Transcript for:
Compounding of Offence in Income Tax

yo hello sir vijay ad this side today we are going to Going for CA final CMA final Scriptural Update for the Purpose of September 25 December 25 and January 26 for CA and CMA Finals. you guys read part one of this You must have definitely seen it in which there are many In detail, we have discussed about TDS Related to NR & TP Amendments were made. and this particular Now we are going to look inside the part Related to compounding of offence Amendments. Meaning which is the penalty topic Amendments made in it. Anyway Whenever the syllabus came, your penalty Unethical tax by removing topic name The Practices name was added up. There are major amendments in it. Now the big What is the amendment? I would let you know Am. Big amendment means 17 pages only And on the amendment related to just one thing has given it. Now what is this amendment exactly? Is? The amendment which came first is of CBDT Revised guideline came for compounding of for the offence and thereafter the CBDT Pay FAQ Launched Bye Bye Way Of A Circular. Right? And this is the detail of the circular You have been told. Now let's talk because of the examination point of view Reading is everything but being to the point is important It would be best if you asked this question sir can I come? Is. Yes I think this is A question may come. also come in MCQ Can. as well as you know there is a four on you A question of eight marks is framed above it It is possible depending upon which range Those people are asking. About 17 pages approximately Dedicated to your stock updates Given on ICI's website. 17 pages are dedicated only to this Above the concept. Right? Now the children's view Let me tell you. The children's view The question is who will read this topic? Who Will he remember so many penalties? so the maximum is that 270 A 270 double A read and go away. They say that all I can do is enough Is. But please this selective study of yours You will see this many times in this subject She makes me fail. I am a direct tax collector Inside I always say, son, you Don't do selective study. Direct Tax And no matter how much you know about the audit, try to do it in shortcut but The nature of the subject is like this, right? Always go and check the paper. The last four Pick up the year's paper and see. only and Practice is the only thing and only that. Conceptual clarity is the only thing Through which this paper can be cleared Is. No matter how much you try to shorten it you will do it sir it is not possible because the subject The nature of is like this. you know it yourself Are. The institute is issuing four modules It is just on a particular subject. So this cannot be done in such a short time. Yes. So definitely many things in this are short Can be done. But it is covered in many topics what kids do not cover many topics Shift it. You can't do this. Out of which this is one topic, Compounding of Offense. Now this is in 17 pages Covered in the amendment. I am insured I am doing this, I am giving you the PDF I have been in this, I have scrubbed it at many places And these scribbles I've done for my I am also posting it on the telegram channel You will see it inside the link below. So Do not join Telegram through link forget to do so that you get updates inside it May I get it. yes and no and this particular This is the video of me doing my chart revisions The entire DT International is available for free Tax Chart Revision on Playlist It is available inside it, you can add it It will be available yes boss so let's go Let's start with the concept The concept is provision for counting the un Page by Page in Ethical Tax Practices I will tell you what is in this ultimate page and did you refer to this page Is this page relevant I want I will tell you what is relevant in this page I will tell you that too, so listen carefully First comes its first page which Is page number 10. Ok? Here you First of all it is told that brother compounding is These two sections were under section 279 There was a cover. First of all a guideline for this I. This guideline has been revised and CBT issued circular on revised guidelines Taken out. So is this page useful? By the way Logically the answer is no. I gave it a shortcut I have written here that section 279 what are you can you do it sir? can do compounding Idhar before and after institution of Proceedings. So if your proceedings are to be before that means before your prosecution What did you do for compounding even before? Can you? You can apply. and one more If you get prosecuted, it means you will go to jail Prosecution was avoided easily There is a word in the language called jail. So if you once If jail is awarded then this order will come what can you do after that sir? Compounding can be done on prosecution Are. This power of compounding Who is it in? big officer that is PCCIT, DGIT, CCIT Officers It is in the hands of. and compounding of offence What does it mean to do? Compounding of What does offence mean, brother? Compounding Of offence simply means let's say You were offered jail in income tax. Can one go to jail for income tax? yes sir. Multiple within this chapter These are the offences where jail is punishable. Broadly speaking the maximum jail term is The terms given are for two years. Well, in some cases it is even more than that But two years is very common. Ok? Now See what this compounding of is what is the offence you can get money instead of going to jail you can say sir don't send me to jail Take my money, I am not in jail If I go then what is the compounding of offence Solving that particular issue by monetary Pay the term money and you will be saved from jail also We can put this in simple language in one word It is called compounding. It is being understood talk? So there is no sense in reading the first page Not there. You should avoid this page completely. Can be done. Now let's move ahead. Ok? These What happened in the guidelines? Revise Guidelines First of all I give you these two questions Has happened. This is the first of two questions What is the question? Meaning of Compounding It has been said. I don't think its up to it A question may come. though in short Let us understand. If you get a jail term If it is going to happen brother then it is better you spend the money instead of going to jail Pay it. We call this compounding. So listen carefully. of compounding What does it mean? Compounding of offence is a Mechanism ware by a defaulter. defaulter It is an obvious thing that has been proven will be. is reprieved of major legal Consequences by Affording Him N Opportunity to pay certain amount of money to Escape prosecution. So brother prosecution What can you do to avoid it? pay money Two. Brother, money has a lot of power. I always in my final lectures and In my motivation sessions I say that money is There is great power. Sir, you can also avoid going to jail We can save ourselves. and for this reason this method Concepts of compounding have been introduced. The Specified offences can be compounded either Before and after initiation of proceedings. So this one line seems useful to me What does before mean? You know that now You are going to be jailed. you before that Just do the compounding. or suppose Even after the order is issued, assume that the court I decided that yes brother I will give him one and half year of jail, two years in prison. In spite of that, you still What can you do for compounding? Apply. So Not Just Before It Is After Also. So the first question is I don't Looks like it might come. Second R These Offenses Under the Act which are not compoundable? Are there any acts which are now compoundable? Not there? Now see, this is a useful question Star mark it according to me. Right? Now what is this concept? See first This used to happen when revised guidelines were issued Before. So the revised plan in 2024 What used to happen before the guidelines were issued? There were some offences which were compoundable They did not exist. Meaning in that case if the jail If the offer is made then you will have to go to jail. So You will have to go to jail. I will have to drink jail water It was a situation like that. But compounding happens After this, these revised guidelines will come after that now everything is all matter It became compounded. That means you're going to go to jail now You can settle the matter by paying money in return And you can do this legally. To you No need to pay under the table. You have to get over The table is what this has to offer. so yes all offences Here all words are written, all offences under The Act is compoundable in this revised Guidelines. So within the revised guidelines Everything has become compoundable. So Brother, this question can be asked to you Is. What comes next? Yes sir. Now it comes that When did this guideline come? if so This guideline has come on 17 October 2024 that is These guidelines will be implemented on 17th of October 2024 has been issued and now all compounding Application which is filed after the date age Well as for the application which has already been filed is equal now the same thing again what did he do, if he repeated it then this Which is 17 pages, you should read the guidelines above The question answer form is given below is given in then we will answer the question You can look at the things in the form, just pay attention Now listen to this, when did these guidelines come? Sir, I will tell you the whole thing What is the concept? When did these guidelines come? And I think yes, that can be asked as well. Is. Ok? Well, when did these guidelines come? These guidelines came on 17th October 2024. So the question is being asked whether all Pending applications which will be available by 17th October 2024 Who were they too now under this revised guideline? Will you work or these guidelines 17th Only on applications made after October It will work. So brother look at the income tax What was Nirmala Sitharaman supposed to do? What was to be done? Was. Let me tell you. If you have seen my fast tag lecture Or if you have seen a regular lecture then I will tell you I've already told you that for the past three or four years Nirmala Sitharaman is trying to do that There are so many pending issues of income tax What should be done inside? give me a session should be given so what happens? the new income tax The Act which is coming into force from May 2027 But we do not take any carry forward Go. What to do people? giving the solution Go. Is equal. So now on 17th October There will be as many pending applications with this The intention is that we have to come up with a new act. Existing cases will have to be solved. So what did he do? Said brother What to do on 17th October? As many as are pending Those who had applied should also follow this revised guideline Cover inside and 17th October 2024 Cover whatever comes after that as well. So the total What is left after mixing it? Pending Applications are also covered in this revised guideline and after that only application cover Are going to happen. So Weather Revised Guidelines are applicable on pending Compounding application. if yes weather the The applicant has to file a fresh application. Now look, another issue has come up in this, whether it will come back There is no need to make a fresh application from And is there a need to pay fresh fees? Now look at the compounding that is done There is a fee involved in that. so do you have any fresh Do I have to submit an application? I will tell you clear I have done it. of the income tax department The mindset right now is that as much as If there are any pending cases, finish them. Now if New applications