https://www.taxtmi.com/acts?id=52024 Wilful attempt to evade tax, penalty or interest, including under-reporting of income, is punishable by graded sanctions based on the amount sought to be evaded. The offence also covers wilful attempts to evade payment of tax, penalty or interest, and punishment may include simple imprisonment, fine, or both. The punishment is without prejudice to any other penalty under the Act. Wilful attempt includes false entries in books or documents, wilful omission of relevant entries, and any other circumstance enabling evasion. en-us Thu, 14 Aug 2025 18:42:42 +0530 Mon, 06 Apr 2026 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52024 Wilful attempt to evade tax, penalty or interest, including under-reporting of income, is punishable by graded sanctions based on the amount sought to be evaded. The offence also covers wilful attempts to evade payment of tax, penalty or interest, and punishment may include simple imprisonment, fine, or both. The punishment is without prejudice to any other penalty under the Act. Wilful attempt includes false entries in books or documents, wilful omission of relevant entries, and any other circumstance enabling evasion. Act-Rules Income Tax Thu, 14 Aug 2025 18:42:42 +0530 https://www.taxtmi.com/acts?id=52024