GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Any person who has made default in complying with the provisions of Income Tax Act, 1961 is known as
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Custom Assessee
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Assessee in default
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Deemed Assessee
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None of the above
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Explanation:
Detailed explanation-1: -An Assessee-in-default is an individual who has failed to fulfill his legal duty of paying tax to the government. An employer is deemed to be an Assessee in default if he fails to submit the TDS deducted by him to the government.
Detailed explanation-2: -i) In case of a deceased person who dies after writing his will the executors of the property of deceased are deemed as assessee. ii) In case a person dies intestate (without writing his will) his eldest son or other legal heirs are deemed as assessee.
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