Income tax returns (ITR) filing: What is tax avoidance
May 09, 2018, 12:07 PM IST
In an effort to save tax, do not take the wrong road that meanders into illegalities. The effort may tempt you to follow certain steps that may come under unlawful way of savings taxes, but do not go that way. Taking advantage of loopholes in our income tax laws to reduce tax outgo is not right. This is not legal. Instead, you should make plan to save your taxes in a way that will ensure you sleep soundly at night. However, to make sure you don't go wrong, know what is tax avoidance:
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