Amendment status not verified — confirm the current text below against the official source.
Notwithstanding any contract to the contrary and any other law for the time being in force, where any firm is Liability of liable to pay any tax, interest or penalty under this Act, partners of firm to pay tax Provided that 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 behalf in writing and such partner shall be liable to pay tax, interest or penalty due up to the date of his retirement whether determined or not, on that date: Provided further that if no such intimation is given within one month from the date of retirement, the liability of such partner under the first provision shall continue until the date on which such intimation is received by the Commissioner.