https://www.taxtmi.com/circulars?id=68159 Guidelines establish a discretionary compounding regime under the Income-tax Act: offences are classified into Category 'A' and 'B' with certain sections non-compoundable; applicants must file a prescribed affidavit, pay outstanding tax, interest and penalties before filing (with verification cure provisions), undertake to pay compounding charges and withdraw related appeals; time limits and restricted relaxations apply; a competent authority/Committee framework and detailed procedural steps control consideration, order-making and payment; compounding charges combine fee, prosecution establishment and litigation expenses with specific fee formulas for different offences. en-us Fri, 14 Jun 2019 00:00:00 +0530 Sat, 01 Mar 2025 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68159 Guidelines establish a discretionary compounding regime under the Income-tax Act: offences are classified into Category 'A' and 'B' with certain sections non-compoundable; applicants must file a prescribed affidavit, pay outstanding tax, interest and penalties before filing (with verification cure provisions), undertake to pay compounding charges and withdraw related appeals; time limits and restricted relaxations apply; a competent authority/Committee framework and detailed procedural steps control consideration, order-making and payment; compounding charges combine fee, prosecution establishment and litigation expenses with specific fee formulas for different offences. Circulars Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68159