Tax Evasion

What are the different types of Tax Evasions?

An attempt made to avoid payment related to any kind of tax owed using illegal means is known as tax evasion. Every business has the right to take certain lawful steps to decrease their tax liability which includes the tax deduction also. But avoiding necessary tax relayed payment through illegal measures is a crime and leads to some serious consequences. Types of taxes evasion Some of the common forms of tax evasion are failing to report cash income, reporting amount is less than the actual amount received, hiding money overseas, and claiming tax deduction in an improper way. Using una...

Read More 15 Mar, 2019
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