TMI BlogSection 90 LIABILITY OF PARTNERS OF FIRM TO PAY TAXX X X X Extracts X X X X X X X X Extracts X X X X ..... r this Act, the firm and each of the partners of the firm shall, jointly and severally, be liable for such payment. Retiring partner liable to pay any tax, interest or penalty of the firm due up to the date of his retirement : Where any partner retires from the firm, he or the firm, shall intimate the date of retirement of the said partner to the Commissioner by a notice in that beh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within one month from date of retirement otherwise the liability of such Mr. A may continue until the date on which such intimation is received by the commissioner, Though the liability of Mr. A will remained to the date of his retirement if he submit his retirement intimation to the commissioner within the prescribed time. - Manuals - Ready reckoner - Law and practice - Reference ..... X X X X Extracts X X X X X X X X Extracts X X X X
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