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of <h1>Directors remain jointly liable for unpaid company taxes under new Income Tax Bill Clause 323</h1> Clause 323 of the Income Tax Bill 2025 replaces Section 179 of the Income-tax Act 1961, maintaining substantially identical provisions for director liability in private companies. The clause imposes joint and several liability on directors for unpaid company taxes when recovery from the company fails. Directors can escape liability by proving absence of gross neglect, misfeasance, or breach of duty. Key changes include updating references from Companies Act 1956 to Companies Act 2013 and minor terminology adjustments. The provision covers all tax-related amounts including penalties, interest, and fees, with exemptions for pre-1961 tax years in converted public companies.
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