https://www.taxtmi.com/acts?id=16021 The amendment to section 277 raises the tax-evasion threshold that triggers the higher penalty tier for making false statements or delivering false accounts to twenty five hundred thousand rupees and reduces the maximum imprisonment for the lesser-tier offence to two years; the higher-tier punishment framework and fine component remain otherwise unchanged, with the changes effective from 1st July, 2012. en-us Fri, 16 Mar 2012 17:23:58 +0530 Fri, 16 Mar 2012 17:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16021 The amendment to section 277 raises the tax-evasion threshold that triggers the higher penalty tier for making false statements or delivering false accounts to twenty five hundred thousand rupees and reduces the maximum imprisonment for the lesser-tier offence to two years; the higher-tier punishment framework and fine component remain otherwise unchanged, with the changes effective from 1st July, 2012. Act-Rules Bills Fri, 16 Mar 2012 17:23:58 +0530 https://www.taxtmi.com/acts?id=16021