come again, new again If the processing was on then it would take a lot of time It would have happened. So they made their work easier Gave. He said brother someone look at you There is no need to submit a fresh application There is no need to pay any new fees again It is not going to happen. So check the answer what is written? Yes Revised Guideline R Application on the application which are Pending before the issuance of this guideline. So all the pending matters got covered in this. The application which is available was pending on 1710 and are not required to have a Fresh application and to pay a fresh Application fees. So brother, there were as many people as there were They have to make a fresh application, right? Fresh fees have to be paid. Are you getting the point? Read it quickly. It is done sir. Now comes this one This part is covered in this MCQ Has gone. Ok? and I gave it a shortcut I also wrote it here. so this whole page We have written here what we have read. has given it. don't read the whole page just read this If you read even three pages, the work will be done. Yes. Good sir. Now there was another issue. a bit carefully Understand this. what was the issue that sir suppose you From issue to issue of revised guidelines What did you do first? did any application Was. The application which has been rejected Was. What had the application received? I had received the rejection. Now the question arises That he had received rejection earlier. What That again within the revised guidelines Can I apply? yes, what are you Can it be an application? The application which He had been rejected earlier, be brought back in the revised guidelines can it? So now on top of that they what did you say let me tell you that this what to do, we have to solve it otherwise this If he keeps coming back and poking again and again He said, first of all, look at this why was the earlier rejected if this Earlier rejects were done on the basis of merits The computer was checked by the authority I had checked all the merits and after that It was rejected so we will reconsider it I won't do it but if it is for any other reason not because of merit but because of any other reason Because of which the application was not complete The documents were not complete and the fees were not paid properly But I did not pay. that of compounding There were conditions but he was not satisfied. If it was because of these reasons then you You can reapply. come on once again which before the revised guidelines are issued, if I had applied and it was rejected. Can he re-apply? Depends He will do it on two things. Option number one. if these I was rejected on merit earlier. it can Do not re-apply. if it is not on merit Application for any other reason It was incomplete, the documents were not complete, The conditions were not satisfied. Etsetra If there is any issue other than merits then what are you doing? Can you do it? You can re-apply. Work End. Please check it. so weather epicent huj The application was rejected in earlier Guidelines on the Ground of Being Convicted is eligible to re-apply. What Can he re-apply? what for The Revised Guidelines on Compounding Age? The The answer is yes. Absolutely can. sleep in The case of rejection was solely on account of Conviction without examination of merits. I did not check the merits here Was. so you can. really apent can Re-apply in terms of revised Guidelines. So brother that revised guideline I can bring it on. Ok? Read this highlighted part here. Application rejected in the past on Merits by competent authority shall not be Reconsidered under this revised guideline. That is, if it was done on the basis of merit then No. Now look, I have posted this whole page here I have summarized it. Let's read the summary quickly Page number 11. which offence now which Offences can be compounded? he said All what about pending application know New Application and Fees Required Now If your earlier application has been rejected then you can apply you can do it again no problem and If competent authority on the basis of merits had earlier rejected It Shall Not Be Recommended brother, full page summary three I have created R U here in the line Getting the point done, Malik, so this page It is completed, let's come to this page What is inside this page right? If people want to download this complete PDF from telegram If you don't want to remove it then take a photo of it quickly It is done sir. Let's go to the next page. What is the next page? Let's see. Now They are asking, brother what are the conditions To file a compounding application? Look at this This is the application of compounding is given to the authority. Such as CCIT, Given to DGIT, PCCIT, DGIT goes. Ok? ok now here it is How will the application be done? now here Look at the two new models he suggested. One You can also submit a single application. Single Application means of a particular year If you want to do compounding then we will do it It will say single application. If suppose the Come you know of your many years If we want to do compounding then we will call it Consolidated Application. So brother new revised There are two ways within the guidelines The applications have been provided to you. a single Application A consolidated application. A single application will cover one year. Consolidated Application More Than One Year Cover Will do it. Is equal. ok now come to the second On the point sir suppose you have already I had applied. now revise guideline In you are doing a consolidated application. So is there any higher benefit in Consolidated Application? Will there be a fee? The answer is yes. Because it shall be considered as a subsequent application. And What does a Subsequent Application consist of? Means if you are applying for the second time Are. What happens in the subsequent application Is? The fees you charge seem to be higher Is. The compounding fees will definitely be higher. that sir another question was asked that how many we Can I do bar compounding application? This There is no pay limit. How many times we Can I apply for compounding? on this There is no limit. So let's go here See. Application is made to be judicial Principal Commissioner Etsetra. Right? Forest If you are doing it for the financial year then we This will be called a single application. Right? For whom the compounding application can be made could it? Can be done for multiple years Can. if there are more than one rejected Application in one consolidated application Be filed for all such previous year. 5 10 You may wish to combine the years together Two. There is no problem. Now cut this into three The question has been put in framing. These The entire guidelines were the same question Put the answer in framing. and believe me You will get these direct question answers. yes and No. Right? so weather application can be Withdraw a Can Withdraw a Compounding Application and file a new application. Value Look, you did it first. You can withdraw it I want to install a new consolidated one. What can I do? yes it is subsequent It will be considered and higher fees will be charged. So Applicant can file a new single Application and Consolidated Application After Withdrawal of an Earlier Application. however Such new applications shall be treated as Subsequent Application and a Higher Compounding rate shall be applicable. What is the compounding rate? We will see further. Correct Is? Second, weather apant is required to File compounding application for all offences together for which prosecution has been Initiated. what does different mean Separate applications have to be made for each case What? Guess I did it, no return If it was full then there was a separate jail for it. I had not disclosed my income, so There used to be a separate jail for this. I have completed International If the transaction was not disclosed There was a separate jail for that. So these three What to show in different applications or which I can do as a consolidated application I am doing it, I have to show it together. So He said look brother we don't have time Is. Preparing us for the new act Is. All your needs in one application Write down the crime. We are all in one application We will consider it with you. So what you consolidated You will make an application, write everything in it, we will If we see it together then there is no application Apply for one or multiple offences in an Application made one mistake or thousand mistakes Write in an application that we have time No, you have to come up with a new act Do all the work quickly by installing a single application Put all the sins of the year together submit it together submit consolidated application and finish the work okay question number three is there any limitation as to the number of Time compounding application can be filed no g there is no time no limitation on number of times a person can file If compounding application then this is revised return As much as you can within the time limit If you want to do it then do it boldly however Reject an application in the competent authority File by person on the ground of being a Habitual offender however many times you keep doing your time but what can the authorities do yes she can reject me, he says she is worthless every time there is a habitual offender every time something He makes a mistake and comes to apologize And remember sir, I am sorry if I made a mistake once It should be done. must understand it a second time That he is a habitual offender of committing a mistake. Remember this in life also. They He is a habitual offender. Brother, I will not forgive you this time to do. Every time you have to bend down, this It is not right to bend. And this is for DT. It was not there. It is equal, boss. Isn't it? here What have I done? What he taught next All the seven conditions related to it have been mentioned here It is kept in writing. Right? The first of this You just read how the application should be? Single will also do. Consolidated will also work. Consolidated means earlier year and it because it is being considered as a substitute Its higher compounding rate will be applicable. Did you all understand this? So this happened This particular page of yours. Ok? These three questions. Now beyond this What have you given? Further, he said that Brother what is the time limit of this application To file? Right? See, you can do it before the issue as well You can do it even after the issue. Yes. so is There is a time limit for filing an Application for compounding? no n Application for compounding can be filed at any time after committing the offence regardless of weather the same has come to the Notice of Department and Prosecution The proceedings have been launched. So brother Whether prosecution petition was launched or not You don't have to wait for it. Prosecution You can do it even before the prosecution You can do it later also. Not so relevant. Next let us see what is the fee for compounding Will it hurt? That's why I looked at the next point Fees written directly here. I understood it To you? Right? so that when you read this shortcut You understand what you have done Is. Okay Sir, now let's come to this. Sir What will be the fee for compounding Is? Sir, let me tell you two things. ₹25,000 will be charged for single application It is there. And it will cost ₹50,000 if If it is a consolidated application. So brother There is a fee for compounding. How much is the fee? I have already given it to you. So just take a look at the Compounding Application so and consolidated application filed on and After 1710 apent has to deposit non Refundable application fee or non-refundable Hey brother, I am not going to