Section 179 :4 Reasons Notice to Recover Tax Dues from Director Fails !


If you are director in a private  company which has a burden of tax demand , it may just happen that you may receive a notice from assessing officer or tax recovery officer for payment of demand related to the company . The authority for asking you , a director , to pay demand of the private company comes from a provision – section 179 – of the Income Tax Act under which a director of a private company is liable for the demand raised against the company .

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