alleryStart learning →Dues of a transferor that become the transferee's liability are those arising up to which point?
AThe next return date
BThe financial year end
CTransferee's registration day
DThe time of the transfer
Answer & Solution
Correct answer: D. The time of the transfer
The joint liability covers tax, interest and penalty due from the transferor up to the time of the transfer, whether determined before or after it.
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