Please Help: What is tax Evasion?
Posted Date : 11-Aug-2012 , 11:00:37 am | Posted By PRAKASH KUMAR SINGH
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Category : Income Tax | Answers : 5 | Comments : 1 | Hits : 185
Answers
Answer By: Surendra Kumar Dash
Tax evasion is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means. Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability, and includes, in particular, dishonest tax reporting (such as declaring less income, profits or gains than actually earned; or overstating deductions).
Answer By: CA Satuti Mahajan
To evade the tax by concealing the income.
Answer By: CA. SURESH Kr. AGARWAL
In short it means concealment of Income from Income Tax Department.
Answer By: Rambabu Senkarasetti
Concealment of income to evade Income tax
Answer By: Rambabu Senkarasetti
Concealment of income to evade Income tax
Comments
Mrattunjay
12-Aug-2012 , 09:37:39 pmtax are not paying , which require to pay as per tax provision