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of <h1>Partners face joint liability for firm's tax obligations under Section 188A including penalties and assessments</h1> Section 188A of the Income Tax Act, 1961 establishes joint and several liability for partners regarding firm tax obligations. Every person who was a partner during the previous year, including legal representatives of deceased partners, bears joint and several liability with the firm for tax, penalties, and other amounts payable for the relevant assessment year. All provisions of the Income Tax Act apply to assessment and imposition of such liabilities. This provision was inserted through the Direct Tax Laws Amendment Act, 1987, effective from April 1, 1989.
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