Q 323. What happens to the tax liability of a taxable person, whose business is carried on by any guardian / trustee or agent of a minor?

Print Friendly, PDF & Email

Ans. Where the business in respect of which any tax is payable is ¬†carried on by any guardian / trustee / agent of a minor or other incapacitated person on behalf of and for the benefit of such minor/incapacitated person, the tax, interest or penalty shall be levied upon and recoverable from such guardian /…

This content is for annual and Semi Annual members only.
Log In Register