Question

What is the difference between tax-
avoidance and tax evasion ?
(A) Avoidance is done by corporates
(B) There is no difference in law
(C) Avoidance is legal and evasion is
illegal
(D) Evasion is done by individuals​

Answer 1

Answer:

correct ans is:

option (C) ✔

Avoidance is legal and evasion is

illegal

Explanation:

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Tax evasion means concealing income or information from tax authorities — and it's illegal. Tax avoidance means legally reducing your taxable income.

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:))

Answer 2

WHAT IS THE DIFFERENCE BETWEEN TAX - AVOIDANCE AND TAX EVASION?

ANSWER :

(C) AVOIDANCE IS LEGAL AND EVASION IS ILLEGAL.

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IZUKU

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