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Commerce · Q728

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 728

Q728

Consider the following statements. 1. Legal provisions are not followed in tax-planning. 2. The advantage due to loopholes of tax laws are taking in tax avoidance. 3. Tax evasion is punishable crime. Which of the statement(s) given above is/are correct?

A.
Both 1 and 2
B.
Only 3
C.
Both 2 and 3
Answer
D.
All of the above

Answer: Option C

Solution

Answer: Option C
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