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assessee

 

Definitions from the Web

Term: Assessee


Definition:

Assessee refers to a person or entity that is liable to pay taxes or is being assessed for taxation purposes.

Sense 1:

Noun (Legal): The individual or organization who is subjected to assessment or taxation.

Example Sentence: The assessee must provide accurate financial details to the tax authorities.

Related Products: Tax Planning Books

Sense 2:

Noun (Finance): The person or entity whose property or assets are being evaluated for taxation purposes.

Example Sentence: The real estate agent conducted a thorough assessment of the property to determine its value for the assessee.

Related Products: Property Valuation Tools

Sense 3:

Noun (Business): The party being audited or examined for financial record-keeping, usually by tax authorities.

Example Sentence: The tax auditor meticulously reviewed the accounts of the small business assessee.

Related Products: Financial Record-Keeping Software

Sense 4:

Adjective: Relating to or pertaining to the person or entity subject to assessment or taxation.

Example Sentence: The legal team provided counsel on assessable expenses for the assessee's upcoming tax return.

Related Products: Tax Deduction Guides

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