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Revenue Budget

Evasion and t...

Question

Evasion and tax avoidance in India is at a ________ Level.

A

high

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B

moderate

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C

low

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D

none of the above

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Solution

The correct option is A high
The terms "tax avoidance" and "tax evasion" are often used interchangeably, but they are very different concepts. Basically, tax avoidance is legal, while tax evasion is not. Businesses get into trouble with the revenue department when they intentionally evade taxes.In India no one likes to pay taxes as a result both tax evasion and avoidance are high.

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