Answer / himanshu

Tax avoidance is the practice of taking advantage from the
loopholes in the income tax law and it is not liable to
penalty and imprisonment.
Tax evasion is the practice of evading tax by flouting the
income tax laws and regulaions.It is illegal and tax evader
is liable to penalty and imprisonment.
Tax planning is the proper planning for investing various
sources of income to take tax advantange.It is a legal
practice.

Tax management on the other hand requires tax planning in
an efficient way to take advantage of exemptions,deductions
and rebates etc.

Answer / himanshu

Tax avoidance and evasion is the practice of underminig or
not showing your taxable income properly or through illegal
means.It is an illegal act which amounts to payment of
penalty and imprisonment.
Tax planning on the other hand is the proper investment of
various sources of income to enjoy tax exemption U/s
10,deductions U/s 80 and rebates U/s 88.It is an legal
practice.

What do you understand by CSR?

0 Answers   State Bank Of India SBI,

---

Do you know the name of person who won the Jnanpith Award in 2016?

0 Answers   IBPS,

---

What is PIN?

0 Answers   State Bank Of India SBI,

---

What is nav in mutual funds?

0 Answers  

---

What are the advantages of ratio analysis?

0 Answers  

---

---

Explain the term currency chest.

0 Answers  

---

ON BSE,some shares are listed as EQ and some as BE,wat does it mean?

3 Answers   Capital IQ,

---

Will Donald Trump's Presidential Election affect the Indian economy?

0 Answers   IBPS,

---

What do you mean by financial accounting?

0 Answers  

---

what is the Sensex and index numbers how do i know the sensex and what is the procedure to purchase shares in a big company. please solve my question

1 Answers  

---

What do you understand by excise duty?

0 Answers   State Bank Of India SBI,

---

BG/SBLC FOR LEASE

0 Answers  

---