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of <h1>New Guidelines for Compounding Offences: Fees Based on Revised Tax Amount; 50% Fee for Wilful Evasion</h1> The circular outlines revised guidelines for compounding offences under Direct Tax Laws. It states that the compounding fee should be based on the tax amount as modified by any final appeal, revision, or rectification. The fee is now 2% per month of the revised tax amount. For wilful tax evasion, the compounding fee has been reduced to 50% of the evaded amount, regardless of its size. These changes apply to future cases and pending ones, but not to offences already compounded. The amendments also extend to other Direct Tax Laws and should be widely publicized.
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