banner_ad

Compounding of an offence - reg

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 February 2015 Compounding of an offence under section 276B is 5% per month of the amount of tax in default as per the circular no. FNo.265/26/2002(INV) DT: 29/7/2000 263 (ITR) ST 3.
Is this percentage revised to 3% or is it 5% only? Any circular issued after this date?
Pls. clarify
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
21 February 2015 Yes amended. Now 3% for failure to pay TDS and for willful attempt to evade payment of any tax.

For details Please see latest guide lines F.No.285/35/2013 IT(Inv.V)/108 dated 23.12.2014
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
21 February 2015 yes amended its 3% at present...........
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details