Offences and Prosecutions under the Income Tax Act

Offenses and Prosecutions under the Earnings Tax Act. Now you can scroll down below n check more information for ” Offences and Prosecutions under the Earnings Tax Act”

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Area No. Particulars Charge/ Imprisonment
275 A Breach of order made under the second proviso to sub-section (1) or sub- section (3) of section 132 regarding search and seizure Upto 2 Years ( ) fine
275 B Failure to pay for the authorized officer the essential center to inspect the books of account or other documents as required under area 132( 1 )( iib) Upto 2 years ( ) fine
276 Removal, concealment, transfer or delivery of residential or commercial property to ward off tax healing Upto 2 years ( ) fine
276 A Failure to abide by the provisions of area 178( 1) and (3 ) regarding company in liquidation or parting with any of the assets of the company or the properties in his hands in contravention of the provision of areas 178( 1) and( 3 ). 6 months to 2 years
276 AB 276 AB giving up of home to Central Federal government as needed by (i) area 115- O( 2 ); or (ii) Second proviso to section194 B 6 months to 2 years
276 B Failure to pay to the Central Federal government, tax deducted under the provisions of Chapter XVII-B or the tax payable by him 3 months to 7 years ( ) fine
276 BB Failure to pay to the Central Federal government tax collected under section206 C 3 months to 7 years ( ) fine
276 C( 1 ) Wilful attempt to evade tax, charge or interest. Evaded tax exceeding25

lakhs: 6 months to 7 years ( ) fine Other cases: 3

months to 2 years ( ) fine

276 C( 2 ) Wilful attempt to avert payment of tax, charge or interest. 3 months to 2 years ( ) fine, at the discretion of the court.
276 CC Wilful failure to furnish in due time a return of earnings u/s 139( 1) or u/s 142( 1 )( i) or u/s 148 or u/s153 A.

Note: If return of earnings under section 139( 1) is provided prior to expiry of the assessment year or the tax payable by him on the overall income identified on regular evaluation lowered by advance tax and TDS does not surpass ‘3000– No prosecution.

Evaded tax surpassing 25 lakh: 6 months to 7 years ( ) great Other cases: 3 months to 2 years ( ) fine
276 D. Willful failure to produce accounts and files under section 142( 1 )/142( 2A) As much as one year ( ) fine
277 False statements in confirmation. Averted tax going beyond 25 lakh: 6 months to 7 years ( ) fine.

In other cases: 3 months to 2 years ( ) fine

277 A Falsification of books or documents, and so on to cause or abet anybody to evade any tax, penalty or interest chargeable or imposable under the Act. It is not needed to show that the other person has really evaded any tax, penalty or interest chargeable or imposable under the Act for the function of developing the charge under this area. Jail time of 3 months to 2 years ( ) fine
278 Abetment of false return and so on (connecting to any earnings chargeable to tax) Evaded tax exceeding 25 lakhs: 6 months to 7 years ( ) fine. Up to 6 months ( ) fine

Needs to check out–

  • Income Tax– Sources, Fundamentals & Important Principles
  • TDS on Non homeowners– Section 195
  • E-File Tax Return Online 2016-17
  • Tax of NRIs– Total Information

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