board.
The income is fully exempt from tax
| Is This Answer Correct ? | 58 Yes | 18 No |
Answer / vikram
A)a person is one who has the nationality of the particular
country.
B)A person who files the I.T Return
| Is This Answer Correct ? | 42 Yes | 17 No |
Answer / lovely acharya
Person include Individual i.e Natural and artificial
both,HUF,Firm,Assosiation of person/Body of
Individual,Company,Local Authority,artificial judicial
person
Assesse is the person who is liable to pay tax under income
tax act 1961
Representative assessee is deemed assessee...Deemed
Assessee is the person who is liable to pay tax in the eyes
of IT law
Agricultural Income is the Income in which farmer is
getting income by cultivating crops from the land and that
Income is fully exempted by Income tax Act 1961
| Is This Answer Correct ? | 17 Yes | 4 No |
Answer / vija
The person who full fill both additional condition he is
called as assesee
| Is This Answer Correct ? | 15 Yes | 7 No |
Answer / prajakta
A - person
i) a person include individual means natural person. include male, female,even a minor or lunatic
ii) a HUF
iii) a company define u/s 2(17)
iv) a Firm distinct from its partner. firm also include Limited Liability partnership
v) a Body of individual or Association of person, whether incorporate or not.
vi) a Local Authority, like municipality, district board. etc
vii) an Artificial juridical person, any entity having seperate legal entity, not covered under any of the above category.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / kaustubh joshi
Person includes an individual..a hindu undivided family...a company..a firm..an association of person..a local authority..artificial judical person not falling within any of the preceding sub clauses
For the purpose of the clause, an asso. Of person..judical person..shall be deemed to be a person whether or not such person or body or authority or judicial person was formed or established or incorporated with the object of deriving income..profit n gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / deepak kumar gupta
ya its right and i agree with you and i hope this physical
competition continue and when this topic any every were
| Is This Answer Correct ? | 3 Yes | 9 No |
Sir, I am a B.Com graduate .I would like to know the options i can get if iam planning to go for a job. Kindly request you to help since i dont know what to do. Waiting for the reply. Thanking you
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