meet you, he went back If it is like your heart then the application fee is How much will it cost ₹25000 for a single liye and bhaiya double seater hai 25 * 2 50 Consolidated Consolidating Application The sedate fee is non-refundable Butt adjustable. aye hi this line is very cute Is. Non refundable but adjustable. Now this Where will the adjustment take place? it seems to me The question will come on this. Ok? So this is you There will be no refund but it will be adjusted. But there are some conditions in adjustment also. We will see further. yes as decided by content Authority. So let's create a shortcut What is written in it? Bhaiya single application 25, Consolidated Application 50. Understood Did you hear the matter? yes these two points are cleared Here. So inside this page you will find this Had given. Now what did they do about this thing Did? put the question in answer format Gave. I have put three, sorry, two questions in front of you. Given. What is question number one? Weather Compounding application fee is adjustable Against compounding charges payable. He said, look, you just said this The fee of Rs 25,000/- 500 is non-refundable The butt is adjustable. He said brother Tell me how it will be adjusted. come on come on easily Let me explain. Suppose you have an application Did. Right? Compounding fees adjusted May go. yes sir please adjust it Can. But against whom? only Against compounding charges. which of yours You have compounding charges against him You can adjust it in myself. Cross You can adjust it against the application Can't do it. Now understand it like this. Do you? For Multiple Times Compounding can I apply? The answer is yes. Now what did you do? please understand. You Did the first application. In that you invested 25000 Or even increase it to Rs 50,000 as a case. You I applied for the second time a you know and You said that the first application that I made So I am withdrawing it. But I have You can adjust the fees that you had paid here. Is it first in second application? Can the application fee be adjusted? He said the answer is absolutely no. He said look at Application One which There were charges against me I can adjust it. But you will say I of first application in second application I will adjust the fees. no because your The application is fake but it is non refundable It is adjustable. So why should I adjust? If I have any problem in that application one The offence was found and some payables were received in it I will adjust it to that. But the forest's I will put the application which is unsettled in two I won't be able to set it off. are you getting the Point? Yes. So see what he said? What Is the Compounding Application Fee? Adjustable against the compounding charges Payable. He said yes compounding fee is Adjustable butt only against compounding Charges payable for the offence and to be Compounded in a particular application. That Against the charges mentioned in the application If I adjust it, it will work. I Cannot be taken to another application. Cross application adjustment is not allowed. first application in second application Adjust it. While the first one is settled Has not happened. You had withdrawn. The money was withdrawn. You give him another Will not be able to adjust in the application Friend. However if compounding application is Rejected for any reason. Well now He had rejected it. Who? The authority did. He himself rejected it Was. Then you will get a refund of the application fee You need it, don't you. Yes and no. No. Compounding Application is rejected for applicant Rejected for any reason. The Application Fee Shall Neither Be Refundable Nor Adjustable In Any Subsequent Application. If the authority Rejected it, money lost, game over. Did you understand it? put coin in machine To shut down the machine immediately he got ₹1 back Neither is it going to come nor is the ticket going to come out. Are you understanding the point? So you have applied I got rejected from the front also. Money The game is over. so no other clause This will be adjusted in the application and Nor will you get a refund. second question what are you asking? Tell me sir. Second I am asking a question. Weather compounding is allowed if application for such an offence was previously Rejected. IF SO WEATHER SEPTEMBER APPLICATION needs to be filed for more than one Application rejected under the previous Guidelines. How will compounding application work? Fee B charged? Now what did he say? Value Suppose, I had submitted a single application. I got rejected. What will I do next year Can I make a consolidated application? and how to do it next year It will be seen and how the fees will be charged will go. Yes. We know this. If the first Even if the application is rejected, you can consolidate You can put another one. Ok? so yes n Applicant may apply for compounding of Offense Through a Single Consolidated Application. You can create a consolidated application Put it down and the work is done. If One or More Application has been rejected. however joe fresh Application has can be filed if true Rejection where on account of curable Defect and non application is allowed to be Filed for any of the rejection maid. Compounding application fee chargeable for a Consolidated application would be in charge This case. So like consolidated application For which a fee of Rs 500 is charged The same will be charged. So your single Applications were rejected for different years Were. Now Consolidated Application Two Years You can pay it in one go but the fee will be It will be 50,000 and not 25,000. are you getting the Point? Yes this is not that relevant. What is relevant? I think this one The part is relevant. Whether compoundable fees can be adjusted What? So I don't think this question is it is possible but this one can come that bhaiya this How can it be adjusted? Is that done? So Bhaiya, that was all there was on page 13. Now come on Top of page 14. Yes sir bhaiya. We have also written this in the conditions. See When will you be able to apply for compounding It is written here. Right? And from this A related question has been given. But this which This is the question from this whole part, right? It is not related. this is from the whole part It is not related. I will explain it to you comfortably Am. Just listen. When you apply for compounding You will apply, you have to make sure your Whatever taxes, whatever interest you pay And all the fees and other dues that are You should pay it. remember this Whatever tax you pay before compounding It is due, whatever interest is due to you, Whatever fees are due, you will pay them all should give. The government will see to it The amount of liability you have before compounding Yes, have you cleared all that or not. Is it clear sir? So All Outstanding Taxes Interest Penalty and any other due relating to the offence The right has to have been paid before making it The Compounding Application either you should pay it first or at least you have been paid means all its arrangements Should be done. however if on verification Department any related demand is found Outstanding and is considered payable the same On Being Intimated To The Application Has To Be paid within 30 days. or suppose On applying, you will get a check on compounding I didn't tell you after doing it, no let's do one thing Pay also. so you have to make sure that you What can he do in 30 days? Pay it. in In short either your entire liability will end Should be known. came to the attention of the Department Communicated to you within 30 days It should happen. Is it clear sir? ok and what do you want along with it Is? I also have to give an undertaking that brother I paid whatever was due to me Gave. So this is inside the application itself will be. The applicant has to undertake to pay the Compounding charges with in the stipulated Time Frame Withdrawal of an Appeal. The Third One and I have given you the conditions related to The question has been created here. Now the question What is? Please understand this. When you are compounding If you go to do it, you will get tax interest The dues have to be paid. as much as you Your appeal is pending, you can withdraw this also Have to do it silently. So the weather on Epicent is Required to withdraw appeal related to Offence which is to be compounded We are going to compound it related to this Have you filed an appeal? Is it necessary to withdraw? The answer is yes. Yes. to be compounded before filing a You can avail the compounding application right Actually there is no need to withdraw it is it right you have to undertake that withdrawal Any writ petition including appeal filed yes we will do it right being in Compounded and in case where appeal is on the Mixed ground. because look at your The appeal is that it cannot be on just one thing. Your appeal may be for multiple things You are on top. Yes and no. Your appeal may be What are you above? Be on top of multiple things. So it is important for you to see that accordingly. Check it. Weather an Applicant Is Required to withdraw an appeal related to Offences to be compounded before filing of an Compounding application. what is compounding You should appeal before filing the application Do I need to withdraw? Look first No need to do this. Isn't it? Application There is no need to do it before doing it. because you assume why did you do that might have gone? You applied for compounding And you first withdrew the appeal and then Made compounding application. be rejected Went. So you are not appealing right? Regarding compounding. So you have your right to File and appeal cannot be taken away By giving the lure of compounding. are you getting the Point? So he said look brother Withdraw the appeal before applying Not required. Right? because tomorrow compounding will happen If it is rejected, you are left with no option to appeal And you will not remain here. he said look There is no need to do this. Right? Yes. But if your compounding is accepted If you go then you must give an undertaking that if you know my compounding once It has been accepted. I will withdraw in April. Give. So you should first withdraw money from April Not required. But to give you an undertaking If needed I will withdraw. I will definitely do it. You accept me I will withdraw it. in short either me Should I get justice here or should I appeal? May justice be served. if you are giving justice I promise you that what I will do Give? I will withdraw it. nice one more There should be more than one ground in the appeal Can be done. More than one ground in appeal can also be. Right? One who is compounding It may be related to that and other things Related. So whatever undertaking will be there This will be related to what is inside compounding You are getting it in. So this is your appeal There will be continuation of the other issue. then respect Here is an issue on which you have to Compounding is available and there is another issue Which has no transactions with compounding. So you have to withdraw issue one. An undertaking has to be given. issue to your continue Maybe in the appeal. are you getting the Point? This is a good thing. I think the appeal This should be asked with a question. Very This is a conceptual issue. so no withdrawal of Appeal is not required. You have the application No need to give withdrawal before doing Is. However applicant shall undertake to WITHDRAW n. Brother, what do I want to give you? An undertaking has to be given. What do you want to give? An undertaking has to be given. to assure that I will do it. You accept it. now like this Why was it done? Brother, first withdraw your appeal Would give. Understand the concepts logically