17 Questions
In case of adulteration of books of record to enable tax evasion, what punishment is prescribed under the Act?
Fine or up to 3 years rigorous imprisonment
What is the maximum period of rigorous imprisonment for a citizen found guilty of conveying a false statement or record under the Act?
7 years
What kind of punishment is imposed under Section 277A of the Act?
Rigorous imprisonment
If a citizen aids another person in dodging taxes by falsifying records, what penalty might they face under the Act?
Fine over Rs. 25 lakh and up to 7 years imprisonment
What is the minimum period of rigorous imprisonment specified under the Act for conveying a false statement or record?
90 days
Under which section would a person be penalized for not paying the profit distribution tax (DDT) to the Central Government?
Section 115-O(2)
What is the minimum duration of thorough detainment that an individual may face for willful attempt to evade tax, penalty, or interest?
90 days
What penalty might an individual face for failing to pay the tax deducted by them to the Central Government?
Thorough detainment for 6 months to 2 years
Which section of the Money Act 2023 provides for detention in case of failure to file the income tax return?
Section 276CC
In what situation would an individual be liable for thorough detainment as per the content?
Failure to pay taxes deducted (TDS) to the Central Government
Under which section would a person be penalized for not paying tax on payments made for transfer of virtual digital asset?
Section 194S
What is the maximum duration for which an individual can be detained for an offense under the Personal Tax Act?
2 years
According to segment 278B, when will an individual be considered at fault for an offense committed by an organization under the Personal Tax Act?
If they were accountable and responsible for the organization's conduct
Under the Personal Tax Act, who else besides the organization can be held liable for an offense committed by the organization?
Directors, managers, or secretaries of the organization
In what situation will an individual not be considered at fault for an offense committed by an organization under the Personal Tax Act?
If they took necessary steps to prevent the offense
What additional factor can lead to an individual being considered at fault for an offense committed by an organization under the Personal Tax Act?
Involvement or negligence of any director, manager, or secretary of the organization
What is one possible defense an individual can use to avoid being considered at fault for an offense under the Personal Tax Act?
Demonstrating having made every effort to prevent the offense
Test your knowledge on the consequences of providing false information in official documents or statements according to Indian law. Understand the penalties and fines associated with knowingly sharing misleading or untrue information.
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