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What is Tax Avoidance?

Wednesday, June 19, 2019, 3:25 PM

Tax avoidance is a method of using the loopholes existing in the laws in order to save taxes. Tax avoidance is generally used by big business houses and companies who make use of such loopholes, deductions and tax rates in order to reduce the tax burden borne by these companies. Tax avoidance is done without breaking any laws or rules under the IT act.

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