1961Section 277
277. False statement in verification, etc.
In the 2025 Act2 matches · Unreviewed
- 2025 Section 482
- 277(c) → 2025 482(c)
From the Income Tax Department's correspondence.
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,—
(a) 34[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
Footnotes
- 34.Clauses (a), (b) and (c) sub. for clauses (i) and (ii) by Act No. 4 of 2026, w.e.f. 1-3-2026. Prior to their substitution, clauses (i) and (ii), as amended by Act No. 23 of 2012, w.e.f. 1-7-2012, read as under : "(i) in a case where the amount of tax, which would have been evaded if the statement or account had been accepted as true, exceeds twenty-five hundred thousand rupees, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine; (ii) in any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to two years and with fine."↩