Please Help: What is tax Evasion?
Posted Date : 11-Aug-2012 , 11:00:37 am | Posted By: PRAKASH KUMAR SINGH
Category :
Income Tax | Answers :
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Answers:
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 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).
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| Answer by: CA Satuti Mahajan |
| To evade the tax by concealing the income.
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| Answer by: CA. SURESH Kr. AGARWAL |
| In short it means concealment of Income from Income Tax Department.
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| Answer by: Rambabu Senkarasetti |
| Concealment of income to evade Income tax
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| Answer by: Rambabu Senkarasetti |
| Concealment of income to evade Income tax
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| Comments |
| Posted By : Mrattunjay |
12-Aug-2012, 09:37:39 |
| tax are not paying , which require to pay as per tax provision |
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