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of <h1>Guidelines Define Tax Evasion Calculation for Compounding Offences Under Direct Tax Laws From April 1, 2007</h1> Guidelines clarify that for compounding offences under direct tax laws involving assessments under specified sections, the 'tax sought to be evaded' is calculated as the difference between tax on income determined in the assessment and tax on income declared in the original return filed under the relevant section. If no original return was filed, the tax on declared income is considered nil. The tax rate applied is the maximum marginal rate for certain assessments and as per a specific section for others. These clarifications apply to all pending and future compounding petitions from April 1, 2007.
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