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Archive for the 'Taxation - Useful and Important Definitions' Category

Important Definitions of Taxation

Assessee
Income Tax Act 1961 (Act no. 43) defines ‘assessee’ as a person by whom any tax or any other sum of money is payable under this Act, and includes -
* Every person in respect of whom any proceeding under this Act has been taken for the assessment of his income or of the income [...]

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