https://www.taxtmi.com/acts?id=36389 Section 20 establishes criminal liability for making materially false statements or wilful omissions in required returns or documents, failing without reasonable excuse to furnish returns or information, entering into forward contracts during a recognised association's suspension, membership of unregistered associations, publishing rates contrary to recognised association bye laws, organising prohibited associations, and entering into forward contracts or options contrary to specified provisions; penalties range from imprisonment (up to one year) or a minimum fine for first offences, with enhanced mandatory minima for certain repeat offences. en-us Fri, 08 Mar 2019 16:19:26 +0530 Fri, 08 Mar 2019 16:19:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36389 Section 20 establishes criminal liability for making materially false statements or wilful omissions in required returns or documents, failing without reasonable excuse to furnish returns or information, entering into forward contracts during a recognised association's suspension, membership of unregistered associations, publishing rates contrary to recognised association bye laws, organising prohibited associations, and entering into forward contracts or options contrary to specified provisions; penalties range from imprisonment (up to one year) or a minimum fine for first offences, with enhanced mandatory minima for certain repeat offences. Act-Rules Indian Laws Fri, 08 Mar 2019 16:19:26 +0530 https://www.taxtmi.com/acts?id=36389