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of <h1>Section 167C: LLP Partners Jointly Liable for Unpaid Taxes Unless Proving No Neglect or Misconduct</h1> Clause 58 of the Finance (No. 2) Bill, 2009, introduces section 167C to the Income-tax Act, effective from April 1, 2010. This section stipulates that if a limited liability partnership (LLP) cannot pay its due taxes for any previous year, all individuals who were partners during that year are jointly and severally liable for the tax payment. However, partners can avoid liability if they demonstrate that the tax non-recovery is not due to their gross neglect, misfeasance, or breach of duty concerning the LLP's affairs. This provision applies from the assessment year 2010-2011 onwards.
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