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Simple English definitions for legal terms
assessee
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A quick definition of assessee:
Term: ASSESSEE
Definition: An assessee is someone who has to pay a certain amount of money that has been determined by an authority or organization.
A more thorough explanation:
Definition: An assessee is a person or entity who is liable to pay a tax or assessment to the government.
Examples:
- Individuals who earn income are considered as an assessee and are required to pay income tax to the government.
- Businesses are also considered as an assessee and are required to pay various taxes such as sales tax, excise tax, and corporate tax.
The examples illustrate that an assessee is a person or entity who is responsible for paying taxes or assessments to the government. It is important to note that an assessee can be an individual or a business, and the type of tax or assessment they are required to pay will depend on their income or business activities.