Assessee and residential status

Posted by Unknown On Wednesday, June 12, 2013 0 comments



1. Who is assessee?
2. Who is liable to pay his return assessee?
3. Who is a person or institution who is liable to pay tax by the law?
4. What is the Physical status of assessee?
5. What is the Classification of assessee?
Ans:
Classification:
For individual:
1. Resident.
2. Non-resident.

6. What are the Effects of residential status?
Ans:
Effects of residential status:
1. Total income.
2. Tax rate.
3. Net tax liability
4. Tax rebate.

7. What are the Rights and obligation of assessee?
Ans:
Rights of an assessee:
1. General assessee.
2. Rights tender income tax ordinance.
Obiligation of an assessee:

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