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A wholly owned subsidiary is a company that is completely owned by another company. The company that owns the subsidiary is called the parent company or holding company. The parent company will hold all of the subsidiary's common stock. Parent companies and their subsidiaries companies are separate legal entities.One company, including the parent company, cannot be held liable for the debts of another company.
Tax planning is the analysis of one's financial situation from a tax efficiency point of view so as to plan one's finances in the most optimized manner.
For GST, the term Aggregate Turnover implies all provisions made by the assessable individual whether all alone or sake of a foremost.
A tax return is a form(s) filed with a taxing authority that reports income, expenses, and other pertinent tax information.