https://www.taxtmi.com/circulars?id=10445 Compounding fee must be computed by reference to the income sought to be concealed and the tax on that income calculated at the maximum marginal rate. The fee is set at 100% of that tax where the concealed income is below the monetary threshold, and 200% where it exceeds the threshold, replacing divergent interpretations based on tax alone or aggregated tax, interest and penalties. en-us Fri, 20 Oct 1995 00:00:00 +0530 Thu, 13 Mar 2025 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10445 Compounding fee must be computed by reference to the income sought to be concealed and the tax on that income calculated at the maximum marginal rate. The fee is set at 100% of that tax where the concealed income is below the monetary threshold, and 200% where it exceeds the threshold, replacing divergent interpretations based on tax alone or aggregated tax, interest and penalties. Circulars Income Tax Fri, 20 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10445