TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>False statements in banking cash tax verifications may lead to 3 years' imprisonment and fines under Section 109.</h1> Section 109 of the Finance Act, 2005, addresses false statements in verifications related to banking cash transaction tax. It stipulates that if an individual knowingly makes a false statement or delivers a false account under this Chapter or its rules, they may face imprisonment for up to three years and a fine. Despite the severity, such an offense is classified as non-cognizable under the Code of Criminal Procedure, 1973, meaning it does not warrant immediate arrest without a warrant.
TaxTMI 
TaxTMI 
