<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Liability of partner of LLP in Liquidation [ Section 167C ]</title>
    <link>https://www.taxtmi.com/manuals?id=4533</link>
    <description>Where an LLP in liquidation cannot satisfy tax due for a relevant previous year, every person who was a partner at any time during that year is jointly and severally liable for payment of that tax unless he proves the non-recovery cannot be attributed to his gross neglect, misfeasance or breach of duty; &quot;tax due&quot; includes penalty, interest and other sums payable under the Income Tax law.</description>
    <language>en-us</language>
    <pubDate>Mon, 06 May 2024 14:53:00 +0530</pubDate>
    <lastBuildDate>Mon, 06 May 2024 14:53:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=752184" rel="self" type="application/rss+xml"/>
    <item>
      <title>Liability of partner of LLP in Liquidation [ Section 167C ]</title>
      <link>https://www.taxtmi.com/manuals?id=4533</link>
      <description>Where an LLP in liquidation cannot satisfy tax due for a relevant previous year, every person who was a partner at any time during that year is jointly and severally liable for payment of that tax unless he proves the non-recovery cannot be attributed to his gross neglect, misfeasance or breach of duty; &quot;tax due&quot; includes penalty, interest and other sums payable under the Income Tax law.</description>
      <category>Manuals</category>
      <law>Income Tax</law>
      <pubDate>Mon, 06 May 2024 14:53:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/manuals?id=4533</guid>
    </item>
  </channel>
</rss>