Specify with brief reason, whether the following acts can be considered as an act of (i) Tax management; or (ii) Tax planning; or (iii) Tax evasion: or (iv) Tax avoidance : (iii) Company claiming depreciation on the moto

Claiming depreciation on motor car being used for personal purpose is not allowed under section 32 of the Income Tax Act, 1961. Therefore, the depreciation claimed by the company on the motor car which is being used by the director for personal purpose is an act of Tax Evasion .