Tax planning is honest and right approach to attain the maximum benefit of taxation laws within its framework only. Objectives of tax planning are: (1) Productive investment (2) Un-healthy growth of economy (3) Minimisat

CS Executive · Tax Laws and Practice · PYQS · December 2015
Tax planning is honest and right approach to attain the maximum benefit of taxation laws within its framework only. Objectives of tax planning are: (1) Productive investment (2) Un-healthy growth of economy (3) Minimisation of litigation (4) Increase in tax liability Select the correct answer from the options given below
(A) (1), (2) and (3)
(B) (1) and (3)
(C) (1), (2) and (4)
(D) (1), (2), (3) and (4).

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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