What is representative or deemed Assessee?

Representative Assessee There may be a case in which a person is liable to pay taxes for the income or losses incurred by a third party. Such a person is known as a representative assessee. Representatives come into the picture when the person liable for taxes is a non-resident, minor, or lunatic.

Table of Contents

Can parents be representative assessee?

Parents, guardians or a representative assessee has to apply on her behalf. The form to use is form 49A (which is the same one that adults also have to use). This has to be submitted along with identity proofs of the father or guardian; they will have to sign the form as well.

What is Authorised representative in ITR?

An Authorized representative is a person who is competent to act on your behalf with specific authorization if you are not be able to attend to their Income Tax related affairs on your own.

Is Karta of HUF a representative assessee?

The remuneration received by Karta as representative of HUF cannot be treated as income of the HUF. Remuneration will be income of HUF only when there is direct nexus between family funds and remuneration paid.

Is representative assessee mandatory?

Name and address of Representative Assessee This field will contain particulars of Representative Assessee. This field is mandatory if applicant is minor, deceased, idiot, lunatic or mentally retarded.

How do I register as a representative assessee?

Step 1: Log in to the e-filing website of the Income Tax Department. Step 2: Select Add / Register as Representative under ‘My Account’ Tab. Step 3: Under Request Type, click New Request and Select ‘Add another person to represent on your behalf’. Then click ‘Proceed’

Who are representative assessee?

A representative assessee is a person who acts as a legal representative of another person under the Income Tax Act. The law relating to representative assessees is available under Section 160 (1) (i) of the Income Tax Act.

Is representative assessee compulsory?

Who can be a tax representative?

Whilst the Tax Administration Act prescribes who the public officer there is nothing in the Tax Administration Act, the Income Tax Act or the Value- Added Tax Act that prescribes who the representative taxpayer must be. A tax practitioner or company director can therefore be a representative taxpayer.

How do I add a representative assessee?

Who can be a representative assessee?

Representative assessees are used while assessing a non-resident taxpayer under the provisions of Income Tax law. According to Section 163 of Income Tax Act, a Representative Assessee is a person who is employed as an agent on behalf of an NRI for the purposes of income tax assessment.

How do I become a representative assessee?

Appointment of a Representative Assessee Step 1: Log in to the e-filing website of the Income Tax Department. Step 2: Select Add / Register as Representative under ‘My Account’ Tab. Step 3: Under Request Type, click New Request and Select ‘Add another person to represent on your behalf’. Then click ‘Proceed’

Can a director be a tax representative?

How do I add a legal representative to my income tax?

Income Tax Department

Go to the ‘My Account’ menu located at upper-left side of the page > Click ‘Register as Representative’
Select the ‘Request Type’ as ‘New Request’ and Select the ‘Category to Register’ as ‘Deceased (Legal Heir)’ > Click ‘Proceed’ Provide the following details:
Click ‘Submit’.

Is representative assessee mandatory for minor PAN card?

Minor is a person who is below the age of 18 years. However, the minor cannot apply for a pan card directly. Parents, guardians or representative assessee’s of the minor can apply for PAN card. In case, where minor is made nominee in any investments such as stocks, real estate, mutual funds PAN card is mandatory.

Who can be Authorised representative in income tax?

As per the provisions stated in Section 288 of the Income Tax Act, 1961, more specifically Clause (i) of Sub-section (2), any family member, relative or employee of the income tax assessee in question can act as an authorised representative on his or her behalf.

Who can be a representative taxpayer?

A natural person who resides in the Republic. Paragraph 1 of the Fourth Schedule of the Income Tax Act No….58 of 1962 and section 46 of the Value Added Tax (VAT) Act refers to the following persons as representative taxpayers:

Treasurer.
Guardian.
Curator.
Public officer.
Accountant.
Tax Consultant.
Attorney.
Advocate.

How do I register an Authorised representative in income tax?

The following are the steps to add a representative assessee on the Income Tax portal.

Step 1: Log on to the website.
Step 2: Click ‘Login Here’
Step 3: Select Add/register as Representative.
Step 4: Click New Request.
Step 5: Click on Reason.
Step 6: Enter the details.
Step 7: Enter the PIN.

What is representative taxpayer?

The representative taxpayer, which includes a public officer, is a person who is responsible for paying tax on behalf of the taxpayer. Moreover, a representative taxpayer may be held liable for the tax liability of the taxpayer in a personal capacity.

Can a director be a representative?

A tax practitioner or company director can therefore be a representative taxpayer.

Who is an assessee under Income Tax Act 1961?

Each and every person who has been taxed in the previous years for income earned by him is treated as an Assessee under the Income Tax Act, 1961. An Assessee may be any individual liable to pay taxes for himself or to pay tax on behalf of somebody else.

What is a representative assessee under the Income Tax Act?

Section 160 (1) of Income Tax Act For the purposes of this Act, “representative assessee” means— (i) in respect of the income of a non-resident specified in sub-section (1) of section 9, the agent of the non-resident, including a person who is treated as an agent under section 163;

What is Section 164A of Income Tax Act 1961?

Section 164A – Charge of tax in case of oral trust- Income-tax Act, 1961 Section 164 – Charge of tax where share of beneficiaries unknown- Income-tax Act, 1961

What is Chapter XV of the Income Tax Act 1961?

Chapter XV (Sections 159 to 180A) of the Income Tax Act 1961 deals with the provisions related to liability in special cases. Section 160 of IT Act 1961 provides for Representative assessee.