Section 277A — the law in short
What the courts have decided on section 277A, in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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CBDT Compounding Guidelines 2024
CBDT Circulars & InstructionsHelps taxpayer
I want to compound my income tax offence. What do the current guidelines let me do?
Considerably more than the old ones. The guidelines of 17 October 2024 abolish the Category A/B classification, remove the cap on the number of applications and the 36-month outer time limit, extend compounding to ss.275A and 276B, allow a co-accused to apply for a company or HUF, and set TDS compounding charges at a single 1.5% per month with no interest on delayed payment of the charge.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.