AllABCDEFGHIJKLMNOPQRSTUVWXYZ A AADHAAR OTP AADHAAR OTP (One-Time Password) is a secure, temporary numeric code sent to the mobile number... Learn More → Aadhaar-PAN Linking Aadhaar-PAN linking is the process of connecting an individual’s Permanent Account Number (PAN) with their... Learn More → Accounting Equation The Accounting Equation is the foundational formula of accounting that ensures a company’s financial statements... Learn More → Accounting Period An Accounting Period is the specific time frame for which a business records and reports... Learn More → Accounting Policies Accounting policies refer to the specific principles, rules, methods, and practices that a business follows... Learn More → Accounting Profit Accounting Profit refers to the total earnings of a business as calculated according to standard... Learn More → Accreditation Accreditation in the Indian context refers to a formal recognition given to an organization, institution,... Learn More → Accrued Expenses Accrued Expenses refer to costs or liabilities that a business has incurred but not yet... Learn More → Accrued Income Accrued Income refers to the earnings that a business or individual has earned but has... Learn More → Additional Place of Business An Additional Place of Business refers to any location, other than the main or principal... Learn More → Additives Permitted List The Additives Permitted List refers to the official list of food additives that are approved... Learn More → Advance Pricing Agreement (APA) An Advance Pricing Agreement (APA) is a formal arrangement between a taxpayer and the Indian... Learn More → Advance Ruling Advance Ruling is a formal decision provided by tax authorities in India on specific questions... Learn More → Advance Tax Advance Tax refers to the income tax that must be paid in advance instead of... Learn More → Advertisement Tax Advertisement Tax is a type of levy imposed by local municipal authorities in India on... Learn More → Advocate An Advocate in the Indian context is a legal professional authorized to represent clients in... Learn More → Aggregate Turnover Aggregate Turnover refers to the total value of all taxable supplies, exempt supplies, exports of... Learn More → Agricultural Income Agricultural Income refers to any income earned from agricultural activities carried out on land situated... Learn More → Agricultural Operations Agricultural operations refer to activities related to cultivating land, growing crops, and managing farms, including... Learn More → Allergen An allergen is any substance that can cause an allergic reaction in people who are... Learn More → Allergen Declaration Allergen Declaration refers to the clear identification and listing of specific substances in food products... Learn More → Allowances In the Indian financial and taxation context, allowances refer to specific amounts paid by an... Learn More → Alternative Investment Fund (AIF) Alternative Investment Fund (AIF) refers to a privately pooled investment vehicle in India that collects... Learn More → Alternative Minimum Tax (AMT) Alternative Minimum Tax (AMT) is a special tax provision in India designed to ensure that... Learn More → Amalgamation Amalgamation refers to the process where two or more companies combine to form a new... Learn More → Amended Return An Amended Return in the Indian tax and compliance context refers to a corrected or... Learn More → Amendment In the Indian business and legal context, an Amendment refers to a formal change or... Learn More → Amendment of Registration Amendment of Registration refers to the process of updating or correcting the details in a... Learn More → Amnesty Scheme An Amnesty Scheme in the Indian context refers to a government-initiated program that allows individuals... Learn More → Amortisation Amortisation refers to the gradual reduction of an intangible asset’s value over its useful life.... Learn More → Amortization Amortization refers to the gradual reduction of an intangible asset’s value over its useful life... Learn More → Angel Investor An Angel Investor is an individual who provides financial support to early-stage startups or small... Learn More → Angel Tax Angel Tax refers to the tax imposed on the capital raised by startups or private... Learn More → Annexure III (Form B Conditions) Annexure III (Form B Conditions) refers to a specific set of conditions attached to Form... Learn More → Annual Information Statement The Annual Information Statement (AIS) is a comprehensive summary of a taxpayer's financial transactions for... Learn More → Annual Information Statement (AIS) The Annual Information Statement (AIS) is a comprehensive digital document provided by the Income Tax... Learn More → Annual Return An Annual Return is a mandatory document that every registered business under the Goods and... Learn More → Annual Return (Company Law) An Annual Return (Company Law) is a mandatory filing under the Companies Act, 2013, that... Learn More → Annual Return Filing (under Income Tax) Annual Return Filing under Income Tax refers to the mandatory