5 Tax-Evasion Practices To Keep A Check On


#Not reporting loan payments

If you accept any amount of upto 50, 000 in cash that is, off the record, then it does not fall under your taxable income. This is a cool way of handling tax.

#Not Disclosing Interest Income

Interest earned up to Rs 10,000 from bank savings is an exempt from tax. Many try to divide this amount in different accounts to not put up but finally the PAN Card remains the same disclosing who got the amount.

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