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35 Points Posted on 22 December 2007
 can any one tell me who is liable( a direcxtor or a shareholder?) for tax computed under section 144( i.e. if notice under section 143(2) was not complied with????????????
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On 22 December 2007 at 11:27 Report
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PRACTISING CA
4283 Points Posted on 22 December 2007
A shareholder will never be liable for the acts done by directors. The directors will be liable. There is a seperation of ownership and management
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On 22 December 2007 at 17:31
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Chartered Accountant
206 Points Posted on 23 December 2007
no the shareholder is not liable...... the company is distinct from its owner..... the notice is served to the company..... and the company will act through its directors/CA etc in reply to the notice
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On 23 December 2007 at 13:13
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article
2677 Points Posted on 24 December 2007
The shareholders will never be liable
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On 24 December 2007 at 11:29


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