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Income Tax - Frequently Asked Questions (FAQs)

FAQs on Compounding of Offences

What is Compounding of Offence?

Contents

Ans. Compounding of an offence is a mechanism whereby the defaulter is reprieved of major legal consequences by affording him with an opportunity to pay a sum of money to escape prosecution. The specified offences can be compounded by the competent authority either before or after the initiation of proceedings.

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