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What is Understanding Assessee and Income Tax about?

1. The document defines key terms related to income tax in India such as assessee, assessment year, company, income, residential status, and principal officer. 2. An assessee is a person liable to pay tax under the Income Tax Act of 1961. Assessment year refers to the 12-month period for which an individual

Author

Anurag Saxena Netizen

Language

EN