State with reasons whether the following acts can be considered as Tax Planning or Tax Management or Tax Evasion? (iv) S Finance Ltd. obtains Form 60 in lieu of PAN card from all its customers for whom PAN is not yet all

Tax Planning, Tax Management, or Tax Evasion: (iv) S Finance Ltd. obtaining Form 60 in lieu of PAN: This act is a case of Tax Management . Reason: Obtaining Form 60 from customers who do not have a PAN is a compliance requirement under the Income-tax Act. Form 60 is a declaration to be filed by a person who does not have a PAN and enters into certain specified transactions. By collecting Form 60, S Finance Ltd. is ensuring compliance with the tax laws and avoiding any future compliance issues or penalties from tax authorities. This is an administrative action taken to adhere to legal obligations, which falls under tax management.