Amendment status not verified — confirm the current text below against the official source.
(1) Whoever, knowingly furnishes a false return shall on conviction, be punished :- (i) in case where the amount of tax, which could have been evaded if the false return had been accepted as true, exceeds Rs 10,000/-with rigorous imprisonment for a term which shall not be less than six months but which may extend to three years and with fine. (ii) in any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to one year and with fine. (2) Whoever, knowingly keep false account of the receipts in contravention of section 13, shall on conviction, be punished with rigorous imprisonment for a term which shall not less than three months hut which may extend to one year and with fine. (3) Whoever :- (i) Willfully attempts in any manner whatsoever, to evade any tax leviable under this Act, or (ii) willfully attempts, in any manner whatsoever, to evade any payment of any tax or penalty or interest under this Act, shall, on conviction, be punished: (a) in case where the amount involved exceeds Rs. 50.000/- during a period of half years, which shall not be less than six months hut which may extend to three years and with fine. (b) In any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to one year and with fine. (4) Whoever aids or abets any person in commission of any act specified in subsection (1) to (3) shall, on conviction, be punished with rigorous imprisonment which shall not he less than three months but which may extend to one year and with fine. (5) Whoever:- (a) carries on business without being registered in willful contravention of section 6, or (b) fails, without sufficient cause, to furnish any information required by section 8,or (c) fails without sufficient cause to furnish any return as required by section 10, by the date and in the manner prescribed, or (d) contravenes, without reasonable cause, any of the provisions of section 11, or (e) fails, without sufficient cause, to issue a bill or each memorandum as required under section 12, or (f) fails, without sufficient cause, when directed under section 13, to keep any account or record, in accordance with such direction, or (g) voluntarily obstructs any officer making inspection or search or seizure, shall, on conviction, he punished with imprisonment for a term which may extend to one year and with fine. (6) Whoever commits any of the acts specified in sub-sections (1) to (5) and the offence is continuing one under any of the provisions of these sub-section, shall, on conviction, be punished with a daily fine of not less than rupees one hundred during the period of the continuance of the offence, in addition to the punishment provided under this section. (7) Notwithstanding anything contained in sub-section (1) to (6), no person shall he proceeded against under these sub-sections for the acts referred to therein, if the total amount of tax evaded or attempted to he evaded is less than rupees two hundred during the period of a half-year. (8) No prosecution for an offence under this Act shall be instituted in respect of the same facts on which a penalty has been imposed by the assessing officer under any provisions of this Act. Power to make rules