Every company will be assigned with directors who are responsible to oversee the management of the business, make operational and strategic
decisions of the company as well as to ensure that the company meets all the statutory obligations.
It is crucial to understand the tax liabilities for being a company director as civil
suit can be taken against the director if the Company fails to settle the tax due.
This article will take you through the meaning and liabilites of directors under the Income Tax Act 1967
and the Real Property Gains Tax Act 1976.
Meaning &
liability of director under Income Tax & RPGT
