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Business Studies

Benefits and Disadvantages of Statutory Corporation

Tax Evasion i...

Question

Tax Evasion is illegal while Tax Avoidance and Tax Planning is legal in India.

A

True

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B

False

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Solution

The correct option is A True

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Similar questions

Q. Consider the following statements:

1. Tax planning is legal in India
2. Tax avoidance is legal
3. Tax evasion is unethical but legal.

Which of the above statements are correct?

Q. Money that is legally earned can also be black money if it involves tax evasion

Q. Consider the following statements with respect to General Anti Avoidance Rules (GAAR) :

1. GAAR was initially proposed as part of Direct tax code.
2. GAAR is for tax evasion and not avoidance.

Select the correct statement/s from above .

Q. Q. The Double Tax Avoidance Agreement (DTAA) is-

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