https://www.taxtmi.com/acts?id=51868 Directors of a private company are jointly and severally liable for any tax due of the company for a tax year when recovery from the company fails, unless a director proves the non recovery cannot be attributed to his gross neglect, misfeasance or breach of duty. For this purpose, tax due includes penalty, interest, fees or any other sum payable under the Act. en-us Thu, 14 Aug 2025 17:47:29 +0530 Wed, 20 Aug 2025 16:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51868 Directors of a private company are jointly and severally liable for any tax due of the company for a tax year when recovery from the company fails, unless a director proves the non recovery cannot be attributed to his gross neglect, misfeasance or breach of duty. For this purpose, tax due includes penalty, interest, fees or any other sum payable under the Act. Act-Rules Income Tax Thu, 14 Aug 2025 17:47:29 +0530 https://www.taxtmi.com/acts?id=51868