Income Tax Act 2023
Section 313 - Penalty for False Statement Proved subject to Verification
(as updated till Finance Act 2024)
If any person gives any such account or statement which is false, and he knows or believes that it is false or does not believe it to be true, he shall be punished with rigorous imprisonment for a term not exceeding 5 (five) years but not less than 6 (six) months and with fine.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.