The document discusses tax planning considerations for new businesses in relation to the form of business organization, nature of business, and location of business. It provides details on various forms like sole proprietorship, partnership, HUF, and companies. It discusses the tax rates and deductions applicable for different forms. The document also discusses factors to consider for the nature of business and how it impacts tax benefits. Finally, it summarizes tax exemptions and deductions available based on the location of business, including agricultural income, special economic zones, backward areas, and northern states.