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<\/i> GST <\/a> From Business to Personal: The Reality of Unlimited Tax Liability <\/h1> <\/div>
In terms of income tax, \"unlimited liability\" describes situations in which directors, partners, or other stakeholders might be held personally accountable for a company's outstanding tax debts. This blog explores the consequences, defenses, and preventive measures of Sections 167C, 179, and 188A of the Income Tax Act for partnership firms, private companies, and limited liability partnerships. <\/p>
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<\/div> Krishna Gopal Varshney <\/a>
An editor at Myitronline<\/p> <\/div>

Jan 30, 2025<\/li>
5 min read<\/li>
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#Unlimited Tax Liability<\/a> <\/li>
# Income Tax Act<\/a> <\/li>
# Section 167C<\/a> <\/li>
# Section 179<\/a> <\/li>
# Section 188A<\/a> <\/li>
# LLP Tax Liability<\/a> <\/li>
# Private Company Tax<\/a> <\/li>
# Partnership Firm Tax<\/a> <\/li>
# Tax Compliance<\/a> <\/li>
# Tax Liability in India<\/a> <\/li>
#Apnokaca<\/a> <\/li> <\/ul> <\/div> <\/div>

In terms of income tax, \"unlimited liability\" describes situations in which directors, partners, or other stakeholders might be held personally accountable for a company's outstanding tax debts. This blog explores the consequences, defenses, and preventive measures of Sections 167C, 179, and 188A of the Income Tax Act for partnership firms, private companies, and limited liability partnerships.

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Krishna Gopal Varshney <\/a><\/h4> An editor at Myitronlinenews<\/small> <\/div> View Articles<\/a> <\/div>
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business\/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates. <\/p> <\/div> <\/div>

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