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what is the meaning of compounding system of tax?

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(Querist)
25 January 2011 Respected Experts,

What is the meaning of compounding system of tax? Please explain with example.

IS it mean Compounded levy scheme?



Warm regards,
jyoti
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
25 January 2011 Yes............U R right

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