GENERAL KNOWLEDGE

Detailed explanation-1: -A person may not have his own assessable income but may still be an assessee. For example, an assessee, who has earned an income of Rs. 1, 45, 000 in a previous year, fails to deduct the tax at source on salary paid by him, which he was required to do under the Act, shall be deemed to be an assessee in default.

Detailed explanation-2: -If a person is not liable to pay taxes as his income does not qualify for taxes, he is not considered as Assessee. Hence, Assessee is always a person, but a person may or may not be an assessee.

Detailed explanation-3: -An individual who pays tax for the total income earned during a financial year or the loss incurred by him. Also, if any person is liable to pay any interest or penalty to the government or entitled to get any refund under the act is considered normal assessee.

Detailed explanation-4: -Any person whose interest is being talked about is referred as assessee In simple words, if you are filing a return of any person, then that person will be called assessee by the Income Tax Department, not you.

Detailed explanation-5: -An Assessee is a person who pays a certain amount to the government as tax in a financial year. This is as per the Income Tax Act of 1961. It includes: The person who had done an assessment of his income or the income of any other person, or the loss sustained / the amount of refund by him or by another person.