Knowee
Questions
Features
Study Tools

Who among the following cannot be an 'assessee'?  Answer areaA fictional characterA deceased person's legal representativeA minorA non-resident Indian

Question

Who among the following cannot be an 'assessee'?

  • A fictional character
  • A deceased person's legal representative
  • A minor
  • A non-resident Indian
🧐 Not the exact question you are looking for?Go ask a question

Solution

A fictional character cannot be an 'assessee'. This is because an assessee, according to tax laws, refers to a person who is liable to pay taxes to the government. This person can be an individual, a company, a firm, an association of persons (AOP) or a body of individuals (BOI), a Hindu undivided family (HUF), etc.

A deceased person's legal representative, a minor, and a non-resident Indian can all be assessees.

  1. A deceased person's legal representative: Even after a person's death, their income earned until their death is taxable. The legal representative of the deceased person is responsible for paying any tax due.

  2. A minor: A minor's income is clubbed with the income of their parent/guardian and is taxable. Therefore, a minor can be an assessee.

  3. A non-resident Indian: Non-resident Indians are liable to pay tax in India on their income earned in India. Therefore, they can be assessees.

On the other hand, a fictional character cannot be an assessee because they do not exist in reality and therefore cannot earn income or pay taxes.

This problem has been solved

Similar Questions

Fill in the blank with the correct determiner.Mrs. Sharma is Drag Your Answer most learned person I have met.

A person who take as proceedings against the accused on the behalf of the state is the __________.A.judgeB.lawyerC.plantiffD.prosecutor

The members in the Appellate Board shall be appointed by the consultation with the Chief Justice of IndiaOptionsCMPresidentMLAPM

_____helped to resolve issue of non performing assetsa.Lok adalatb.Civil Courtc.Tribunald.All of the aboveClear my choice

Identify at least one category of clients who would benefit from being referred to a local accountant.

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.