Chapter VI — OFFENCES AND PENALTIES

Section 46Punishment for contravention in relation to failure to furnish information, declaration or return

Section 46: Punishment for contravention in relation to failure to furnish information, declaration or return

46. Punishment for contravention in relation to failure to furnish information, declaration or return

Any person who being required by or under this Act to furnish any—

(a)

information;

(b)

declaration; or

(c)

return, fails to furnish such information, declaration or return shall be punishable with fine which may extend to one lakh rupees, and in the case of continuing default, with a further fine which may extend to one lakh rupees for every day during which such default continues after conviction for the first such default, or with imprisonment for a term which may extend to three years, or with both.