Section 192B: Prosecution for concealment of and offshore assets
The Income Tax Ordinance, 2001 · Federal Acts · in_force
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1[192B. Prosecution for concealment of an offshore asset.- (1) Any person who fails to declare an offshore asset to the Commissioner or furnished inaccurate particulars of an offshore asset and revenue impact of such concealment or furnishing of inaccurate particulars is ten million rupees or more shall commit an offence punishable on conviction with imprisonment up to three years or with a fine up to five hundred thousand Rupees or both.]
Effective date: 2001-09-13
Related sections
Section 192A: Prosecution for concealment of incomeSection 193: Prosecution for failure to maintain recordsSection 192: Prosecution for false statement in verificationSection 194: Prosecution for improper use of National Tax Number CertificateSection 191B: Prosecution for non-registrationSection 195: Prosecution for making false or misleading statements
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