https://www.taxtmi.com/acts?id=6429 Wilful attempt to evade tax under the Wealth-tax Act attracts rigorous imprisonment and fine, with harsher custodial terms for larger attempts and shorter terms for lesser attempts, without prejudice to other statutory penalties. The definition includes possession or control of books containing false entries, making or causing false entries or omissions, and creating circumstances that enable evasion of tax, penalty or interest or their payment. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 13 Sep 2012 15:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6429 Wilful attempt to evade tax under the Wealth-tax Act attracts rigorous imprisonment and fine, with harsher custodial terms for larger attempts and shorter terms for lesser attempts, without prejudice to other statutory penalties. The definition includes possession or control of books containing false entries, making or causing false entries or omissions, and creating circumstances that enable evasion of tax, penalty or interest or their payment. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6429