Verient friend. If you first appeal I would withdraw the money and give the undertaking later. go. Sorry, we will get it compounded later If you had gone and they had rejected you, what would you have done? So it would be better if you Give an undertaking. The day I accept you It's done, then go and withdraw it silently Have to give. Including writ petitions. writ Where are petitions filed? High Court In. If anyone related to the offence being Compounded. in case where appeal has a Mixed ground. The Grounds of Appeal The offence relating to this has to be compounded. in which that ground of compounding is that You should withdraw that only. Second Continuation Can do it. Now look at this thing, your brother. has written here in short cut. come here. All All these taxes will be on you Needed you have to undertake that you Will pay the demand made within the allowed time. You have to withdraw the appeal in case of mixed issue The part which you have regarding the withdrawal issue An undertaking has to be given first. once yours It was accepted. then here There will be withdrawal. Is it clear sir? To understand Came? Your full five points which we have here I have written it on it. So it is better than reading so much If you have written these five-seven points If you read this, your work will be done. I understood it Are you doing it friend? Let us go It is done. Read it carefully once, my friend First. So now let's move ahead friend. Now comes the consolidation of offences related to TDS. Is TDS also related to TCS? Can offences be consolidated? They He said, yes sir, it is possible. any methods It could be of. So see an application for Compounding of offence under section 276B. Do you know what section 276B is related to? Related to TDS. and 276 double babies from whom Is it related? Related to TCS. Yes. So Can this also be compounded? Yes sir It is possible What did he say? These It is relevant. The Total Default on Account of Non payment of TDS TCS for a Quarters shall be considered by combining the Defaults in all the statements filed by The TDS deducted. So the TDS deductor His statement will be verified. And this is for a particular quarter There are also defaults, what will be done about it? Even This will be done in respect of a relevant Quarter. Is it clear? Although so much It is not relevant. Then comes the revival of Defect of any application. Suppose you have did any application and in this application If any defect occurs then will this application can be revived without you knowing A without being cancelling the whole issue? What If I make a mistake while applying If it happens then can we revive it? It's just that simple. See applying Time can be wrong and giving this power It is necessary. He said yes sir you need this This is the power that we call a curable defect Are. So a new word for this is curable Defect. He said look, if you There is a defect in the application and it If it is a curable defect, what can you do about it? Can you? can improve it. How long will the improvement take Can you? With in one month. You have a defect If it is received then you will be communicated. within one month of communication You have to correct this defect. And this makes your What will be the application? Be Revived Will go. It's just that simple. Right? So Applications which do not fulfill the specified conditions and are not acceptable Due to the curable defect truth as you Tax was not paid. non payment of Outstanding tax interest etc. The application has not been filed correctly. You did not file the correct application. Inside the application you have made financial Year or section number was written incorrectly I wrote it incorrectly. Shall Be Treated As Defective under these guidelines. however true Application can be revived without additional Payment of compounding application fees Provided that defects are cured with in one month from the date of intimation of Defect. One month from the date of intimation. Forest What can you do with Month from Date of Intimation? Take it? Get it fixed. annie further Application for the same purpose. for this very reason If you submit another application, we will treat it as a subsequent application and then Separate charges will be levied on you. Additional Will impose charges. So you can use the same application what should I do with it? revive it rather then Filing a new application. New Application If you file, the charges will be higher. Beans The application can silently rectify the defects Two. You will not be charged any charges and your What will be the application? Be Revived Will go. Yes and no sir. I don't think this can be asked. Now comes one more thing. Point number four which is given on this page. Page Number 16. Don't take tension. just too big remains. You still have a lot of things left to do Is. Are you getting the point? from so much like this I don’t get tired. Right? So, I have to study. Details Read it in. I always say read to your limits Do it or else cancel the program. See more Children you guys will be here on September 25, December 25 Or are you going to give the exam on January 26? Standing on that stage of your finals Friend, where not everyone can reach. Right? Every time you think that friend you know I will do it this time, I will work hard. See Friend, it is not going to be enough with this. the level at which you are standing at the examination center, aren't you? Stands above people's dreams. own Stands above the dreams of the parents. This If you didn't work hard on time, What will you answer to this friend? It could be that you First among people with multiple attempts You have also done it. every time at the same place Go to the library and see. of the Foundation to children for intermediate and intermediate children for Coming to the finals and seeing if this is a smart move Not there. You may be very intelligent yes. Your intellectual ability is very high but The papers are not being passed. one of his right Let me tell you the reason, that is the correct reason, writing Practice. You think I am a good teacher by taking a class or by taking a good class The work will be done if you take it. believe me not like that Would. Believe me this doesn't happen. the children who those who have read it from me know that I am What do I say on the path? I always talk about this I say it is not about the class. It It's about practice. Isn't it? Practice means Writing practice will help you. You You can select any teacher. roughly But everyone is teaching the same thing, my brother. All People are teaching like that. just teaching someone The method may change. all the rest read the same have been. Yes and no. But you have to do that work Have to do it. If you are not passing. Be it any subject. Belongs to group one, Be it group two, FR, audit, You know whether it is SCM or your DT why should it be IDT, it is necessary to pass There is only one link. practice writing Will have to do it. And if you write and write you are not going to practice and after that you He is saying that I have had multiple attempts If it seems right then it is correct. Why? because You have to write, friend. and the last three years You did not see anything inside the article ship It is not written. and until you write it down no, your paper will never get completed Can. If you solve a 100 marks paper You are coming after scoring 80 and you will say that you have passed let's go. If you get 40 then it will be only 40 It doesn't work. You also have to bring aggregate 50 Are. We have a saying, friend at 40 you are pass at 49 you are fail. All three Even if you get 49 49 49 in the subject, it is still yours Will fail in aggregate. put your mind to it Your minimum target is not 40, your minimum The target should be 50. I am understanding it Friend? Only then will your work be done. Otherwise your work will not be done. Isn't it? So smartness comes from sitting in the library and just by saying that you Complete provision comes. I have many children I will see now here Pune Prestige I see many children on the point. Genuinely he knows the whole concept. All It comes. You can ask them anything, they know it Is. That child booked it two-three times I have opened it and read it. you know the problem What is? The problem is, that's not the point You should know. This is the thing for you You should know how to write. You do not take an oral test Have been in ICAI or ICMAI. you give There has been a return test. If your mind If what is going on in me is not in your hands no paper pe nahi aa sakta na it is of no Use it my love, it is of no use. Are you understanding what I am saying? Right? the rest something like this Do you want to talk or some other problem of the heart I want to share it with you on Instagram too I will meet you in the name of CA Vijay Adada. You You can share it with me there also. There is no problem matter. Let's move forward Let's increase. Offences Compoundable with Approval Of higher authority. Look at what has been done. Some items are written in such a way that only if the Chairman of CBDT wishes Compounding can happen. What do you mean? These Compounding which is generally done by PCCIT, DGIT, CCIT or Principal DGIT These particulars used to get compounded from It is written only Chairman 2 This can be done only through CBDT. from these officers Will not even be able to happen. I understood the point In a clear way? Isn't it? I don't think so This may come in the exam. Still reading It is our responsibility. Competent Authority in Following cases. In these following cases which There is a competent authority, who will it be? Chairman of CBDT and not CCIT, PD, GIT Etcetra. Who will do this compounding sir? The Chairman will deal with these offences. What are the offences? Offense number one. in case of an offence for which application has been convicted with imprisonment of two and more years with and without any Fine by a court of law. If we assume that The conviction which has been given to you is from the Court of Provided by law for 2 years or more With more and without fine. Straight In words if the court convicts you What has been done by the Income Tax Department Prosecution of. The court sent you to jail If the sentence has been pronounced then you know officers this Can't handle the thing. to this thing Who will handle it, son? chairman of CBDT. sec What did he say? N Offence which is related to another offence Under any other law. under some other law Any other law that has impressed you By court of law. so brother one here Under which act was the impoundment given? Was? given in the Income Tax Act Was. Here in Any Other Law you will find the court I have impressed you. Who has impressed you? The court is impressed. so the chairman Can handle this matter. c if n Application as per the installation available on the Basis of investigation conducted by Central and State Agencies have been formed to get involved in Anti National Terrorism Activity. if the value Take anti-national or terrorism activity and Central or State The agencies have identified it. For The example was a YouTuber in recent times Jyoti Malhotra who was accused of anti-national activities Related Case Ends of Activities Impressions are going on. Now if he is a If it wants to come for compounding then its Approval has to come only from Chairman to CBDT Needed Do you remember me? Right? So its Through whom should the approval come? chairman two It should come through CBDT. then it will work Can. Right? Fourth If an Application Being a person other than men is accused where it is provided that application Facilitated Tax Evasion Through Mechanism Sach as use of entities for laundering of Money, Generation