Paragraph match score 100.0%
Page A-269
3. Permissive Tax Planning
This type of tax planning involves using the provisions and exemptions legally available under the Income Tax Act to reduce tax liability. Examples include claiming deductions under Sections 80C (investments), 80D (medical insurance), or exemptions like House Rent Allowance (HRA) and Leave Travel Allowance (LTA). It ensures compliance with tax laws while maximising benefits within the legal framework — making it the most common and safest form of tax planning.
Page A-496
3. Permissive Tax Planning
This type of tax planning involves using the provisions and exemptions legally available under the Income Tax Act to reduce tax liability. Examples include claiming deductions under Sections 80C (investments), 80D (medical insurance), or exemptions like House Rent Allowance (HRA) and Leave Travel Allowance (LTA). It ensures compliance with tax laws while maximising benefits within the legal framework — making it the most common and safest form of tax planning.