Question:medium
According to the Income Tax Act, 1961, an Assessee in default is a person who:
According to the Income Tax Act, 1961, an Assessee in default is a person who:
Show Hint
Regular compliance with tax rules avoids penalties and ensures smooth operations
Updated On: Feb 11, 2026
- Is deemed to be an assessee for some other person
- A person who has failed to fulfill statutory obligations as per the Income Tax Act
- Is the person liable to pay income tax during an assessment year
- Is the person by whom any tax or other sum of money is payable under this Act
Show Solution
The Correct Option is B
Solution and Explanation
An 'Assessee in Default,' as per Section 201 of the Income Tax Act, is a person or entity that fails to deduct or deposit tax at source, or to comply with other statutory requirements. For example, an employer failing to deduct or deposit TDS on salaries is an assessee in default.
Was this answer helpful?
0
Top Questions on Income Tax Law and Accounts
- Which of the following statements is incorrect?
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
Match List-I with List-II:
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
- Which of the following is not a part of the Circular flow of Income in a closed economy?
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
- Which of the following statements are true? (A) Agricultural income earned in India is exempted from tax
(B) Scheme of partial integration is available for individual, HUF, AOP, BOI or artificial judicial person
(C) For partial integration, net agricultural income of the individual assessee during the previous year should not exceed Rs. 5000
(D) For partial integration, non-agricultural taxable income should exceed the exemption limit
- CUET (PG) - 2025
- Commerce
- Income Tax Law and Accounts
- Want to practice more? Try solving extra ecology questions todayView All Questions