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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on Prosecution provision under IT Act |
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What is the punishment and fine for the offence under section 276B? |
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Ans. Such person shall be punishable with rigorous imprisonment for a term which shall not be less than 3 months but which may extend to 7 years and with fine. However, if any person is convicted again of a similar offence under this provision, he shall be punishable for the second and for every subsequent offence with rigorous imprisonment for a term which shall not be less than 6 months but which may extend to 7 years and with fine. |
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