What is meaning of Corporate Assessee & Non Corporate
Assessee? Corporate Market & Non Corporate Market?
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Answer Posted / h.r. sreepada bhagi
Under Income Tax Act., Companies registered under the
Companies Act, are called corporate assessees and all others
(Individuals, Trusts, Firms, NGOs, Charitable Institutions,
etc) are called Non-Corporate assessees.
Corporation also means company, so in other words, corporate
assessee means company assessee.
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