TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Guidelines for Compounding Direct Tax Offences Under Sections with Fees, Conditions, and Exclusions from June 2008</h1> The revised guidelines issued by the tax authority establish a comprehensive framework for compounding offences under Direct Tax Laws effective from June 1, 2008. Offences are categorized as technical or non-technical for compounding purposes, with specific sections listed under each category. Compounding is discretionary and subject to conditions including a written request, full payment of tax dues, and willingness to pay prescribed fees and prosecution expenses. Certain offences, such as repeat non-technical offences, major frauds, offences linked to anti-national activities, or cases with pending plea-bargaining or convictions, are generally excluded. The competent authorities for compounding vary by offence type and amount involved, with procedures and timelines prescribed for application disposal and fee payment. Fees are detailed according to offence type, with provisions for reduction in cases of financial hardship. The guidelines apply to pending and future cases under Direct Tax Laws and extend mutatis mutandis to other direct tax statutes.
TaxTMI 
TaxTMI 