of Bogus Invoices Without Actual Business by Providing Accommodation entries and in any other manner which is Prescribed in 277A. If section 277 under a you know man except that there is some other entity which is in you He was engaged. Was engaged in money laundering. You prepared a failed bill and gave it to the entity. You without doing any transaction with him just make purchases and Sales entries are shown. Main Accuse If you are another person other than The second person will also get the application Through whom will it have to be approved? Chairman It will have to be approved through CBDT. If an offence is directly related to an If your offence is under Black Money Act Inside is the Prohibition of Anonymity transaction is within the act and its If you have been jailed under this, then Compounding is only for Chairman Two CBDT will do it. Or are you someone like this Offences covered under section 275A It is being covered inside 275 B. This also only and only chairman to CBDT Will do it. So these are five cases in six cases within these six cases Chairman to CBDT your compounding of Rather than CCIT, the offence can be looked into DGIT. I personally don't think so A question may arise above. We will move ahead. From this Two related questions have now been given to you. End Believe me these two questions are the whole above It is based on guidelines. Check what is it? What Offenses Can Be Compounded? The application has been convicted for Imprisonment of two years and more. They where has it been yes such offences however be Compoundable only with the approval of Chairman. So suppose if you have two Conviction of years or more received Is. Who are you meeting? Income Tax Act Have you got it in this or have you got it in some other law? The chairman can do it. Second Weather Case Involving other agencies like ED, CBI Can be compounded. yes sir. Even if the case It was from other agencies, we can compound it Are. Right? But what shouldn't it be? In antinational anti terrorist activity Should not happen. And brother its approval Who should give it? Chairman of CBDT. So brother other acts like ED, CBI or We will be able to do compounding here for Adar also. But who will approve it? Chairman. And That anti national anti terrorist activity Should not be in. this way of Questions can be framed on this. Yes. ok sir now comes the next point Bhaiya TDS TCS related compounding If it has to be done then who is the competent authority for it because there was a separate section for this He told me so brother principal CCIT DGIT CCIT etc. if a Person has committed offence under section 276 B which 276 C 276 Double B was related to TDS which was related to TCS for non payment of TDS and TCS in respect of resident and non resident Overly true persons normally lie with more than one jurisdictional charges in such a case Officer Being PCCIT CIT DGIT Etcetra will be the competent authority in These people in case of short TDS TCS Will the competence authority not become so big? The team is the same for everyone anyway, forced back Only those six items have been repeated here The chairman is for what he is and for everyone else This is true whether it is a matter of TDS or TCS. Whatever other matter it is over. Let us come to the compounding procedure. But Please revise it once before coming here. Do it. Please revise this one. Dear friends Let's move forward as you move forward Sir we are coming here How will the compounding procedure take place Now see the procedure is going to be very simple Is. There is no huge task in this It's not and I don't think you should A question may come. again but the time is There are limits, questions can be raised on it To you. So what will be the procedure? You Did the application. After applying What will be done? I sent you a report will go. Who will the report come from? will come from AO and It will come from the deputy director that tell me brother What is the issue? so on receipt of the Compounding application. So we complete I am going to read the procedure. complete Theory. Ok? so on receipt of an Compounding Application, The Competent Authority has to obtain a report from the assessing Officer, Assistant and Deputy Director Concerning who has to submit pleading to the Competent authority through a proper channel. So Then what will those people do? will submit. Ok? Now after the application is received, everything The application will be reviewed. this could be ok yes, it may be not ok. even if rejected If you want to do it then there is a time limit for that too. We have to accept it, there is time for that too There is a limit. And the time limit for both is same. If you do not want to accept or you Have to accept it. time for both There is a limit and the time limit is same for both Is. What is that time limit? Time Limit is 2 months from the end of the month on Receipt of application. Application Receipt As soon as this happens, within 2 months you can either You will either accept the application or The application will be rejected. Ok sir. What will happen after that? You get your compounding Charges will have to be paid. So first the application The report came, was it accepted or rejected? Did. If you accept it then what after that want to do it? Whatever the compounding charges are He has to pay. When will you pay? one month from the end of the month of receipt and Intimation. You will then be given intimation. And as soon as this intimation comes, at the end of this month what do you want to do with it? within a month What should be done to this? I have to pay it. Is it clear sir? ok now you have 1 month What generally needs to be done inside? pay Is. Is there a time limit to pay this? Can it be extended? I feel so It is possible that you may get a question here. Yes. So look at the general rule, you have applied. After applying you will get Accept or Have to reject it. This has to be accepted. Either one what would you do with it? Reject do. For how long will you do this? with in 2 months from the end of the month of application. from where the application was given Within 2 months. Then what will happen? You Have to pay the compounding charges with in one month from the end of the month of intimation. now how many months do you normally Do I want to pay? As soon as I got the intimation From there you can pay it within 1 month. Have to give. Now is this time limit extended? What can happen? So come here we It is written in shortcut which you can use It will take you almost till here. Now just a bit Please understand this carefully. You have your time limit What is the plan? Have to pass or accept Either you have to do it or reject it. for how long this want to do it? with in two months from the end of The month in which the application is received. Then What does he have to do? What do you have to pay? You have to pay it in one month from Intimation. Is it clear sir? What will happen now? Is this extension possible? Yes sir Extension is possible. For how long? this 1 month can be extended to 6 months Can be done by competent authority. You Please give an application that sir please this for 1 month I will not be able to pay. some time for me Two. So you can get 6 months time. Whose approval will be required? Of the competent authority. You need more than 6 months. So 6 You can also get benefits from one month to 12 months Extension can be obtained. which should be Approved by PCCIT. From PCCIT Get the approval and you will get more than 6 months You can get an extension of up to 12 months. Was it also extended beyond 12 months? Can I go during this time period? because it is The amount may be bigger in some cases. So Was it extended beyond 12 months? May go? yes sir. 24 month the last You can get 24 months time. Meaning Practically friend, I am giving you 2 years right? Those people. So 24 months beyond 12 months 24 It can even last for months. but beyond If 12 months have to go then CBDT chairman What will you feel about it? Approval will be sought. sleep less On application came. After the application is received, you Accept it within 2 months or I will reject it. Suppose if you Accepted paying compounding charges Is. By when do I have to pay this? with in one month From the end of the month when you get intimacy found. Is this a one month time limit? Can it be extended? yes sir. Six The extension can be extended up to a month By Computent Authority. Six Months To 12 months can be extended by approval of PCCIT. And if you are between 12 months and 24 If you want to extend it for a month then you What will the Chairman to CBDT have to do? Approval will have to be taken. sir what is beyond 24 month Can it be extended also? The answer is no. What will happen to you beyond 12 months? Yours You know the application is getting rejected and your prosecution will be initiated Will go. Although there is a session in this too. You Submit a new application. Yes and no. So Please check it. What is your time limit for paying? The Competent authority shall remain while intimidating the Amount of compounding charges required him to pay the same with in one month from the End of the month on receipt of intimation. As soon as the intimation comes, one month from the end of that month Pay it within. how ever on return Application for further extension of time The period may be extended up to six Months. Right? which is to be done completly Authority. Extension beyond six months up to 12 months shall not be permissible except with prior approval of PCCIT and Between 12 Months and up to 24 Months Shall Not Be permissible accept with the approval of Chairman to CBDT no extension shall be allowed after 24 months from the end of Receipt of true intimation. so all this here It has been kept after scrubbing. tension taking work No. What will happen next? after this It will be rejected. Where is the compounding? Charges are not paid within the time allowed. It shall be rejected. and give him a copy Will be given within 15 days of filing Complaint to Alv Pret Application. clear is it sir? Let us assume for once that he made all the payment Did it etcetera. What will happen next? One Final order issue will be done within one month from The end of the month in which charges are paid. Suppose you gave it to him within 1 month I paid it. As soon as I paid that Final within 1 month from the end of the month The order will be issued. so where the payment of Compounding charges is made with in time allowed and extended as a case may be the Compounding Authority shall pass the compounding Order with in one month from the end of the month A payment of total compounding charges. Is it clear sir? Tax payer particularly NRIs can avoid this Opt for compounding due to misconception That it constitutes an admission of offence. Yes, this is a great part added. In the guidelines. This too has a star mark Do it. Look at what happened before This has happened in the guidelines and in some cases that as soon as you have done the compounding This would mean that you had Confessed to the crime. Isn't it? You If you paid on compounding, it means you have paid on your Confessed to the crime. this revise What happened due to the guidelines? NRI which used to be particularly and not just NRI Resident Me. They have a lot of problems It used to come later, you know, their international Regarding or within transactions They are facing a lot of problems regarding transactions used to come. Now to remove the suction of this thing What has been done which is a revised guideline He said that if you use compounding what should i do, should i even file an application if yes then it will not amount to acceptance Off conviction. This is a very wonderful thing Has