Section 192A of Income Tax Ordinance, 2001  has prescribed two years imprisonment to a person who concealed income from tax authorities. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021.  Following is the text of Section 192A of Income Tax Ordinance, 2001: 192A. Prosecution for concealment of […]

Section 192 of the Income Tax Ordinance, 2001, as updated up to June 30, 2021, through the Finance Act, 2021, recommends a three-year jail term for individuals found guilty of making false statements before the Commissioner Inland Revenue (IR).

Section 191 of Income Tax Ordinance, 2001 explains the prosecution for non-compliance with certain statutory obligations.