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of <h1>Clause 488 Income Tax Bill 2025 maintains karta liability for HUF tax offences with due diligence defence</h1> Clause 488 of the Income Tax Bill, 2025 addresses criminal liability for tax offences committed by Hindu Undivided Families, essentially replicating Section 278C of the Income-tax Act, 1961. The provision creates a statutory presumption that the karta is guilty of offences committed by the HUF, with defences available for lack of knowledge or due diligence. Other family members may also face liability if they consented to, connived in, or neglected duties leading to the offence. The clause maintains the existing framework's balance between ensuring accountability and preventing unjust punishment, with no substantive changes from current law.
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