i)The basic Difference between Planning and Evading:
There is a clear-cut difference between tax planning and tax evasion. One is legally acceptable and the other is an offense.
ii)Gift of Tax Planning:
Right planning leads to tax avoidance and savings.
iii)Boon of Avoidance:
Hiding or un-disclosure of income and facts leads to tax evasion and high penalty along with imprisonment.
There is a clear-cut difference between tax planning and tax evasion. One is legally acceptable and the other is an offense.
ii)Gift of Tax Planning:
Right planning leads to tax avoidance and savings.
iii)Boon of Avoidance:
Hiding or un-disclosure of income and facts leads to tax evasion and high penalty along with imprisonment.
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