Tax planning is legitimate, honest and rightful approach to the attainment of maximum benefits of taxation laws within their frame-work having certain basic objectives. Find from the following which is not the basic obje

CS Executive · Tax Laws and Practice · PYQS · December 2020
Tax planning is legitimate, honest and rightful approach to the attainment of maximum benefits of taxation laws within their frame-work having certain basic objectives. Find from the following which is not the basic objective of Tax Planning :
(A) Reduction of tax liability
(B) Healthy growth of economy
(C) Minimization of litigation
(D) Non Productive Investment

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Tax Planning, Avoidance and Evasion

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