Liability of person in respect of income included in income of another person.

Liability of person in respect of income included in income of another person. https://www.taxtmi.com/acts?id=49098 Where income of a person other than the assessee arising from any asset, or income from membership of a firm, is included in the assessee's total income, the person in whose name the asset stands shall be liable to pay the portion of tax attributable to that included income upon service of a notice of demand; jointly held assets attract joint and several liability and Chapter XIX-D collection provisions apply. en-us Fri, 14 Feb 2025 16:50:10 +0530 Fri, 14 Feb 2025 16:50:10 +0530 TaxTMI RSS Generator Liability of person in respect of income included in income of another person. https://www.taxtmi.com/acts?id=49098 Where income of a person other than the assessee arising from any asset, or income from membership of a firm, is included in the assessee's total income, the person in whose name the asset stands shall be liable to pay the portion of tax attributable to that included income upon service of a notice of demand; jointly held assets attract joint and several liability and Chapter XIX-D collection provisions apply. Act-Rules Bills Fri, 14 Feb 2025 16:50:10 +0530 https://www.taxtmi.com/acts?id=49098