State with reason, whether the following acts can be considered as an act of Tax Planning, Tax Management, Tax Avoidance or Tax Evasion : (e) X & Y Ltd. maintains adequate records and registers of tax deducted at sou

X & Y maintain adequate records and registers of tax deducted at source by it to enable timely compliances of legal provisions is an Act of Tax Management because it involves compliance of law regularly. It enables the company to manage the affairs of business efficiently for timely payment of tax and submission of returns.