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    Presentation On Tax Planning, Tax Avoidance and

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    yatin rajput
    This presentation discusses tax planning, tax avoidance, and tax evasion. Tax planning legally minimizes tax liability through allowances and deductions. Tax avoidance also legally arranges finances to lower taxes. Tax evasion, however, is illegal and includes not paying taxes owed and providing inaccurate financial statements. The presentation provides examples of tax evasion, including an industrialist arrested for issuing fake invoices worth over 100 crore rupees, evading about 7 crore rupees in taxes.

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    Presentation On Tax Planning, Tax Avoidance and

    Uploaded by

    yatin rajput
    221 views8 pages
    This presentation discusses tax planning, tax avoidance, and tax evasion. Tax planning legally minimizes tax liability through allowances and deductions. Tax avoidance also legally arranges finances to lower taxes. Tax evasion, however, is illegal and includes not paying taxes owed and providing inaccurate financial statements. The presentation provides examples of tax evasion, including an industrialist arrested for issuing fake invoices worth over 100 crore rupees, evading about 7 crore rupees in taxes.

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    Presentation on Tax Planning, Tax Avoidance And

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    This presentation discusses tax planning, tax avoidance, and tax evasion. Tax planning legally minimizes tax liability through allowances and deductions. Tax avoidance also legally arranges finances to lower taxes. Tax evasion, however, is illegal and includes not paying taxes owed and providing inaccurate financial statements. The presentation provides examples of tax evasion, including an industrialist arrested for issuing fake invoices worth over 100 crore rupees, evading about 7 crore rupees in taxes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    221 views8 pages

    Presentation On Tax Planning, Tax Avoidance and

    Uploaded by

    yatin rajput
    This presentation discusses tax planning, tax avoidance, and tax evasion. Tax planning legally minimizes tax liability through allowances and deductions. Tax avoidance also legally arranges finances to lower taxes. Tax evasion, however, is illegal and includes not paying taxes owed and providing inaccurate financial statements. The presentation provides examples of tax evasion, including an industrialist arrested for issuing fake invoices worth over 100 crore rupees, evading about 7 crore rupees in taxes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 8

    Presentation on Tax Planning,

    Tax Avoidance and Tax


    Evasion
    -By Yatin
    TAX PLANNING

    • Tax planning is “the activities taken to minimise tax liabilities to


    ensure all available allowances, deductions, exclusions and exemptions
    are working together in the most tax-efficient manner to reduce the
    total tax bill”.
    OBJECTIVES OF TAX PLANNING
    • Reductions of Tax liability
    • Minimisation of Litigation
    • Productive Investment
    • Economic Stability
    TAX AVOIDANCE
    • Tax avoidance is the arrangement of one’s
    financial affairs to minimize tax liability within
    the law.
    It refers to finding out new methods or tools
    to avoid the payment of taxes which are within
    the limits of law. This can be done by adjusting
    the accounts in a manner that it will not violate any tax rules.
    EXAMPLES
    TAX EVASION
    • Tax evasion is not paying the taxes when they are actually due which is
    absolutely illegal.
    Some ways of tax evasion are:-
    1. Failing to pay the due 5. Inaccurate financial statements
    2. Smuggling
    3. Bribery
    4. Storing wealth outside the country
    EXAMPLES
    • An industrialist based in Mandi Gobindgarh has been
    arrested by the Directorate General of GST
    investigation for allegedly issuing fake excise invoices
    to more than 20 furnace units based in the same area
    in the last 3 years. The accused, Vishal Batta,
    proprietor of Aryan Industries was arrested from his
    Ludhiana office. Information from excise department
    revealed that bills amounting to more than Rs 100
    crore had been issued in the last 3 years out of which
    initial investigation have shown tax evasion of nearly
    Rs 7 crore.
    SOURCE :- INDIANEXPRESS 14 FEB 2018
    THANK YOU

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