Liability of partners of a firm to pay tax

Tax2005147 sections

Statutory text

(1) Every person who is a partner of a firm shall be jointly and severally liable for the payment of any tax, penalty or interest payable by the firm under this Act.
(2) The liability of the partners shall be without prejudice to the provisions of the Indian Partnership Act, 1932 (No. 9 of 1932).
(3) Where any tax, penalty or interest is recoverable from a firm, it shall be recoverable from any partner of the firm.
(4) Where any partner of a firm is found to have evaded the tax, the liability to pay the tax, penalty or interest shall be that of the firm as well as the partner.

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