Compounding of Prosecution Under Income Tax Act Simplified !

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Prosecution CompoundingA person charged with an office under Income Tax Act can admit his guilt and  can apply for compounding of prosecution or offence as per Section 279(2) of the Income Tax  Act that provides that any offence under chapter XXII of the Act may, either before or after the institution of proceedings, be compounded by the CCIT/DGIT . So , here are the frequently asked questions on the compounding proceeding including the rules , forms and computation of fees for compounding of the prosecution under I.T.Act .

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