What is Tax Evasion | Government Penalties on Tax Evasion | Methods of Tax Evasion

Watch this informative video to learn everything about Tax Evasion, including the difference between Tax Evasion and Tax Avoidance, methods of tax evasion, government penalties for tax evasion, and much more. #taxevasion
Tax evasion is an illegal act applicable to nonpayment or underpayment of taxes. According to the tax evasion definition, This act is all about hiding the income or false income without proof of inflating deductions or failure to report cash transactions.
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This video covers:
00:00 Introduction
0:22 Summary of the Tax Evasion?
1:41 What is the concept of Tax Evasion?
2:35 Difference between Tax Evasion & Tax Avoidance
3:49 Methods of Tax Evasion
6:29 Government Penalties on Tax Evasion
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