Match List I with List II.

List I (Consequent outcome) 

List II (Taxation Perspective )

A.

The person is liable to penalty and prosecution

I.

Tax management

B.

Tax गs reduced by taking advantage of loopholes in the law

II.

Tax Avoidance

C.

The main aim is compliance with legal formalities 

III.

Tax Evasion

D.

It is a guide for decision-making 

IV.

Tax planning


Choose the correct answer from the options given below: 

1
A - II, B - III, C - IV, D - I
2
A - II, B - IV, C - III, D - I
3
A - III, B - II, C - I, D - IV
4
A - III, B - I, C - IV, D - II

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