Bare ActsExcess Profits Tax Act, 1940

Section 24

False statement and declaration.--

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If a person makes in any return required under section 13 any statement which is false, and which he either knows or believes to be false, or does not believe to be true, he shall be punishable on conviction by a Magistrate with simple imprisonment which may extend to six months, or with fine which may extend to one thousand rupees, or with both.

Section 24 – Excess Profits Tax Act, 1940 | DailyLaw.ai