False verification in tax filings triggers imprisonment and a mandatory fine under the Direct Taxes Code provisions. Clause 239 criminalises making a false statement in any verification under the Code or its rules, and delivering an account or statement which the person ... Summary
False verification in tax filings triggers imprisonment and a mandatory fine under the Direct Taxes Code provisions.
Clause 239 criminalises making a false statement in any verification under the Code or its rules, and delivering an account or statement which the person knows or believes to be false or does not believe to be true. The offence attracts rigorous imprisonment for a term not less than six months and up to seven years, and a fine prescribed between fifty thousand rupees and five lakh rupees.
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