Income-tax amendment replaces rigorous imprisonment with up to three years' simple imprisonment for repeat tax offences. Amendment substitutes simple imprisonment and fine for the existing rigorous imprisonment and fine for second and subsequent convictions under sections ... Summary
Income-tax amendment replaces rigorous imprisonment with up to three years' simple imprisonment for repeat tax offences.
Amendment substitutes simple imprisonment and fine for the existing rigorous imprisonment and fine for second and subsequent convictions under sections 476, 477, 478(1), 479, 480, 482 and 484 of the Income-tax Act, 2025, reducing the maximum term from seven years to three years while retaining a minimum term of six months; the change takes effect from 1 April 2026.
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