been brought. Compounding is not equal to acceptance of Say offense son. So these are revised guidelines A great thing has been added inside it. Please understand this carefully. See the issue, what it was It is completely explained here. So The Tax Payer Particularly NRI Avoids Opting for compounding due to the Misconceptions that it constitutes an admission Of an offence. I think its over He will make a case study and ask, bhaiya If you have done compounding then have you people done it? did you accept it? I am saying 100% On this you will either get it in September The question will appear either on January 26 You will see the question above it. Right? for admission of an offence which could be committed could affect their reporting obligation at Various Statutory and International Forums. To Address This Misconception and Encourage Tax payer to see compounding. it is directed that competent authority has to Indulge the following paragraphs in Compounding order. this compounding order is intended to resolve the offence and should shall not be constituted as an admission of Offense by the Apparent. So what did they Said? What is the objective of compounding Is? We want to resolve the offence. It doesn't mean that what you did to him Have you taken it? I have been admitted. check it out From. Let's move ahead. now look here But you will get the same thing in the form of question and answer. is given in the format. The first question is written Weather the Time for Payment of Compounding May B Extended beyond 24 months. will remember So no, you cannot extend beyond 24 months can do it. you will get it later Prosecution will be initiated. so answer is no. Beyond 24 months extension is not allowed Aloud. If it is not already initiated. then application can file new application for the same particulars will be treated as Subsequent Application. If we assume 24 The months are over. back to you from A new application will have to be made and this shall be treated as a subsequent application. One more A question has been asked. The Revise at the Edge Guidelines for the Payment Period for Compounding Charges may be extended up to 24 months. Is equal. only from the end of the month in Which compounding charges are intimated. For pending applications which are payable The payment initiators were made before the Issues of revised guidelines but not fully tree. Tell me what about pending applications will it be done? Pending applications which are already On 17th October 2024, there was someone at that time If there were pending applications then the time for this The limit is 24 months, how will that be considered? Now this revised guideline which has come in this The time limit is 24 months in case of a Pending Application in case of a Pending Application will be made available from the end of the month after the guidelines are issued We will count means 24 months from October 24 will be counted where any of your The amount is pending. so for application Pending age on 17th October 2024 ver in Compounding charges were not fully paid within the time limit allowed as per the EARLIER GUIDELINES AND WHERE THE TIME LIMIT HAS BEEN not expired the period of 24 months will comes from the end of the month of issues of this Guideline that is October 24. so pending The applications which were there in October Time Limit 24 Months from end of October 24 Months will be counted. what for this No additional interest No additional charges Need to pay? Page says no. So no interest and additional charges are there Applicable on extension available under this Guidelines. So anything is applicable on it Not there. Now come the compounding charges How are they going to be installed? See first Seems like a normal rate for the time. if these If it is considered a second application then its 1.2 Times. If this is considered a third application then it is 1.4 times and if this next If there is an application then 1.6 times. this is the way It keeps increasing from. So first application Normal rate. After that it is 1.2 times of the normal rate, 1.4 times of the normal Rate, so on and so forth. for the purpose of computing compounding charges for the Purpose of Computing Compounded Charges, The Word tax includes surcharge and cess. however interest shall not be included in Tax to be considered for compounding Charges. If you do not cover the interest Tax for Bhaiya Compounding Charges Plus surcharge plus HEC will be covered. Interest will not be covered. The Compounding charges for the first Compounding application has to be computed For each offence disclosed in the application. further more if a person applied for Compounding of offence the type of which applied for earlier if it is from the same It is related to what you applied for the first time It happened. So it is related to the same thing. Meaning Let us assume that the offence is under 276B if TDS is Getting related and second application You have posted it related to 276B only. So In such a case, whatever the fee may be, this fee will be * It will become 1.2 times. accept it from this Related If you applied the third application then its Will it be charged? 1.4 times. Are you Getting the point? so this point two always It will keep increasing. so further more if the person Applied for compounding an offence of the type of which was applied earlier than Compounding charges for subsequent offence Shell B 1.2 Times 1.4 Times 1.6 Times And so on for the number of time offences are Med. If application is made beyond 12 months. Okay, please listen carefully. this is another thing is what I think can be asked. Ok? Let's assume that when you commit your offences Can you do it up to now? what is your time limit Did you get the extension? 24 instead of 12 months You can extend it for months. If If you invest in it for the first 12 months then Well then. You are beyond 12 months or 24 months Let's do it till then. You will get 50% extra charges Will have to give. It is written here. If The application is made beyond 12 months from the end of the month in which prosecution The complaint is filed. The Compounding Charges shall be increased by 50% off amount Calculated above. so bhaiya beyond 12 months What will you have to do? beyd 12 months extra for you You will have to pay 50%. Getting the point? something about the same thing here And written in question and answer format Is. Let's see that too. Right? What will be the date of application in case of carry Forward application? original date of Date of application and revised guidelines. The question is good. can be asked. Value Let's do it, when did your guideline come? It arrived on 17th October. then date off Applications that are being carried forward Because now the pending ones can also be carried Will have to forward it. so when is their date Will it be considered? The day originally applied was that date will be considered or a you know which The day revised guidelines came, that date is considered Will go. So the application is pending on 17th October shall be governed under this revision Guidelines. however date of such claim is pending Application shall be original date of Application? So the original date of The date of application is considered to be the same as the date of application Will go. next question how shall the Compounding charges can be calculated for Application pending before issuance of this Guidelines? Having issue with this guideline What is the amount of the previous pending application? how will it be calculated? Now look at what There were pending applications earlier and now You can get new information within the revised guidelines If you apply then it should be considered as first Or it should be considered as a substitute. Because look It is obvious that if this is consolidated If the application is made then the charges will be higher Will take. So the compounding charges for Pending applications are subject to The Revised Guideline on Readtermination Age. So according to the revised guidelines Will be redetermined. all all pending Application Weather Single and Multiple Ear Shells B Treated As First Compounding Application. Now all the new ones that are coming to this We will consider the first compounding application. Meaning those which were pending and revised guidelines We will consider it as first if it comes within. End Compounding Charges Shall B Recomputed for each offence disclosed. If a new consolidated application Includes a year for vi application was filed earlier and then withered weather the Partial Compounding Charges Paid for Such Year for which the application is withdrawn can be adjusted he is saying look sir You have just done a consolidated application One of the consolidated applications was of the year which was for this you have already You had applied and you withdrew it and the charges that were paid, are they there today Adjustment can happen, the answer is no, it should be like this Cannot be done. so no partial compounding Charges paid for the year for which The application was withdrawn and could not be Adjusted in the can be adjusted in the new Consolidated application only towards the Offence and particular year for which payment Was med. So brother how can you adjust here could it? Partial Compounding Charges Adjustment can be made only towards offence. Can be adjusted within the offense Is. This fee which has to be paid, it will be paid in full Will have to do it. An Epicent Has Filed Compounding Application under the earlier guidelines to Were rejected on account of curable Defects to be Compounded and the Three R's Pending edge on the issues of this guideline How should an applicant file a compounding Application after issuance of this guideline and How shall new paint be treated? No action is pending for application which Were compounded in a consolidated application Be filed for all the applications. So brother No matter how many different applications you have used before You will apply, a compounding application will come today which were rejected on account of Curable defects and no freshness Application is required to be applied for Pending application. You already know it Whatever was pending earlier, today it will be accepted only A compounding application will have to be filed. So You have your first five applications, seven There were applications, there were 10 applications. Djent Matter. Today, there is only one application and everything in it What are you doing defectively? have to write down And for all the pending applications No fresh applications and no flash charges No need to pay. all pending Application Weather for Single and Multiple Shells Be treated as first. this is first Will be considered. First Compounding Application End Compounding Charges Shall B recomputed for each offence disclosed in The Application. The Fresh Consolidated Application for rejected application will be Considered as second application. If you have I had applied earlier and it was rejected. When You are applying next, we will Subsequent applications will be considered as 1.2 Charges will be levied. Is that okay boss? How the rate of compounding charges will be Determined in subsequent applications. See the subsequent first one, it is normal The rate will be applied. what's next Will it be applied? 1.2 In his next What will happen? 