Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>Income-tax amendment replaces rigorous imprisonment with up to three years' simple imprisonment for repeat tax offences.</h1> 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.