https://www.taxtmi.com/acts?id=50246 The amendment deems responsible officers liable where a company commits an offence under the Gift-tax Act, subject to a defence of absence of knowledge or due diligence, and extends liability to directors or equivalent persons if the offence occurred with their consent, connivance or neglect; it similarly deems the Karta liable for offences by a Hindu undivided family and members liable where consent, connivance or neglect is shown. It further provides that probationary and certain Code remedial provisions do not apply to convictions under the Act except for minors. en-us Wed, 05 Mar 2025 17:57:04 +0530 Wed, 05 Mar 2025 17:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50246 The amendment deems responsible officers liable where a company commits an offence under the Gift-tax Act, subject to a defence of absence of knowledge or due diligence, and extends liability to directors or equivalent persons if the offence occurred with their consent, connivance or neglect; it similarly deems the Karta liable for offences by a Hindu undivided family and members liable where consent, connivance or neglect is shown. It further provides that probationary and certain Code remedial provisions do not apply to convictions under the Act except for minors. Act-Rules F. Acts / Amendment Acts Wed, 05 Mar 2025 17:57:04 +0530 https://www.taxtmi.com/acts?id=50246