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of <h1>False Accounting Under Direct Taxes Code Bill, 2009: Up to 7 Years Imprisonment and Daily Fines for Misleading Entries.</h1> A person may face rigorous imprisonment for up to seven years and a fine for making or causing false entries or statements in any books of account or documents relevant to proceedings under the Direct Taxes Code Bill, 2009. The individual must know the entry is false or not believe it to be true. The fine is calculated daily, ranging from twenty to one hundred rupees, for each day the default persists.
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