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of <h1>Section 179 Amendment: Directors of Private Companies Liable for Unpaid Taxes, Including Fees, Effective April 2022.</h1> Section 179 of the Act allows tax authorities to recover unpaid taxes from directors of private companies when the company itself cannot pay. The section holds directors jointly and severally liable, regardless of whether the company is in liquidation. To align the section's title with its provisions, it is proposed to change the title to 'Liability of directors of private company.' Additionally, the definition of 'tax due' will be expanded to include 'fees,' alongside penalties and interest, to prevent litigation and enhance clarity. This amendment is effective from April 1, 2022.
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