tax assessment

tax assessment
A schedule issued by the Board of Inland Revenue showing a calculation of a taxpayer's liability to income tax. The income sources are identified separately on the tax assessment and an individual could receive several tax assessments for each fiscal year, depending on the number of different sources of income for the year. These assessments can be based on estimated figures, in which case the schedule is known as an estimated assessment

Accounting dictionary. 2014.

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  • tax assessment — ➔ assessment * * * tax assessment UK US noun [C or U] TAX ► ASSESSMENT(Cf. ↑assessment) …   Financial and business terms

  • tax assessment — / tæks əˌsesmənt/ noun a calculation by a tax inspector of the amount of tax a person owes …   Dictionary of banking and finance

  • tax assessment — noun the value set on taxable property • Hypernyms: ↑assessment …   Useful english dictionary

  • tax assessment — noun the value set on taxable property …   Wiktionary

  • Income Tax Assessment Act 1936 — is an act of the Parliament of Australia. It s one of the main statutes under which income tax is calculated. The act is gradually being rewritten into the Income Tax Assessment Act 1997, and new matters are generally now added to the 1997… …   Wikipedia

  • Income Tax Assessment Act 1997 — is an act of the Parliament of Australia. It s one of the main statutes under which income tax is calculated. The act is a rewrite in plain English of the prior Income Tax Assessment Act 1936. New matters are now generally added to the 1997 act… …   Wikipedia

  • assessment — as‧sess‧ment [əˈsesmənt] noun 1. [countable, uncountable] a judgement that you make about a person or situation after considering all the information: • They will have to make an assessment of the services required to meet the health needs of the …   Financial and business terms

  • assessment — I (estimation) noun aestimatio, appraisal, appraisement, calculation, determination, estimate, measure, mensuration, rating, reckoning, survey, valuation associated concepts: assessment of damages II (levy) noun amount assessed as …   Law dictionary

  • Tax investigation — is an in depth investigation processed by tax authority in order to recover tax undercharged in previous years of assessment. It means that the taxpayer is suspected regarding to tax evasion, or just by random sampling. Reasons * Taxpayer fails… …   Wikipedia

  • abatement of tax assessment — The relief granted against an assessment for illegality or irregularity in the imposition of the tax or, under some statutes, because of the impoverishment of the taxpayer. 51 Am J1st Tax §§ 743 et seq …   Ballentine's law dictionary

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