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write short note:-
a)Person, b)Assessee, c)Deemed Assessee, D)Agricultural
Income
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Answer Posted / 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 |
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