What are examples of tax evasion?

Some of the examples of tax evasion are showing false records, hiding income, declaration of less income or profits than the amount actually earned, overstating their deductions, etc. You can read about the Black Money, Tax-Evasion & Tax-Avoidance in the given link.

Storing wealth outside the country is also an example of tax evasion.

Further readings:

  1. Double Taxation Avoidance Agreements (DTAA) – Countries Involved, Income Tax Provisions
  2. UPSC Mains General Studies Paper-III Strategy, Syllabus & Structure

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