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of <h1>Willful failure to file return (section 139(1)) for foreign assets or income: six months to seven years imprisonment and fine</h1> A resident (other than a person classified as not ordinarily resident) who, during the previous year, held foreign assets or interests, was a beneficiary of such assets, or had foreign income and willfully fails to file the income-tax return required under section 139(1) is punishable by rigorous imprisonment of six months to seven years and a fine. No prosecution under this provision shall be initiated if the return is furnished before the expiry of the relevant assessment year.
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