LawgistThe Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act
58Punishment for second and subsequent offences
If any person convicted of an offence under section 49 to section 53 (both inclusive)is again convicted of an offence under any of the aforesaid provisions, he shall be punishable for the second and every subsequent offence with rigorous imprisonment for a term which shall not be less than three years, but which may extend to ten years and with fine which shall not be less than five lakh rupees, but which may extend to one crore rupees.
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OFFENCES AND PROSECUTIONS
- 48 Chapter not in derogation of any other law or any other provision of this Act
- 49 Punishment for failure to furnish return in relation to foreign income and asset
- 50 Punishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India
- 51 Punishment for wilful attempt to evade tax
- 52 Punishment for false statement in verification
- 53 Punishment for abetment
- 54 Presumption as to culpable mental state
- 55 Prosecution to be at instance of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner
- 56 Offences by companies
- 57 Proof of entries in records of documents
- 58 Punishment for second and subsequent offences
