The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act

# 53 Punishment for abetment

If a person abets or induces in any manner another person to make and deliver an account or a statement or declaration relating to tax payable under this Act which is false and which he either knows to be false or does not believe to be true or to commit an offence under sub-section (1) of section 51, he shall be punishable with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine.

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OFFENCES AND PROSECUTIONS

Punishment for failure to furnish return in relation to foreign income and asset

Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India

Punishment for wilful attempt to evade tax

Punishment for false statement in verification

Presumption as to culpable mental state

Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner

Offences by companies

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