Specify whether the following acts can be considered as (i) Tax planning; or (ii) Tax management; or (iii) Tax evasion. SQL Ltd. maintains register of tax deduction at source affected by it to enable timely compliance.
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2018
Specify whether the following acts can be considered as (i) Tax planning; or (ii) Tax management; or (iii) Tax evasion. SQL Ltd. maintains register of tax deduction at source affected by it to enable timely compliance.
Answer & Explanation:
Maintenance of Register of Tax Deduction at Source to enable timely compliance is an act of Tax Management. Therefore, the maintenance of TDS register by SQL Ltd. to enable timely compliance is an act of Tax Management.
Topics: Income Tax Act, 1961
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