Tax evasion is usually known as an act in which an individual intentionally chooses to not to pay income taxes that is due on him or her.
This act of not paying taxes may be done by simply choosing to not file an income tax return, or choosing to not to include any information that is about taxable income on the filed return. In all instances, it is considered that a tax evasion is a fraud, and so it usually carries stiff penalties.
Intention of the individual plays a key role
While there are some by which it is considered that any type of omission from the tax return to constitute tax evasion, it is important to remember that it is possible to omit an item just due to the reason that the data was overlooked when filing the return.
