Question

tax planning minimise the tax liability of an assessee." do you agree with the statement? comment.​

Answer 1

Answer:

One can use government schemes and programs to reduce his taxable income, it will directly reduce his tax liability. One should try to minimize his taxable income to reduce his tax amount. Investment in tax planning. - assessee can invest in policy for future plans and save his money from tax.

Answer 2

Answer:

Refer to the attachment