Indicate whether the following acts can be considered as tax evasion/tax management/ tax planning or otherwise: 1. Sushil is using a motor car for his personal purposes, but charges as businessexpenditure. 2. SQL Ltd. pays advance tax by estimating his total income in previous year to ensure timely compliance.

Indicate whether the following acts can be considered as tax evasion/tax management/ tax planning or otherwise: 1. Sushil is using a motor car for his personal purposes, but charges as businessexpenditure. 2. SQL Ltd. pays advance tax by estimating his total income in previous year to ensure timely compliance.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 40P

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