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Home Acts & Rules Direct Taxes Acts Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 Chapter V = OFFENCES AND PROSECUTIONS Chapters List This

OFFENCES AND PROSECUTIONS - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Chapter: V
OFFENCES AND PROSECUTIONS
Section 48	:	Chapter not in derogation of any other law or any other provision of this Act.
Section 49	:	Punishment for failure to furnish return in relation to foreign income and asset.
Section 50	:	Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India.
Section 51	:	Punishment for wilful attempt to evade tax.
Section 52	:	Punishment for false statement in verification.
Section 53	:	Punishment for abetment.
Section 54	:	Presumption as to culpable mental state.
Section 55	:	Prosecution to be at instance of Principal Chief Commissioner or Principal Director General or Chief Commissioner or Director General or Principal Commissioner or Commissioner
Section 56	:	Offences by companies.
Section 57	:	Proof of entries in records or documents.
Section 58	:	Punishment for second and subsequent offences.

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