wat and diff tax planning,avoidance,evasion,mgt.

wat and diff

 

tax planning

tax avoidance

tax evasion

tax management

thanks in advance.......

Replies (3)

Dear Vasanth,

Pls see this -

/forum/planning-and-management-63116.asp

Dear,

 

Tax Planning

 

A way to reduce tax liability by taking full advantages provided by the act

 

Through various exemptions, deductions, rebates & relief.

 

Tax avoidance

 

An exercise by which the assessee legally takes advantage of the loopholes in the act.

 

This is short term benefit.

 

Tax evasion

 

The illegal way to reduce tax liability by deliberately suppressing income or sale or by increasing expenses, ect., which results in reduction of total income of the assessee.

 

Tax management

 

A procedure to comply with the provisions of the law.

 

 

Regards

 

K.Ilayaraja.

 

For Differentiation wait………

 

 

 

Dear sir,                  
                   
  T.P   T.A   T.E   T.M    
                   
Benefit Arises in long run Arises in short run Benefits do not arise  penalty,interest  
          but it causes penalty and prosecution can be
          and prosecution avoided    
                   
Practice tax saving   tax hedging tax concealment tax administration  
                   
                   
Need desirable   avoidable   objectionable tax administration  
                   
                   
                   
Morality moral in nature immoral in nature illegal   duty    
                   
                   
Regards                  
                   
K.Ilayaraja                

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details