1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 167C: LLP Partners Jointly Liable for Unpaid Taxes During Liquidation Unless Non-Recovery Isn't Their Fault.</h1> Section 167C, inserted into the Income-tax Act by the Finance (No. 2) Act, 2009, effective from April 1, 2010, addresses the tax liabilities of partners in a limited liability partnership (LLP) in liquidation. It stipulates that if a tax due from an LLP or any person previously an LLP cannot be recovered, each partner during the relevant year is jointly and severally liable for the tax payment. This liability is contingent unless the partner can demonstrate that the non-recovery is not due to their gross neglect, misfeasance, or breach of duty concerning the LLP's affairs.
TaxTMI 
TaxTMI 
