Showing more sales and expenses than actual is a way of tax evasion.

True

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False

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Solution

The correct option is B False

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Similar questions

Q. Showing income as agricultural income is what way of tax evasion?

Q. Identify the ways of tax evasion.

On the death of his father, Imran joined his father’s partnership firm, he was a minor partner. On becoming major, he closely observed the following practices in the firm.
(i) Overbilling the invoice.
(ii) Sales tax evasion.
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(iv) Undervaluation of the stock than actually available.

Identify the values affected here.

Q. Certain countries offer lower tax rates than our country. As a result, wealthy people open bank accounts in these countries, and they escape the tax burden from our country. Identify the type of tax evasion that is seen in this situation.

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550

including

10 %

VAT. Find the amount of VAT not paid by him to the Government.

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