Considering the fact that the budget was just an interim budget, our FM refrained from making any significant policy decisions or announcements for direct taxes. However, he did announce few benefits for the small tax payers enumerated as below.
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.