Clause 240 - Falsification of books of account or documents, etc. - Direct Taxes Code Bill, 2009

Falsification of books of account or documents, etc. 240. (1) A person shall be punishable with rigorous imprisonment for a term which may extend to seven years and with fine, if he makes, or causes to be made, any entry, or statement, which is false and which he either knows to be false or does not believe to be true, in any books of account or other document relevant to, or useful, in any proceedings against him, or any other person, under this Code. (2) The fine referred to in sub-section (1) shall be a sum calculated at a rate which shall not be less than twenty rupees or more than one hundred rupees, for every day during which the default continues.