https://www.taxtmi.com/acts?id=48767 Every person who was a director of a private company during the relevant tax year is jointly and severally liable for recovery of tax and related sums, unless the director proves non recovery cannot be attributed to gross neglect, misfeasance or breach of duty; "tax due" includes penalty, interest, fees and other sums payable under the Act. A transitional exception limits this rule on conversion to a public company for specified earlier tax years. en-us Fri, 14 Feb 2025 11:45:18 +0530 Thu, 20 Feb 2025 14:34:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48767 Every person who was a director of a private company during the relevant tax year is jointly and severally liable for recovery of tax and related sums, unless the director proves non recovery cannot be attributed to gross neglect, misfeasance or breach of duty; "tax due" includes penalty, interest, fees and other sums payable under the Act. A transitional exception limits this rule on conversion to a public company for specified earlier tax years. Act-Rules Bills Fri, 14 Feb 2025 11:45:18 +0530 https://www.taxtmi.com/acts?id=48767