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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 October 2017 what is tax avoidance? Is there any difference between tax evasion and tax avoidance.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
28 October 2017 tax avoidance is legal, while tax evasion is not ,
Tax avoidance is Hedging of tax while tax evasion is Concealment of tax.

TAX Avoidance Use of Justified means whereas Tax evasion Use of such means that are forbidden by law.
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Gokul Sharma

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Gokul Sharma (Expert)
29 October 2017 Tax avoidance can be said Tax Planning.
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