Specify with reason, whether the following acts can be considered as tax planning, tax avoidance, tax management, or tax evasion : ABC Ltd. engaged in manufacturing business has opened a new 3-star hotel near its factory
CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · PYQS · June 2026
Specify with reason, whether the following acts can be considered as tax planning, tax avoidance, tax management, or tax evasion : ABC Ltd. engaged in manufacturing business has opened a new 3-star hotel near its factory to claim deduction u/s 35AD.
Answer & Explanation:
Tax Planning: ABC Ltd. engaged in manufacturing business has opened a new 3-star hotel near its factory to claim deduction u/s 35AD. This is the case of tax planning. A company to take advantage of the provisions of Income tax laws, for set-off and carried forward of losses and tax holiday adapts such expansion / diversification.
Topics: Corporate Tax Planning
Related Questions in this Topic
- Omkar Finance Pvt. Ltd. is a company engaged primarily in the business of granting loans and advances and earns about 85...
- Bhavyansh Industries Ltd. was incorporated on 1st July, 2023 and has established a unit in a Special Economic Zone (SEZ)...
- Bhavyansh Industries Ltd. was incorporated on 1st July, 2023 and has established a unit in a Special Economic Zone (SEZ)...
- Specify with reason, whether the following acts can be considered as tax planning, tax avoidance, tax management, or tax...
- Specify with reason, whether the following acts can be considered as tax planning, tax avoidance, tax management, or tax...