Dear Friends,
Please guide in the following issue...
We have received prosecution proceedings notice from the IT department(FY 2008-09) .They have given a summarised report of the details pertaining to FY 2008-09.In that report they have levied a compounding fee.Please let me know when this will be applicable and how it will be computed??Our case is we have deposited the TDS amounts relating to FY 2008-09 in the year of 11-12.
Srikanth
CAclubindia
