What are the legal implications of tax avoidance / What are tax evasion and its implications / The legal and Ethical implications of Tax avoidance / Best law firm in Coimbatore / Best advocates in Coimbatore/Best law service in Coimbatore / Best legal consultation in Coimbatore / Best legal services in Coimbatore / Best lawyers in Coimbatore/ Online legal consultation. In India, tax avoidance and evasion are both illegal and unethical activities. Tax avoidance is an act of reducing one’s tax liability by taking advantage of legal loopholes in the tax laws. On the other hand, tax evasion is the intentional failure to comply with the law by not paying taxes that are due. Tax avoidance is not a criminal offense in India, but it does have legal implications. These include civil and administrative penalties, such as fines, surcharges, and interest. Furthermore, tax evaders may face criminal prosecution and imprisonment. The ethical implications of tax avoidance and evasion are related to the principle of fairness. Taxpayers who take advantage of loopholes to reduce their liabilities are seen as taking away from the public good, while tax evaders are seen as taking away from the government’s ability to provide public services. This is why avoiding and evading taxes is generally viewed as a selfish and unethical act. We at Saanvika Legal Associates offer various legal services such as Trust deeds, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property, registration, Getting docs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.