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of <h1>Partners face joint liability for firm's tax dues under Clause 329 of new tax bill</h1> The Income Tax Bill 2025's Clause 329 establishes joint and several liability of partners for firm tax dues, mirroring Section 188A of the Income-tax Act 1961. The provision holds every person who was a partner during the tax year, including legal representatives of deceased partners, liable for tax, penalties, and other sums payable by the firm. This prevents tax evasion through partnership changes or dissolution. The clause uses updated terminology ('tax year' instead of 'previous year') but maintains identical substantive content and policy objectives. All Act provisions apply to partner assessments, ensuring comprehensive coverage while protecting revenue interests in partnership taxation.
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