https://www.taxtmi.com/acts?id=3456 Making a false statement in any verification under the Income-tax Act, or delivering a false account or statement, is punishable where the person knows, believes, or does not believe the statement to be true. The punishment depends on the amount of tax that would have been evaded if the statement had been accepted as true. The provision prescribes simple imprisonment with fine or both for higher evasion brackets, and fine only in other cases. The notes record earlier versions and later amendments to the punishment structure and threshold amounts. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 01 Apr 2026 12:00:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3456 Making a false statement in any verification under the Income-tax Act, or delivering a false account or statement, is punishable where the person knows, believes, or does not believe the statement to be true. The punishment depends on the amount of tax that would have been evaded if the statement had been accepted as true. The provision prescribes simple imprisonment with fine or both for higher evasion brackets, and fine only in other cases. The notes record earlier versions and later amendments to the punishment structure and threshold amounts. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3456