process of submitting a summary... Learn More → Anti-Profiteering Clause The Anti-Profiteering Clause is a key provision under India's Goods and Services Tax (GST) law.... Learn More → Anti-Profiteering under GST Anti-Profiteering under GST is a regulatory measure introduced by the Indian government to ensure that... Learn More → API (Application Programming Interface) API (Application Programming Interface) is a set of tools and protocols that allow different software... Learn More → Appeal In the Indian financial and legal system, an appeal is a formal request made to... Learn More → Appeal to Supreme Court An Appeal to the Supreme Court is the process by which a party can request... Learn More → Appeals to CIT(A) Appeals to CIT(A) refer to the process of challenging an order or decision made by... Learn More → Appeals to ITAT Appeals to ITAT refer to the process of challenging the decisions made by the Income... Learn More → Appellate Authority In the Indian finance and taxation context, an Appellate Authority is an official or body... Learn More → Approved Gratuity Fund An Approved Gratuity Fund is a retirement benefit scheme set up by an employer to... Learn More → ARN (Application Reference Number) ARN (Application Reference Number) is a unique identification number assigned to every application filed with... Learn More → Artificial Flavors Artificial flavors are chemical substances created to mimic the taste and aroma of natural ingredients.... Learn More → Explore 20 More Docs B Bad Debts In the Indian financial and accounting context, Bad Debts refer to the amounts owed to... Learn More → Balance Sheet A Balance Sheet is a financial statement that shows a company’s financial position at a... Learn More → Bank Overdraft A Bank Overdraft is a financial facility offered by banks in India that allows an... Learn More → Bank Reconciliation Statement A Bank Reconciliation Statement (BRS) is a financial document that compares the bank balance shown... Learn More → Basic Registration Basic Registration refers to the initial registration process required for businesses or individuals to legally... Learn More → Batch Number A Batch Number is a unique identifier assigned to a specific group or batch of... Learn More → Batch Traceability Batch Traceability refers to the process of tracking and recording the history, location, and movement... Learn More → Bearer Cheque A Bearer Cheque is a type of cheque in which payment is made to the... Learn More → Benami Property Benami Property refers to any property that is purchased or held by one person, but... Learn More → Benami Property Transactions Act The Benami Property Transactions Act, originally enacted in 1988 and later amended in 2016, is... Learn More → Benami Transaction A Benami Transaction refers to a situation where a property or asset is purchased and... Learn More → BEPS (Base Erosion and Profit Shifting) BEPS, or Base Erosion and Profit Shifting, refers to tax planning strategies used by multinational... Learn More → Best Before Date The Best Before Date is a label used on food and beverage products to indicate... Learn More → Best Judgment Assessment Best Judgment Assessment is a process used by Indian tax authorities to determine the amount... Learn More → Best Judgment Assessment (Section 144) Best Judgment Assessment under Section 144 of the Income Tax Act, 1961, refers to a... Learn More → Beverage Standards Beverage Standards in India refer to the set of quality and safety guidelines established by... Learn More → Bill of Exchange A Bill of Exchange is a legally binding written document used in business transactions in... Learn More → Biotechnology-Derived Food Biotechnology-Derived Food refers to food products that are developed using modern biotechnology techniques, such as... Learn More → Black Money Black money refers to income or assets that are not reported to the government for... Learn More → Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act is an... Learn More → Blocked Credit Blocked Credit refers to the input tax credit (ITC) that a business cannot claim under... Learn More → Body of Individuals (BOI) In the Indian context, a Body of Individuals (BOI) refers to a group of individuals... Learn More → Bond/LUT (Letter of Undertaking) In the Indian GST framework, a Bond or Letter of Undertaking (LUT) is an official... Learn More → Book Value Book Value refers to the net value of a company’s assets as recorded in its... Learn More → Books of Accounts In the Indian context, Books of Accounts refer to the financial records maintained by a... Learn More → Bottled Water Regulations Bottled Water Regulations in India refer to the set of rules and standards established by... Learn More → Brokerage In the Indian financial and investment ecosystem, brokerage refers to the fee or commission charged... Learn More → Business Income Business Income refers to the earnings generated from any trade, commerce, manufacturing, or service-related activity... Learn More → Business Loss Business Loss refers to the situation when the expenses