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Section 329 — Joint and several liability of partners for tax payable by firm: its source in the Income-tax Act, 1961
Section 329 (Joint and several liability of partners for tax payable by firm) of the Income-tax Act, 2025 corresponds to Section 188A (Joint and several liability of partners for tax payable by firm) of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 188A — Joint and several liability of partners for tax payable by firm
read both texts · §188A (1961) vs §329 (2025)
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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.
frequently asked
Is Section 329 of the Income-tax Act, 2025 a new provision?
No — it derives from Section 188A of the Income-tax Act, 1961.
What does Section 329 of the Income-tax Act, 2025 deal with?
Section 329 — "Joint and several liability of partners for tax payable by firm", under CHAPTER XVII - Special provisions relating to certain persons of the Income-tax Act, 2025.
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same chapter · chapter xvii - special provisions relating to certain persons · income-tax act, 2025
- Section 325 — Assessment as a firm
- Section 326 — Assessment when section 325 not complied with
- Section 327 — Change in constitution of a firm
- Section 328 — Succession of one firm by another firm
- Section 330 — Firm dissolved or business discontinued
- Section 331 — Liability of partners of limited liability partnership in liquidation
- Section 332 — Application for registration
- Section 333 — Switching over of regimes
frequently looked up · income-tax act, 2025
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