Malhotra Rajiv & Co NRI Taxation Consultants in Canada, UK, Chandigarh, Baddi, Solan

Malhotra Rajiv & Co NRI Taxation Consultants in Canada, UK, Chandigarh, Baddi, Solan to submitting an application to the compounding authority, the person or entity committing default acknowledges that it has committed an offense and requests that it be excused. This process is known as compounding of offense. Depending on the circumstances, the compounding authority may compound the offense and request that the person in default pay a compounding cost. The defaulting party will no longer be considered in default of the offense for which the compounding fee has been paid in Solan.