Section 316 - Punishment for Furnishing Fake Audited Statement Subject to Verification
If any person files with the return or pursuant thereto any audited statement which is false or false and he knows or believes that it is fact and false, or does not believe it to be true, he shall shall be punished with rigorous imprisonment up to 5 (five) years, but not less than 6 (six) months.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.