INCOME TAX PART 2

INCOME TAX PART 2....

1.INCOME TAX IS AN DIRECT TAX UNDER THE INCOME TAX ACT 1961.

CBDT-CENTRAL BOARD OF DIRECT TAX.

CBDT PROVIDE US INFORMATION TOWARDS INCOME TAX.

TAX PLANNING....

1.PLAN ABOUT TAX.

2.TO REDUCE THE TAX.

3ADVANTAGES OF DEDUCTION AND REBATES

4.REDUCE TAX LIABILITY.

5.IT IS FULLY LEGAL.

6.CERTAIN ARRANGEMENT ABOUT INCOME ,EXPENDITURE AND INVESTMENT.

7.TAX LIABILITY MINIMUM

TAX AVOIDANCE....

REDUCE THE TAX LEGAL WAY.

TAX EVASION 

ALL METHODS BY WHICH AN ASSESSEE AVOID THE TAX ILLEGALLY .