Assessee is defined in different tax laws in different manner. In general, an assessee is a person by whom a tax or any other sum of money is payable under the Act. Assessee includes:
- Every person in respect of whom any proceeding under a tax Act has been taken for the determination of tax payable by him or by any other person or the amount of refund due to him or such other person
- Every person who is deemed to be an assessee under the Act
- Every person who is deemed to be an assessee in default under the Act
- The term assessee is used in Income-Tax Act, 1961, Wealth Tax Act, 1957 etc.
- People or juristic persons who are not assessee's are called non-assessees. Example: Under the Wealth Tax Act, a firm, co-operative society, social club, political party, mutual fund specified under Section 10, a company solely engaged in transport business by ships etc. are non-assessees.
- An assessee would have to file return on income.
- Assessment Year