Tax Law Terms

Assessment Order

The tax authority's formal determination of a taxpayer's income/tax liability for a period.

In Simple Terms

The tax department's official decision on how much tax you actually owe.

Detailed Legal Meaning

An assessment order is passed by the tax authority after examining a taxpayer's return and supporting material (or, in a best-judgment assessment, in its absence), determining the taxable income or turnover and the resulting tax liability, and forms the basis for any subsequent demand, appeal, or recovery proceeding.

Relevant Acts & Sections

Related Terms