Question

Distinguish between tax planning tax avoidance and tax evasion

Answer 1

tax planning is generally done for the reduced burden of tax for a common people. it's the main objective of tax planning but in tax avoidance many common people did not want to pay tax therefore they use many methods to invest money in many government planning scheme for getting higly deduction and exemption in legal form .tax evasion are done in faulty way to remove tax burden by a common people or assesee