Income Tax Act 2023
Section 316 - Punishment for Furnishing False Audited Statement subject to Verification
(as updated till Finance Act 2024)
If any person files with the return or pursuant thereto any audited statement which is fake or 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.
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.