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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 179 of Income-tax Act: Directors of liquidated private companies liable for unpaid taxes to boost recovery efforts.</h1> Section 179 of the Income-tax Act, 1961 holds directors of private limited companies jointly and severally liable for unpaid taxes if the company goes into liquidation and tax arrears cannot be recovered. Due to significant outstanding tax arrears from liquidated companies, the Board emphasizes the need for more vigorous and frequent application of this provision to facilitate tax recovery.
TaxTMI 
TaxTMI 
