Every financial year, taxpayers are expected to file their taxes before the set deadline by the tax authorities. Failure to meet this obligation often results in penalties and fines being levied against the taxpayer. Learn more about the consequences of tax evasion and avoidance from the provided link.
Additional resources for further reading:
- Comprehensive Guide on Double Taxation Avoidance Agreements (DTAA) – Participating Countries and Income Tax Provisions
- Effective Strategy, Syllabus, and Structure for UPSC Mains General Studies Paper-III