Difference between Tax Evasion and Tax Avoidance

The upcoming discussion will update you about the difference between tax evasion and tax avoidance. Difference # Tax Evasion: Tax evasion implies an intention to avoid payment of tax where there is actual knowledge of liability. It usually involves deliberate concealment of the facts from the revenue authorities, and is illegal. Evasion does not generally require an intention to evade, [...]