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.

[CAGOPALJI AGRAWAL]

To my view, it can not attach unless IT men lifts the corporate veil. 

[Medreich Limited]

Dear Sir,

 

Thanks for your comment.

AI Summary

Lifting the corporate veil permits seizure of a director's assets only when company-director separation is legally pierced. Personal property of a director is not ordinarily liable for corporate tax debts because of the company's separate legal personality; attachment of a director's assets arises only if authorities successfully lift the corporate veil or otherwise establish a legal basis to pierce that separation, thereby attributing the company's obligations to the director.