Taxation · Income Tax Act
Which of the following actions is considered tax evasion rather than legitimate tax planning?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Investing in tax-free government bonds
- 2Claiming exemption u/s 10(15) on Post Office Savings Bank interest
- 3Omission of Short-Term Capital Gains on sale of shares in the tax return✓
- 4Payment of Life Insurance Premium to claim deduction u/s 80C
Correct answer
Omission of Short-Term Capital Gains on sale of shares in the tax return
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