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Home List Manuals Income TaxIncome Tax - Frequently Asked Questions (FAQs)FAQs on Prosecution provision under IT Act This

Income Tax - Frequently Asked Questions (FAQs)

FAQs on Prosecution provision under IT Act

What is the punishment and fine for the offence under section 276B?

  • Contents

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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