Three-year jail for false statement under income tax law
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). The provision emphasizes the gravity of providing inaccurate information in any verification, return, or document submitted … Continue reading Three-year jail for false statement under income tax law
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