__________ is an honest effort of the tax payer to benefit himself and economy as a whole.
Tax planning arranges a taxpayer's affairs to use legitimate deductions, exemptions and other reliefs in a planned way. Tax evasion uses unlawful methods, while tax…
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__________ is an honest effort of the tax payer to benefit himself and economy as a whole.
Answer and explanation
Correct answer B
Tax planning arranges a taxpayer's affairs to use legitimate deductions, exemptions and other reliefs in a planned way. Tax evasion uses unlawful methods, while tax management concerns the administration of tax obligations and compliance.
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Andhra Pradesh SET (APSET)