GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Section 2(7) of Income Tax Act, 1961
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Section 2(10) of Income Tax Act, 1961
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Section 2(24) of Income Tax Act, 1961
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Section 2(35) of Income Tax Act, 1961
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Detailed explanation-1: -(7) “assessee” means a person by whom income-tax or super-tax or any other sum of money is payable under this Act, and includes-
Detailed explanation-2: -Assessee (Section 2(7)) Assessee means a person by whom any tax or any other sum of money is payable under this Act.
Detailed explanation-3: -Definitions under Income Tax Act 1961 Section 2(19): ‘co-operative society’ means a co-operative society registered under the Co-operative Societies Act, 1912 (2 of 1912), or under any other law for the time being in force in any State for the registration of co-operative societies.
Detailed explanation-4: -An assessee is any individual who is liable to pay taxes to the government against any kind of income earned or any losses incurred by him for a particular assessment year. Each and every person who has been taxed in the previous years for income earned by him is treated as an Assessee under the Income Tax Act, 1961.