One should avail potential tax saving opportunities
Purpose of tax saving is to minimize taxes and not to evade them
Tax planning helps to gain maximum advantage of tax laws
Tax planning is illegal in India
✅ The correct answer is D.
Tax planning is not illegal in India. When tax planning is done inside the frameworks defined by the respective authorities, it is fully legal and in fact a smart decision. However, using shady techniques to avoid tax payments is illegal.
Tax planning is not illegal in India. When tax planning is done inside the frameworks defined by the respective authorities, it is fully legal and in fact a smart decision. However, using shady techniques to avoid tax payments is illegal.