Section-475: Removal, concealment, transfer or delivery of property to prevent tax recovery

Section-475 : Removal, concealment, transfer or delivery of property to prevent tax recovery

Section-475 seeks to provide for punishment for the removal, concealment, transfer or delivery of property to evade tax recovery. Learn to understand the section-475 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-475 as per act

Whoever, fraudulently removes, conceals, transfers or delivers to any person, any property or any interest therein, with the intent to prevent such property or interest from being taken in execution of a certificate as prescribed, shall be punishable with rigorous imprisonment for a term which may extend to two years and shall also be liable to fine.