Personal property of director of Publica company is liabe?

[Medreich Limited]

Dear Expert Whether Income Tax Department can attach any personal property of Director of Public Limited Company for tax due from the Company.

AI Summary

Can a Director's Personal Property Be Seized for Company Tax Debts? Exploring Corporate Veil Implications. A discussion was initiated by a company questioning whether the Income Tax Department can attach the personal property of a director of a public limited company for tax dues owed by the company. An expert responded, stating that the personal property cannot be attached unless the corporate veil is lifted. The company acknowledged the expert's response, indicating appreciation for the clarification provided in the forum.