Question: Reducing tax liability, utilizing the deductions, exemptions and relief allowed in acts and rules is called . . . . . . . . .

Reducing tax liability, utilizing the deductions, exemptions and relief allowed in acts and rules is called ..................
Question 1Answer
a.
Tax evasion
b.
Tax planning
c.
Tax avoidance
d.
Tax management

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!