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Section 53 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
53. Punishment for abetment.-
If a person abets or induces in any manner another person to make and deliver an account or a statement or declaration relating to tax payable under this Act which is false and which he either knows to be false or does not believe to be true or to commit an offence under sub-section (1) of section 51, he shall be punishable with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine.
Related Sections
- Section 11: Time limit for completion of assessment and reassessment
- Section 62: Manner of declaration
- Section 8: Powers regarding discovery and production of evidence
- Section 69: Exemption from wealth-tax in respect of assets specified in declaration
- Section 34: Recovery of tax dues in case of a company in liquidation
Related Acts
- National Institutes of Food Technology, Entrepreneurship and Management Act, 2021
- Taxation Laws (Second Amendment) Act, 2016
- Rights of Persons with Disabilities Act, 2016
- Marine Aids to Navigation Act, 2021
- Chief Election Commissioner and Other Election Commissioners (Appointment, Conditions of Service and Term of Office) Act, 2023
* Only for reference.