1.4 What's next for him Will be done? 1.6 The same as you read above The question is written in answer format. The Rate of compounding charges based on case basis On the sequence of application as well as Offences apply for if subsequent The application includes an offence which has also been included in earlier Application. So the previous application which There was an issue of 276B from Lets, again the same 276B If the application is related to then its 1.2 Must be the Times. it shall be liable for Higher rate 1.2, 1.4, 1.6 and so on. Irrespective of the fact that offence and Ear R Cell in the Subsequent Application. Yes. Let's see an illustration here is given. Let us understand this illustration. Suppose you have a compounded loan in 202 The offence was section 276B which was related to The Year 123. Ok? Then something in 2022 too There was a compounded effect. In 2023 it will be It was rejected. Is equal. now 17th This thing is pending on September 2024 276 D of. First no fresh application is Required. And when will it be done? normal rate Pay. Isn't it? What happened to you? First The application was done. So what is the rate? Normal Rate. Now the new guideline came in October 2024. Now in 2011 you have started thinking about compounding. A single application was submitted for this. this single Why did you submit the application? for earlier Rejected application. now first if any The matter of 276 B has been rejected. this is you Putting the Subsequent. Please understand the matter. You just submitted a single application. which thing Cast for? Which has already been rejected. It has been rejected before. from the same matter Related, you have applied again for 276B Put which was done in 1314. so which You related it again to the rejection that happened Submitted an application. tell us what it is Will you say it? First Application or Subsequent The application is absolutely correct. We it It will be called subsequent application. what is the rate Will it take? 1.2 Times of Normal Application. So look at the rate, what is it? 1.2 Times of Normal application. did you understand it Owner? What will we consider about this? Seconds The application will be considered. again another one I understand. What happened after that? Now you have A consolidated application on 18.12.24 Filed it. You said all the other offences I cover whatever it is. Made a consolidated application and 276 in it There is also a B issue. It is a consolidated application. There is also the issue of 276B in it. Now understand the matter The issue of 276B has been applied earlier also I have already arrived. So what is the application now? Will it be considered? It will be considered as the third time. Now What will happen? 1.4 Times of the Normal Rate. 1.4 times the normal rate. Are you Getting the point? Right? So whatever you in a manner 1 as if one any one first There is an issue, that issue came in the second application 1.2 Times Came Third 1.4 Times So On And So for each such issue, what do you have to do? have to do it first, second or third in every case to be computed separately for R U Getting the point right now look here 276 C case now this is 276 case I took this before but was it rejected? if the answer is no then what will it be considered 1 Was it rejected a minute ago? No. But you had already applied for this case Station. So in the subsequent application it What will be considered? second time its fee What happened? 1.2. Now Will look carefully. This time you did 275A. Now will 275A be implemented after this guideline is issued? Has there ever been a deal before? What? The Answer Is No. So what would this be considered? First Application. What is this being considered? First time application. what will it cost Son? Normal rate. Is it clear? So if this You have referred to the revised guidelines for the matter. An application had been made earlier also. Now which You will write the application first What can be done? If this is the first If it is not rejected then it is considered as the first time Will go. If it has been rejected before then the next Will be considered. Is it clear sir? How much is left sir? if it comes to your mind If yes, then how much is left? So up to 27 pages Are. Where have we reached sir? We People have already reached till 24th. So It is a three page matter. Walk carefully. One And then comes the question. Weather Compounding Application may be filed after the launch of Prosecution. Is there a possibility of prosecution coming? Can it be done later also? The answer to this is that we I know this earlier also. The answer is yes. if yes how Will the compounding charges be determined? The prosecution has been done. after this How are compounding charges determined? Can you? look for prosecution to take place Right? The time limit was 12 months Also talked about the inside charges Is. If it is beyond 12 months then you You will have to pay extra 50%. yes if Application is filed within 12 months from the end of the month in which Prosecution complaint is filed. 12 days after filing of prosecution complaint The prosecution complaint of the month has arrived. If you become wise within 12 months If I showed it to you then it is fine brother. 12 Months Old what will happen beyond 24 months brother Sir? Find after 12 months you get 50% You will have to pay extra for this Increased guidelines. Although I will give you a Should I tell you the genuine thing? You will get this 1.2 time, four time, six time Have to remember this. Its actual amount The calculation will never come. do you remember this Have to keep 1.2 times, 1.4 on third application time, fourth application per 1.6 time. To you take out its amount and see what happens There will be no questions. reason because this The authority would also tell how much amount would be received This is in real life. If you have done articleship have you counted a little or have you ever By going to CIT PCIT for any You know the client's interest and all is lost If you have done it, then you would have known that it is that is you should know the law first Firstly you will have to pay normal charges Are. Second same application if covered If you get rejected earlier then you will get 1.2 times Then it's 1.4 times. You only know this Should be. actual computation na yaar Only those people give it in real life. and this I also tell this in my regular Aurstack hmm friend you know something a little practical Should be. what can most of the kids do now Let's take the work inside direct access I don't do it at all. It just doesn't work like that If they did they wouldn’t know it. That is why if You'll see I'm focusing a lot on that. I am not doing this because it actually hurts you You only know when to do 1.2 1.4 1.6 Should be. You will get its actual calculation It is not going to come, just take out the amount and show it Two. That doesn't happen. Ok? so rest a shot About that. Let us see here what you did amount wise. Has gone? An illustration is given to understand this For. Although I don't think it is Can. However, you should check one Question. First, this question should be answered only this much Read this part quickly. Check it quickly. I read it, son. So let's see what you are saying now That case? HC fines one ₹1 lakh defaulter Is. Yes and no. Right? One for ₹1 lakh What has he done? It is defaulted. Case of TDS of 3 months coming under 276B Going to do. Prosecution has been initiated Is. The prosecution has been launched in 2022 yes. Ok? Normal Compounding Charges He himself said that brother 45,000 Is. Now two scenarios are given here. One Scenario when your earliest application It has not been rejected. Second Scenario First Your application has been rejected and you Made a revised application. Two such scenarios You have been given cases inside. Now just a bit Understand that your first application was you know this Was not rejected. Situation One: Someone of yours case is pending age on 1710 2024 now When is the prosecution launched? 1.422 Is equal. So here is your case will be considered pending. When will it be considered? Now What is your application? when did you apply did it? on 1210 2024 what did you 1210 You had applied in 2022 itself. When was the prosecution initiated? april 2022 When did you apply? October 2022. Are the 12 months over? So the answer is no. If 12 months are not over If so, your normal compounding charges will apply Those who were are going to be applicable. Is equal. And if 12 months are over. look at your Prosecution launched. when did you apply did it? beyd Been 12 months since you applied. So Let's listen carefully. 12 as soon as it is launched You submitted the application within a month. Normal As soon as compounding charges were launched you Beyond 24 months if you applied that is between 12 months and up to 24 months you Did the application. Give 50% extra It will have to be Now look here carefully, concentration Bring it. Prosecution started on 1.4.22. When did you apply? Your application 12:10 means prosecution in April Happened. What did you do in October itself? I have applied for compounding. Are you With these 12 months? Yes. since you're with it 12 Months Your Normal Compounding Charges Will take. Now what is the second scenario? Did? You applied. Application It was not rejected. Ok? on 31st & 2024 Did the application. Meaning the application that was made I did this for 12 months. If the application If you work beyond 12 months then you will get 50% extra Normal compounding charges will have to be paid Of. Now what are the normal compounding charges Was? 45,000 to this and add 50% of 45,000 So this will become 67,500 getting the point Owner scenario number two. Your first The application was made and it was rejected. Means this application is your subsequent will be considered an application. Isn't it equal? First Was not rejected. So, what are we Were you applying it? They were applying 50% extra. Now It has been rejected before and this is the next There is an application. IF Subsequent Application In such a case, your fee would be It will be 1.2 times. Are you remembering me? Plus Should it be 50%? Yes sir that too Will go. Check how? Your prosecution was initiated In April 2022. You did it in October 22 what did you do? I have re-applied Was. What happened to this application? be rejected Went. The matter is over. when it got rejected Where is the question of compounding charges coming from Is? It cannot come because the application If rejected then pay compounding charges You might not have done it. let's assume You have applied again as per the revised guidelines I did it. Is equal. Now the application which is done This was done on October 24th. now october 24 I am doing it. Meaning in 2022 you The prosecution was initiated. beyond 12 months you are applying and this The application has been rejected earlier. Earlier has been rejected. So 1.2 Times of the normal charges will be applicable. And Because the application is beyond 12 months 50% will also be charged. So in such a case 1.2 Times of the normal charges plus 50% thereof What will be done? Increase. So first 45,000 We will calculate 1.2 times of 100 and 50% of it What to do? Will add. So if you pay attention if you look carefully How will this be made for Rs 81,000? 