Assessee

This query is : Resolved 

16 June 2011 What do you mean by Assessee in Income Tax Act.

If a person is having a exempt income and file a Nil return so whether is he assessee.

Thanks

16 June 2011 Sec.2(7) defining the Assessee under Income tax. 'person by whom any tax or any other sum of money is payable under the act

My view Even Nil return or exempted income all calculated as per based on Income tax act only. so even person filing nil return or having exempted income also assessee only under the act

17 June 2011 I have agreed with the view expressed by the Ramesh Krishnan.

Thanks,
CA M Sreenivasa Rao
R&S Associates


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