Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Partners in LLPs are jointly liable for unpaid taxes under Section 167C, unless exempt by proving no gross neglect.</h1> Under Section 167C, if a limited liability partnership (LLP) is unable to pay taxes due for any previous year, each partner during that period is jointly and severally liable for the tax payment. This includes penalties, interest, or any other payable sums. However, a partner can avoid liability by proving that the non-recovery of taxes is not due to their gross neglect, misfeasance, or breach of duty concerning the LLP's affairs. This provision applies regardless of the stipulations in the Limited Liability Partnership Act, 2008.