Assessment year The term has been defined under section 2(9). This means a period of 12 months commencing on 1st April every year. The year in which income is earned in the previous year and such income is taxable in …
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“Assessee” means a person by whom any tax or any other sum of money is payable under this Act. In addition, it includes – Every person in respect of whom any proceeding under this Act has been taken for the …
If the HUF is resident, then the status of the Karta determines whether it is resident and ordinarily resident or resident but not ordinarily resident. • If the karta is resident and ordinarily resident, then the HUF is resident and …