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Section 35F – The Wealth-Tax Act, 1957

The Wealth-Tax Act, 1957

 

 

35F. Abetment of false return, etc .—

 

1[35F. Abetment of false return, etc .—If a person abets or induces in any manner another person to make and deliver an account, statement or declaration relating to any net wealth chargeable to tax 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 35A, he shall be punishable,—

 

(i) in a case where the amount of tax, penalty or interest, which would have been evaded, if the declaration, account or statement had been accepted as true, or which is wilfully attempted to be evaded, exceeds one hundred thousand rupees, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven 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 three years and with fine.]

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1. Ins. by Act 41 of 1975, sec. 100 (w.e.f. 1-10-1975).

 

 

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The Wealth-Tax Act, 1957

 

Indian Laws – Bare Acts

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