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What is Understanding Assessee and Defaults about?

1. An assessee is an individual or entity that is liable to pay taxes under the Income Tax Act of 1961. This includes individuals who have been taxed in previous years based on their income. 2. Dividend and deemed dividend refers to any distribution of profits or assets by a company to its shareholders. Deemed dividend is income treated as dividend despite not being formally distributed, such as certain loans to shareholders. 3. Assessment year refers to the year following the previous year in which inco

Author

chaitali yadav

Language

EN