and costs incurred in running a... Learn More → C Calorific Value Calorific Value refers to the amount of energy or heat produced when a specific quantity... Learn More → Cancellation of Registration Cancellation of Registration refers to the process of officially removing a business's GST (Goods and... Learn More → Capital Account A Capital Account refers to the section of a business's financial records that tracks the... Learn More → Capital Account Transactions (FEMA/Tax) In the Indian context, Capital Account Transactions refer to any transaction that leads to a... Learn More → Capital Asset A Capital Asset in the Indian taxation context refers to any property—movable or immovable, tangible... Learn More → Capital Expenditure Capital Expenditure, commonly referred to as CapEx, is the money a business spends to acquire,... Learn More → Capital Gains Capital Gains refer to the profit earned from the sale of a capital asset such... Learn More → Capital Loss Capital Loss refers to the loss incurred when a capital asset—such as property, shares, or... Learn More → Capital Reserve A Capital Reserve is a type of reserve created from a company’s capital profits rather... Learn More → Carbohydrate Content Carbohydrate content refers to the amount of carbohydrates present in a food product, usually measured... Learn More → Carry Forward of Losses Carry Forward of Losses is a provision under Indian income tax laws that allows individuals... Learn More → Case Laws In the Indian context, Case Laws refer to the collection of judicial decisions made by... Learn More → Cash Accounting Cash Accounting is a simple method of recording business transactions where income is recorded only... Learn More → Cash Book A Cash Book is a financial journal used to record all cash and bank transactions... Learn More → Cash Credit Cash Credit is a short-term financing facility provided by banks to businesses, allowing them to... Learn More → Cash Discount A Cash Discount is a financial incentive offered by a seller to encourage buyers to... Learn More → Cash Flow Statement A Cash Flow Statement is a key financial report that shows how cash moves in... Learn More → Cash Reserve Ratio Cash Reserve Ratio (CRR) is the minimum percentage of a commercial bank's total deposits that... Learn More → Casual Taxable Person A Casual Taxable Person is an individual or business entity in India that occasionally undertakes... Learn More → Category I Laboratory A Category I Laboratory refers to a type of food testing laboratory recognized under the... Learn More → Category II Laboratory A Category II Laboratory refers to a type of food testing lab recognized under the... Learn More → Category III Laboratory A Category III Laboratory in India refers to a food testing laboratory that is recognized... Learn More → Central Board of Direct Taxes The Central Board of Direct Taxes (CBDT) is the apex policy‑making body that administers India’s... Learn More → Central Board of Direct Taxes (CBDT) The Central Board of Direct Taxes (CBDT) is a key government authority in India responsible... Learn More → Central Excise Duty Central Excise Duty was a form of indirect tax levied by the Central Government of... Learn More → Central License (Form B) The Central License (Form B) is an official approval issued by the Food Safety and... Learn More → Central Licensing Authority Central Licensing Authority refers to the designated government body responsible for issuing and managing licenses... Learn More → Central Sales Tax Central Sales Tax (CST) is a tax levied by the Central Government of India on... Learn More → Central Sales Tax (CST) Central Sales Tax (CST) is a tax levied by the Central Government of India on... Learn More → Cereals and Cereal Products Standards Cereals and Cereal Products Standards refer to the specific quality, safety, and labeling requirements established... Learn More → Certificate of Incorporation (for PAN/GST) A Certificate of Incorporation is an official document issued by the Ministry of Corporate Affairs... Learn More → Certificate Validity Certificate Validity refers to the specific period during which a certification—such as ISO, GST registration,... Learn More → Certification Audit A Certification Audit is a formal process conducted by an accredited third-party body to evaluate... Learn More → Certification Body A Certification Body is an authorized organization that assesses and verifies whether a company, product,... Learn More → Certification Cost Certification Cost refers to the total money a business in India spends to obtain and... Learn More → Cess Cess is a type of tax in India that is levied by the government for... Learn More → Cess under GST Cess under GST is an additional tax levied on certain goods and services over and... Learn More → CGST CGST stands for Central Goods and Services Tax. It is a component of the Goods... Learn More → Challan A Challan in the Indian financial and taxation context is a formal document or receipt... Learn More → Challan 280 Challan 280 is an official form issued by the Income