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1.Define Tax Avoidance?
2.Define Tax Evation?
3.Define Tax Planning?
4.Define Tax Management?
5.what are the effort to checj Tax evation?
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Answer Posted / 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.
| Is This Answer Correct ? | 36 Yes | 17 No |
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