TaxTMI Login
Just a moment...
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>Individuals Responsible for Company Offences Under Income Tax Act Held Liable Unless Due Diligence Proven</h1> Where a company commits an offence under the Income Tax Act, every person responsible for the company's business conduct at the time is deemed guilty and liable for punishment unless they prove the offence occurred without their knowledge or despite exercising due diligence. If the offence is committed with the consent, connivance, or neglect of any director, manager, secretary, or officer, that individual is also deemed guilty and liable. When the offence attracts imprisonment and fine, the company is punished with a fine, and the responsible individuals are prosecuted under the Act. The term 'company' includes bodies corporate, firms, and associations, while 'director' refers to partners in firms or members controlling associations.
TaxTMI 
TaxTMI 
