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Section 52 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
52. Punishment for false statement in verification.-
If a person, makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true, he shall be punishable with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine.
Related Sections
- Section 65: Undisclosed foreign asset declared not to affect finality of completed assessments
- Section 70: Applicability of certain provisions of Income-tax Act and of Chapter V of Wealth-tax Act
- Section 11: Time limit for completion of assessment and reassessment
- Section 53: Punishment for abetment
- Section 41: Penalty in relation to undisclosed foreign income and asset
Related Acts
* Only for reference.