Interested to Buy Any Domain ? << Click Here >> for more details...
write short note:-
a)Person, b)Assessee, c)Deemed Assessee, D)Agricultural
Income
- 7 Answers
- 51633 Views
- I also Faced
- E-Mail Answers
Answer Posted / himanshu
A person is any natinal of a articular country whether
liable to pay tax or not.
Assessee is the person who is liable to file the income tax
under IT act 1962.
Deemed Assessee is a person who is deemed to be an assessee
as per IT law and rules and who is now liable to file the
tax return.
Agricultural income is the income from farm sources which
carries certain conditions-
The cultivation to harvesting of a crop is considered as
agricultural crop in IT act and is exempt from tax.
The farm should be situated in the immediate vincity of
contonment board.
The income is fully exempt from tax
| Is This Answer Correct ? | 58 Yes | 18 No |
Post New Answer View All Answers
What do you know about NIACL?
Suppose to top five gainers on BSE same company can loser on NSE?
What is PIN?
Explain debt service coverage ratio.
Tell about current five year plan and newly formed NITI Aayog?
Explain debt equity ratio.
what are your strengths & weekness ?
What do you mean by return on capital employed? What does it indicate?
What Is Atm Banking (automated Teller Machine)?
What are the advantages and the disadvantages of equity finance and debt finance to a company raising finance and investors?
Hi, I am interested in group exams but i dont know much about this, please tell me in brief about how many group exams are there, what is the difference in them. What is APPSC and UPSC exams. How and when to apply for all these exams.
What Entry Will Be Passed for Writing Off the Discount On Issue of Shares?
These days Mutual Funds are common in the market. What do you know about them?
What is DMAT Account?
What is the full form of NABARD and its role?