Tax Department of India used... Learn More → Challan Identification Number A Challan Identification Number (CIN) is a unique number generated when a taxpayer makes a... Learn More → Change Management Change Management refers to the structured approach a business takes to transition from its current... Learn More → Chapter VI A Deductions Chapter VI A Deductions refer to a group of income tax deductions available under the... Learn More → Charitable Trust A Charitable Trust in the Indian context refers to a legal arrangement where a person... Learn More → Chart of Accounts A Chart of Accounts (COA) is a structured list of all the accounts used by... Learn More → Chartered Accountant A Chartered Accountant (CA) is a certified finance professional in India who is trained and... Learn More → Chartered Accountant (CA) A Chartered Accountant (CA) is a certified finance and accounting professional in India, regulated by... Learn More → Circulars Circulars are official communications issued by government departments or tax authorities in India to clarify,... Learn More → Closing Stock Closing Stock refers to the value of unsold goods or inventory that a business holds... Learn More → Clubbing of Income Clubbing of Income refers to a provision in the Indian Income Tax Act that requires... Learn More → Explore 48 More Docs D Daily Value (DV) Daily Value (DV) refers to the recommended amount of a nutrient that an average person... Learn More → Dairy Products Standards Dairy Products Standards refer to the set of quality and safety requirements established by Indian... Learn More → Data Confidentiality Data Confidentiality refers to the principle and practice of ensuring that sensitive business, financial, and... Learn More → Date of Transfer The Date of Transfer refers to the specific day when the ownership of a capital... Learn More → Debentures Debentures are a type of long-term debt instrument used by companies in India to raise... Learn More → Debit Note A Debit Note is an important financial document used by businesses in India to officially... Learn More → Deductions (Chapter VIA) Deductions under Chapter VIA of the Income Tax Act, 1961 refer to specific provisions that... Learn More → Deemed Dividend In the Indian taxation system, a deemed dividend refers to certain payments or distributions made... Learn More → Deemed Export Deemed Export is a special category of supply under Indian tax laws where goods supplied... Learn More → Deemed Income Deemed Income refers to income that is not actually received by a taxpayer but is... Learn More → Deferred Revenue Deferred Revenue refers to the advance payments a business receives for goods or services that... Learn More → Deferred Tax Deferred Tax refers to the difference between the income tax payable as per the Income... Learn More → Demand and Recovery Demand and Recovery refer to the process used by Indian tax authorities to claim unpaid... Learn More → Dematerialised Account A Dematerialised Account (commonly known as a Demat Account) is an electronic account that allows... Learn More → Demerger In the Indian business and taxation context, a demerger refers to the process by which... Learn More → Demonetization Demonetization refers to the official process by which a government withdraws the legal tender status... Learn More → Depreciation Depreciation refers to the gradual reduction in the value of a tangible asset over time... Learn More → Design and Development Control Design and Development Control refers to the structured process of planning, reviewing, and managing all... Learn More → Designated Officer A Designated Officer in India is a person officially appointed by a government department or... Learn More → Digital Gold Digital Gold refers to a modern and convenient way of buying and investing in gold... Learn More → Digital Signature Certificate A Digital Signature Certificate (DSC) is an electronic form of a signature used to authenticate... Learn More → Digital Signature Certificate (DSC) A Digital Signature Certificate (DSC) is an electronic form of a signature that is used... Learn More → Direct Tax Code (DTC) The Direct Tax Code (DTC) is a proposed legislation by the Indian government aimed at... Learn More → Dividend Account (in tax context) In the Indian taxation framework, a Dividend Account refers to a specific account maintained by... Learn More → Dividend Distribution Tax Dividend Distribution Tax (DDT) was a tax levied on Indian companies for distributing profits to... Learn More → Dividend Distribution Tax (DDT) Dividend Distribution Tax (DDT) was a tax levied on companies in India when they distributed... Learn More → Dividend Income Dividend Income refers to the earnings received by shareholders from a company’s profits. In the... Learn More → Document Control Document Control refers to the systematic management of documents within an organisation to ensure that... Learn More → Documented Information In the Indian business and compliance landscape, Documented Information refers to all records, documents, and... Learn More → Donations