Social Sciences, asked by krnavya3, 8 months ago

what is meaning and purpose of avoiding tax
please answer soon very urgent

Answers

Answered by Anonymous

3

Tax avoidance is the use of legal methods to minimize the amount of income tax owed by an individual or a business. This is generally accomplished by claiming as many deductions and credits as is allowable. It may also be achieved by prioritizing investments that have tax advantages, such as buying municipal bonds.

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