Page 90 - DCOM301_INCOME_TAX_LAWS_I

Unit 3: Tax Planning: An Introduction

7. Highlight the impacts of Tax Evasion. Notes
8. Differentiate the following:
(a) Tax Avoidance and Tax Evasion
(b) Tax Planning and Tax Management

9. What are the objectives of Tax Management?
10. Explain the remedies to Overcome (Reduce) Tax Evasion.

Answers: Self Assessment

1. False 2. True
3. False 4. Corporate Tax

5. Minimise 6. Liquidity
7. False 8. True
9. True 10. Avoidance
11. Double taxation 12. Evasion
13. True 14. False

15. True

3.9 Further Readings

Books Aggarwal, K. Direct Tax Planning and Management. Atlantic Publications.
Ahuja, G. K. & Gupta, Ravi. Systematic Approach to Income Tax. Bharat Law House.
Lakhotia, R. N. Income Tax Planning Handbook. Vision Books.

Singhania, V. K. & Singhania, Kapil. Direct Taxes Law & Practice. Taxmann
Publications.
Srinivas E. A. Handbook of Corporate Tax Planning. Tata McGraw Hill.

Online links http://business.mapsofindia.com/india-tax/planning.html
http://pegasus.cc.ucf.edu/~bandy/planha~1.htm
http://www.answers.com/topic/tax-planning-in-accounting

http://www.itrust.in/content/tax-planning/What-Is-Tax-Planning-India
http://www.slideshare.net/anujbhatia09/corporate-tax-planning

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