We offer comprehensive Insurance Services systems maintained by trained accounting.
Ask a Query
Client Login
| 46.Liability of Firms and Partners M. VAT ACT | |
|
46.Liability of Firms and Partners
(1) Notwithstanding any contract to the contrary, where any firm is liable to pay tax under this Act, the firm and each of the partners of the firm shall be jointly and severally liable for such payment.
(2) Any notice or order under this Act may be served on any person who was a partner during the relevant time, whether or not the firm has been dissolved and all the provisions of this Act shall apply accordingly.
(3) Where any partner retires from the firm, he shall he liable to pay the tax, penalty, sum forfeited and interest, if any, remaining unpaid at the time of his retirement and any such amount due up to the date of retirement, though un-assessed at that date and where at the time of death of the said partner, the legal representative is not a partner in the said firm, he shall be liable to pay such amounts only out of the estate of the deceased, in the like manner and to the same extent as the deceased partner would have been liable to pay if he had not died.
|
|
Amit R Gupta
Our Services
Investment Services
We offer comprehensive Investment Services systems maintained by trained accoun.
Due Diligence and Advisory Ser
We offer comprehensive Due Diligence and Advisory Services systems maintained by traine.
Corporate Services
We offer comprehensive Corporate Services systems maintained by trained accounting.
AMITRGUPTA
What We Do
Tax Consulting
We offer comprehensive Tax Consulting systems maintained by trained accounting professionals. This local service coul...
Due Diligence
Investors, bankers and acquirers rely on Due Diligence as a standard of care during Mergers and ...
Taxation Services
We offer comprehensive Taxation Services systems maintained by trained accounting professionals. This local service could be...