Income Tax: The Central Board of Direct Taxes (CBDT) has issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961.(18.10.2024)

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Income Tax

  • The Central Board of Direct Taxes (CBDT) has issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961. The revised guidelines supersede all existing guidelines and would apply to pending as well as new applications from the date of its issue. The guidelines facilities the stakeholders by reducing complexities arising out of existing multiple guidelines, simplifying the compounding procedure and lowering the compounding charges.

[NOTIFICATION F. NO.285/0812014-(LNV.V)163 dated 17.10.2024]