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LEGAL WORD

Assessment

Legal term · Tax law

Assessment

  • Type: Legal term
  • Area of law: Tax law

1 What it means

The process of determining a taxpayer's income and tax liability.

2 Use it in a sentence

The assessing officer reopened the assessment.

3 Make it stick

Write your own sentence using Assessment about a case or topic you are studying this week, then check it against the meaning above.

4 Related words

Ad valoremGSTInput tax creditRetrospective taxTax evasion

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