taxation

1. DISCOVER . LEARN . EMPOWER
UNIVERSITY INSTITUTE OF LEGAL STUDIES
SUBJECT : Principles of Taxation Laws
Topic: Assessee

2. 2
COURSE OUTCOME
Co
Number
Title Level
Co 1 The students will be able to exhibit sophisticated
knowledge related to tax accounting rules and
regulations
Understanding
Co 2 The students will be able analyze and resolve tax
problems
Analyzing
Co 3 The students will be able to identify and define with the
rules of tax, penalty and prosecution in case of default
Understanding
Co 4 The students will be able to understand the concept of
direct and indirect taxes, agricultural income and
incomes exempted from taxes
Understanding

3. ASSESSEE
(Section-2(7))
• Assessee means a person by whom any tax or any other sum of money
(interest or penalty) is payable under this Act and includes.
1. Every person in respect of whom any proceeding under the Income
Tax Act, 1961 is taken:
3
For assessment of his
own income or loss
For assessment of the
income or loss of any
other person in
respect of which he is
assessable
For assessment of
amount of refund due
to him or any other
person

4. 2. A person who is deemed to be an assessee under the provisions of the
Act.
Every person who is deemed to be an assessee in default under the
provisions of the Act.
4