In the Indian context, donations refer to voluntary contributions made by individuals, businesses, or organizations... Learn More → Double Entry Bookkeeping Double Entry Bookkeeping is a systematic accounting method where every financial transaction is recorded in... Learn More → Double Entry System The Double Entry System is a standard method of accounting used widely in India for... Learn More → Double Taxation Avoidance Agreement (DTAA) Double Taxation Avoidance Agreement (DTAA) is a bilateral treaty between India and another country that... Learn More → Drawings Drawings refer to the amount of money or other assets withdrawn by the owner(s) of... Learn More → DSC (Digital Signature Certificate) A Digital Signature Certificate (DSC) is an electronic form of a signature used to authenticate... Learn More → Due Date for ITR Filing The Due Date for ITR Filing refers to the last date by which an individual,... Learn More → Due Date for Tax Audit Report The Due Date for Tax Audit Report in India refers to the last date by... Learn More → E E Number An E Number in the Indian context refers to a unique identification code assigned to... Learn More → E-Commerce Food Regulations E-Commerce Food Regulations in India refer to the set of legal and safety guidelines that... Learn More → E-Filing E-Filing, short for electronic filing, refers to the process of submitting various financial and legal... Learn More → E-Invoicing E-Invoicing, short for Electronic Invoicing, is a system introduced by the Government of India under... Learn More → E-Payment E-Payment, or electronic payment, refers to the process of transferring money through digital means rather... Learn More → e-Verification e-Verification is the digital process of validating and confirming the authenticity of income tax returns... Learn More → E-Way Bill An E-Way Bill (Electronic Way Bill) is a mandatory document under the Goods and Services... Learn More → Earnings Before Interest and Tax (EBIT) Earnings Before Interest and Tax (EBIT) is a financial metric that shows a company's profitability... Learn More → Earnings Per Share (EPS) Earnings Per Share (EPS) is a key financial ratio that indicates how much profit a... Learn More → Electronic Verification Code An Electronic Verification Code (EVC) is a secure, digital code used to verify a taxpayer's... Learn More → Electronic Verification Code (EVC) An Electronic Verification Code (EVC) is a secure 10-digit alphanumeric code used to verify the... Learn More → Emergency Preparedness Emergency Preparedness refers to the proactive planning and readiness of a business or organization to... Learn More → EMS EMS stands for Environmental Management System. In the Indian business context, an EMS is a... Learn More → Emulsifiers Emulsifiers are food additives used to mix ingredients that normally don’t combine well, such as... Learn More → Entertainment Tax Entertainment Tax was a type of indirect tax levied by state governments in India on... Learn More → Entry Tax Entry Tax was a type of indirect tax levied by state governments in India on... Learn More → Environmental Aspect An Environmental Aspect refers to any element of a business’s activities, products, or services that... Learn More → Equalisation Levy Equalisation Levy is a tax introduced by the Indian government to address the challenge of... Learn More → Equity Linked Savings Scheme (ELSS) An Equity Linked Savings Scheme (ELSS) is a type of mutual fund in India that... Learn More → Equity Share Capital Equity Share Capital refers to the total amount of money raised by a company through... Learn More → ESOP (Employee Stock Option Plan) ESOP, or Employee Stock Option Plan, is a benefit scheme offered by companies to their... Learn More → EVC (Electronic Verification Code) EVC stands for Electronic Verification Code. It is a 10-digit alphanumeric code used in India... Learn More → Excise Duty Excise Duty is a type of indirect tax that was levied by the central government... Learn More → Exempt Income Exempt Income refers to the portion of an individual’s or entity’s total income that is... Learn More → Exempt Supply Exempt Supply refers to goods or services that are not subject to Goods and Services... Learn More → Exempted Turnover In the Indian GST (Goods and Services Tax) framework, Exempted Turnover refers to the total... Learn More → Expenditure Linked Deduction Expenditure Linked Deduction refers to a specific type of tax benefit allowed under the Indian... Learn More → Expiry Date In the Indian business and regulatory context, the Expiry Date refers to the last valid... Learn More → Export Duty Export Duty is a type of tax imposed by the Indian government on goods that... Learn More → Export of Services Export of Services refers to the supply of services from India to a recipient located... Learn More → Export under GST Export under GST refers to the supply of goods or services from India to a... Learn More → External Audit An External Audit is an independent examination of a company’s financial records, conducted by a... Learn More →
