Section 482 False statement in verification, etc
- Chapter
- XXII · Offences and Prosecution
- Amendments
- 1
If a person makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true, he shall be punishable,—
Clauses (a), (b) and (c) substituted by Finance Act, 2026, s. 116, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "clauses (a) and (b)"(a) with simple imprisonment for a term up to two years, or with fine, or with both, where the amount of tax, which would have been evaded if the statement or account had been accepted as true, exceeds fifty lakh rupees; or
Clauses (a), (b) and (c) substituted by Finance Act, 2026, s. 116, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "clauses (a) and (b)"(b) with simple imprisonment for a term up to six months, or with fine, or with both, where the amount of tax, which would have been evaded if the statement or account had been accepted as true, exceeds ten lakh rupees but does not exceed fifty lakh rupees; or
Clauses (a), (b) and (c) substituted by Finance Act, 2026, s. 116, dated 30th March, 2026, with effect from 1 April 2026. Earlier read: "clauses (a) and (b)"(c) with fine, in any other case.