https://www.taxtmi.com/forum/issue?id=118774 Compounding of offences enables an administrative settlement of income tax related defaults through an application, payment of prescribed compounding fee and compliance with procedural steps in the guidelines; compounding is discretionary, excludes certain prosecutions, and applies to categorized offences such as failure to furnish returns, undisclosed income found in assessment, and failure to pay tax deducted at source. en-us Mon, 25 Sep 2023 23:12:35 +0530 Thu, 23 Jan 2025 14:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118774 Compounding of offences enables an administrative settlement of income tax related defaults through an application, payment of prescribed compounding fee and compliance with procedural steps in the guidelines; compounding is discretionary, excludes certain prosecutions, and applies to categorized offences such as failure to furnish returns, undisclosed income found in assessment, and failure to pay tax deducted at source. Discussion-Forum Income Tax Mon, 25 Sep 2023 23:12:35 +0530 https://www.taxtmi.com/forum/issue?id=118774