https://www.taxtmi.com/circulars?id=68305 The Board clarifies that where corporate entities are prosecuted for TDS/TCS defaults, only those officers whose responsibility or consent/connivance/neglect is established are to be proceeded against. The company and each prosecuted director/partner must file separate compounding applications; each director/partner may be charged a compounding fee equal to ten percent of the fee determined for the company. Director/partner compounding applications will be entertained only after the company has applied and its case is found fit for compounding. en-us Tue, 24 Feb 2015 00:00:00 +0530 Wed, 26 Mar 2025 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68305 The Board clarifies that where corporate entities are prosecuted for TDS/TCS defaults, only those officers whose responsibility or consent/connivance/neglect is established are to be proceeded against. The company and each prosecuted director/partner must file separate compounding applications; each director/partner may be charged a compounding fee equal to ten percent of the fee determined for the company. Director/partner compounding applications will be entertained only after the company has applied and its case is found fit for compounding. Circulars Income Tax Tue, 24 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68305