45000 * 1.2 This is your 54000 plus 50% Do it + 50% for those who don't know how to solve this You are in the finals guys, do you remember the BODMAS rule? hoga badmas rule what was the first bracket is solved then multiplication bracket of multiplication then first bracket have to solve then do multiplication Do you understand something under BODMAS Otherwise, do you calculate it, son? 81 how did you come and will you mail me sir 81 how Come tell me to put the badmas rule in bracket first solve this then multiply it to do. Yes and no sir. ok yes i think it is good for you It is given for explanation. I don't Looks like a question might arise regarding this. If it comes genuinely then it is a different matter. you never no institute but i don't think its upto you can come. You will get at least September and Not even in January. When these people I will make it a part of the module and will do it a few times That will also depend on when you ask the question. Right? So sir the first application was not rejected If it happened then it was a normal application. If If the application has been rejected earlier, we will Considers subsequent applications. and that According to the calculation we calculate 1.2 times plus 50% of both Let's apply it. Is it clear sir? Yes. Now comes something related to Cocos. It is not necessary that I should suffer alone. with me Someone else could also get trapped. two people together Committed offences. This can also happen. If If it is cooccupied then is it cooccupied also Can the application do it? The answer is yes. To Akyuz can also apply. so where An offence has been committed. now look at this right here The question answer is given directly on Format. Let us read this directly. so weather a Cooccluded Can File Compounding Application? The answer is yes. also cooccluded what can I do? Compounding separately too can file, can also file jointly Is. So you can file it separately also and Can also file jointly. two people together You can do it also. There is no problem. Question number two where compounding Application of Cooccupied was rejected Early on the ground that men accused has not filed for what you know Compounding. Weather Sach application will be Eligible for filing again. if yes weather is true Application can be a subsidiary Application. He said let's assume it happened It was that you were accused. Main Accuse did not do the compounding and you I did it. What is your first application? Went? Reject. Now in the revised guidelines What can Cocused application do? Yes. So the question is should it be considered as an initial application? shall be treated as a subsequent application Will you go? Yes and no. Look at this simple logic Keep it in simple words. If before It has been rejected, it is equal. This Will be considered sequentially. yes other than the cases where application was Rejected in the past on merits. Because Merit cases are compounded They don't let me come. to other than merits All the cases that were rejected earlier It has been done. Caucus is eligible for Filing Compounding Offence and Truth Application shall be treated as subsequence Application. The work is finished. remember one thing It was not rejected the first time. New Guidelines This will be considered as the first application. It has been rejected before. Subsequent it will be considered an application. for as and for Say it son, you are co-occupied. So look at it Application NOT REJECTED EARLIER. This will be considered as a fresh application. Application is rejected earlier This will be treated as a subsequent application. In Subsequent Application The charges levied will be 1.2 times. End if it's beyond 12 months So 50% will also be added to it. I am missing you Do you? even if he does this Even if it co-occurs. Simple. Third Ware Are Compounding Application Of Men Accuse was rejected earlier on the Ground that accused has not been filed Compounding and Given Underlying Weather True Application will be eligible for filing Again if yes then this application will be Subsequent application is now asking for the reverse tell me first main akus applied and Coexistence had not done so today he The application will be accepted after seeing the revised In the guidelines, are you the main one or who are you? The application can do the second thing first Was it rejected? The answer is if it was earlier If it was rejected then it is not a simple line. These is the subsequent application. so true The application shall be a subsequent application. Yes other than no cases can be covered. This The application will be considered subsequent. Just remembering this much in simple words is a simple task End. If application is filed by reason And accused under the previous guideline is Pending. weather they are required to make a Fresh application. did you make a fresh application Is it needed? remember that October 17th No matter how many pending applications were there in 2024 Whether he is a man or an accused, why May this not be fresh for everyone There is no need to submit an application. Know All Sach Pending Application Will Be Club Together and none of the apant are required to file No need to apply for a fresh application or pay any fees There is need. Is it clear sir? If the applicant is filed, if the application is Filed by men accused and convicted and by both of them wether separate compounding Fees shall be applicable for co-occupied or not is there any separate for cooccupied Do I need to pay the charges? There is a law for separate compounding fees No, today the compounding fee is simple 25 and How much is 50 work finished for multiple years No Separate Compounding Fees for Cocuses shall be payable irrespective of the fact that Application has been filed by men Accused and coaxed by both of them. only Compounding charges for the concern shall be Payable. Such payment is made by apparent being Men accused, co-occupied and both of them. Competent Authority Shall Compound the Concern Offence for the men accused as well as for Coocoos. So you should look more carefully. Separate Compounding Fees No need to pay. Compounding pay the charges as they are weather any person other than There should have been a main here. He said ma'am I have been accused. This is what is wrong here. here on main Should be. here he said maam Is. No problem. write up of the institute Sometimes even people make mistakes. it That is a mistake. wether any person other than the man accused or Cocused Can File Compounding Application for compounding and offence of company and HUF yes and no right now look here ma'am He has it written that it means institute There would have been a typographical error on the part of ma'am I feel like this even while studying I wonder how this could be a mistake Meaning, even in the amendment sheet they have Amendments will have to be made but understand Take any notes from any teacher or anyone The institute does not do anything wrong intentionally It happens. So okay take it sensibly go ahead. Isn't it? Just a few amendments left Is. Work is done. so wether any person other than Main accuse ko accuse can file compounding Application for compounding of an offence of A Company and HUF. Now look at the company and It is obvious that inside HUF There could be other persons. So what of their Can any other person do it on my behalf? No. person other than man and accused or Coexistence cannot be filed for compounding Application. Application is required to disclose his status as man accused and Cooccluded. then no third person can be The party to this particular compounding. can be arranged and undertaking for Withdrawal of Appeal The Guidelines on Behaviour as per the Age Required Age Of men accused. Now look at another one This is an important matter. if what you are doing Are? If you are doing compounding then you I have to give an undertaking that friend, I will appeal I will withdraw it. now main accused what can a cooccupied person say on behalf of I can give an undertaking that we will withdraw the appeal Will you do it? No Coocoos Cannot Furnish Undertaking for withdrawal of appeal. not this can do this is a useful thing because it can is an appeal and related caucuses Make a related question and ask it Part A Part B. So remember this method This question may come in the final. First ask you the part related to the appeal I will take it. So let me know what you think How would a question be drafted? Draft question related to first appeal do. There is a thing called compounding Will ask. Below that you will ask that bhaiya tell me Can Co-Aquse do that? So this Such a conceptual question of the method I will ask whether the question of appeal has also come up. New The question of revised guidelines also came up and Can Cocus be withdrawn? That question also came up. So brother he Look, take your own understanding yourself Will need it. The Undertaking of Caucasus Men Accuses I won't be able to take it. So No Coexistence Can't Furnish undertaking for withdrawal of appeal on Behaviour of men accused. True Undertaking Shell Be furnished by the men accused only Which must be attached with the application. So Brother, will you withdraw your appeal or you You will write it yourself. Yours is not co-occupied I will give it in writing. last question if Application has been filed by only men Accused and co-accused in such case Against hum name compounding order shall be Passed? Tell me whose compounding order is Will it be passed against? it shall be Passed in the name of person or persons who Name have applied for compounding. Application Jito's name was written in it, the order was also his It will come from the name. now one had written it so one both of them had written their names so both of them Work is done. If cooccupied has applied then Order shall include the name of men accused Also. Name will be included if he wrote It will be inside the application. Further in case Where men accuse has applied. End Cooccupied has been identified, the order shall be passed in the name of men accused and Cocoyose. You will find out later as well If he goes, he will come back in his name too but His name should be mentioned here in the Application and the order yes It's done boss, so this was your whole story The entire amendment with respect to Compounding of offence. compounding off now It has been mentioned in many places related to forest. this which This is the sheet that I scrubbed with my hand It has happened. I am posting this on my telegram channel I am posting it which is given below. september I told you for judicial update I have already given it. I told you so Stucture update. This is also a complete stucco update They end. I tell all the kids I want it now for the September attempt There are not many days left. around 70-80 days Only these are left. If you want direct access If you still have time inside then You can practice by taking the fast track Are. Or what should you do? So you I have uploaded the chart reviews at least Look through it. the only way to pass It's a secret. Changing teachers, changing books, all this Nothing is going to happen. do writing friend Writing. The more you write, the more It is that much better. and the other one is saying something else Am. If you have read about IBS till now If you have not paid attention then please read about IBS Pay attention above. Because what happens? You If you give him less time to remove the group That is also a subject, friend. If you If you give him less time then you will not know your time Your result may be fail. Practice is the key to pass group two. Whether it is DT be it IDT, be it IBS yes. We continuously tell you something or the other I am going to bring it for you. And I'll give you a I am going to give a disclosure. inside july I'm here for you guys that's CA, CMA Bringing something good and big for the final I am coming. very good video of I will upload it separately and give it to you. yes sir. I hope you understand these amendments You must have liked it. Definitely with your friends Please share it. If you feel anything then click below Please write in the comment box. if it will be possibile What should I do with it? reply I will do it. You can read the rest on Telegram channel You can find the notes. Give your full attention Keep it. all the best for the purpose of Examination is over and remember what I said Keep. If you read then cross the limit, otherwise the program Cancel it. I will stay with you. Your CA Vijay Sada. Bye and take care.