Who are assessing officers?

“Assessing Officer” (AO) means the Income-Tax Officer or Assistant Commissioner of Income-Tax or Deputy Commissioner of Income-Tax or Joint Commissioner of Income-Tax or Additional Commissioner of Income-Tax who is authorized by the Board to exercise or perform all or any of the powers and functions conferred on, or …

Who is an assessing officer and what are his powers?

An Assessing Officer is an income tax officer who has the power to make an assessment of a taxpayer who is liable to tax under the Act. The Assessing Officer appointed by the Central Board of Direct Tax to your return may vary depending on the size of your income/nature of your business (CBDT or Board).

What is the role of assessing officer?

An Assessing Officer is a person who has the jurisdiction (rights) to make assessment of an Assessee, who is liable under the Income-tax Act. An Assessing Officer is an individual person appointed by the Income-tax department. He performs all powers and functions as assigned to him under the Income-tax Act.

Who is an assessing officer as per income tax?

1. Who is an Assessing Officer (AO)? An Assessing Officer (AO) is an officer of the Income Tax Department who is responsible for ensuring correctness of Income Tax Returns filed by the taxpayers in his/her jurisdiction.

How do you become an assessing officer?

To become an income tax inspector, aspirants must appear for the SSC CGL examination. Staff Selection Commission conducts the combined graduate level (CGL) examination for the recruitment into various government departments. The appointment of income tax inspectors is also done via the SSC CGL examination.

What are the rights of assessing officer?

If the Assessing Officer has any reason to suspect that the taxable income of an assessee may have avoided assessment, then the Assessing Officer can exercise the right to carry out his or her powers of income assessment or re-assessment as per the provisions laid out under Section 147 through to Section 153.

What is the highest salary of income tax officer?

What is the highest salary of an income tax inspector? Ans. An income tax inspector gets a basic pay between INR 9,300 and 34,800 and grade pay of INR 4,600.

Which degree is best for income tax officer?

The basic eligibility requirement for the income tax exam, i.e. SSC CGL for is that the candidate should hold a Bachelor’s degree in any stream.

How can I become IRS officer?

IRS officers may enter into the IRS by passing the Civil Services Examination (CSE). The CSE is a three-stage competitive selection process consisting of a preliminary examination, a main examination, and an interview. It is administered by the Union Public Service Commission (UPSC).

Which power is not given to an assessing officer?

ASSESSING OFFICER IS HAVING NO POWER TO CONSIDER A NEW ISSUE IN A CASE REMANDED TO DECIDE SPECIFIC ISSUES. ASSESSING OFFICER IS HAVING NO POWER TO CONSIDER A NEW ISSUE IN A CASE REMANDED TO DECIDE SPECIFIC ISSUES. An assessee, aggrieved by an assessment order may file an appeal to Commissioner of Income Tax (appeal).

What is salary of assessing officer?

INR 15,600-39,100 + Grade Pay of 5,400. Income Tax Officer. INR 9,300-34,800 + Grade Pay of INR 4,800/INR 5,400. Income Tax Inspector.

What is the role of Assessing Officer (AO)?

Assessing Officer or AO is an individual officer appointed by Income Tax Department. An assessing Officer or AO is a person who has jurisdiction to make an assessment of an assessee or tax payer, who is liable to tax under the Act. His designation may vary according to the volume of income or nature of trade as assigned by the Board.

Who is an assessing officer under Income Tax Act?

An Assessing Officer is a person who has the jurisdiction (rights) to make assessment of an Assessee, who is liable under the Income-tax Act. An Assessing Officer is an individual person appointed by the Income-tax department. He performs all powers and functions as assigned to him under the Income-tax Act. The Assessing Officer includes:

What is the meaning of assessment?

This process of detailed examination of return of income is called ‘assessment’. An Individual officer of Income-tax department who is entrusted with this task of assessment is called as ‘Assessing Officer (AO)’ An AO is an income tax officer who has jurisdiction to make an assessment of a taxpayer (assessee) who is liable to tax under the Act.

What is the Know Your AO service?

The Know Your AO service is available to taxpayers (registered or unregistered with e-Filing) who have a valid PAN. This service allows you to view the details of the Jurisdictional Assessing Officer (AO) for a particular PAN. You do not need to login to e-Filing portal to avail this service.