Section 490 Income Tax Act 2025 Presumption as to culpable mental state. 490 . (1) In any prosecution for any offence under this Act, which requires a culpable mental state on the part of the accused, the court shall presume the existence of such mental state but it shall be a defence for the accused to… Read More »
Section 489 Income Tax Act 2025 Presumption as to assets, books of account, etc., in certain cases. 489 . (1) Where during the course of any search made under section 247, any money, bullion, jewellery, virtual digital asset or other valuable article or thing (hereinafter referred to as the assets) or any books of account or other… Read More »
Section 488 Income Tax Act 2025 Offences by Hindu undivided family. 488 . (1) Where an offence under this Act has been committed by a Hindu undivided family, the karta thereof shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly. (2) Nothing contained in sub-section (1) shall… Read More »
Section 487 Income Tax Act 2025 Offences by companies. 487 . (1) If an offence under this Act has been committed by a company, every person who, at the time the offence was committed, was in charge of, and was responsible to, the company for the conduct of the business of the company as well as… Read More »
Section 486 Income Tax Act 2025 Punishment not to be imposed in certain cases. 486. No person shall be punishable for any failure referred to in section 476 or 477, irrespective of anything contained in that section, if he proves that there was reasonable cause for such failure.
Section 485 Income Tax Act 2025 Punishment for second and subsequent offences. 485. If any person convicted of an offence under sections 476, 477, 478(1), 479, 480, 482 or 484 is again convicted of an offence under any of the said sections, he shall be punishable for the second and for every subsequent offence with rigorous imprisonment for a term which shall not be less… Read More »
Section 483 Income Tax Act 2025 Falsification of books of account or document, etc. 483. (1) If any person (herein referred to as the first person) wilfully and with intent to enable any other person (herein referred to as the second person) to evade any tax or interest or penalty chargeable and imposable under this Act,… Read More »
Section 484 Income Tax Act 2025 Abetment of false return, etc. 484. If a person abets or induces in any manner another person— (a) to make and deliver an account or a statement or declaration relating to any income chargeable to tax which is false and which he either knows to be false or does not… Read More »
Section 482 Income Tax Act 2025 False statement in verification, etc. 482. If a person makes a statement in any verification under this Act or under any rule made thereunder, or delivers an account or statement which is false, and which he either knows or believes to be false, or does not believe to be true,… Read More »
TDS Rates FY 2026-27 under Income Tax Act 2025 from 1st April 2026 TDS Rates FY 2026-27 under Income Tax Act 2025 from 1st April 2026 TDS Rates for FY 2026-27 are give in Section 393 Income Tax Act 2025 Tax to be deducted at source. and TCS Rate for FY 2026-27 are give in… Read More »