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Label Declaration

A Label Declaration refers to the mandatory information that must be displayed on the label...

Labeling Regulations

Labeling Regulations in the Indian context refer to the set of rules and guidelines that...

Labelling and Display Regulations, 2020

Labelling and Display Regulations, 2020 refer to a set of rules established by the Food...

Laboratory Recognition Regulations, 2018

The Laboratory Recognition Regulations, 2018 were introduced by the Food Safety and Standards Authority of...

Lead Auditor

A Lead Auditor is a qualified professional responsible for planning, conducting, and managing audits to...

Leadership Commitment

Leadership Commitment refers to the active involvement and accountability of top management in setting the...

Leave Encashment

Leave Encashment refers to the amount paid by an employer to an employee in exchange...

Leave Travel Concession (LTC)

Leave Travel Concession (LTC) is a tax-exempt benefit provided by employers in India to employees,...

Ledger Account

A Ledger Account is a key component of the accounting system used by Indian businesses...

Legal Compliance

Legal compliance in the Indian context refers to the process by which businesses, organizations, and...

Liberalised Remittance Scheme (LRS)

The Liberalised Remittance Scheme (LRS) is a facility introduced by the Reserve Bank of India...

License Application Fee

A License Application Fee is the official charge you pay to a government authority when...

License Certificate

A License Certificate in the Indian business context is an official document issued by a...

Limited Liability Partnership

A Limited Liability Partnership (LLP) is a type of business structure in India that combines...

Limited Liability Partnership (LLP)

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Local File

In the Indian taxation context, a Local File is a detailed report that multinational companies...

Local Licensing Authority

In the Indian business and regulatory context, a Local Licensing Authority is the government official...

Logistics and Warehousing

Logistics and Warehousing refer to the organized process of managing the movement, storage, and handling...

Long Term Capital Gain (LTCG) on Listed Equity Shares

Long Term Capital Gain (LTCG) on Listed Equity Shares refers to the profit earned from...

Long-Term Capital Gain (LTCG)

Long-Term Capital Gain (LTCG) refers to the profit earned from the sale of a capital...

Lot Code

A Lot Code is a unique identifier assigned to a specific batch or group of...

LUT (Letter of Undertaking)

A Letter of Undertaking (LUT) is a document that exporters in India must file with...

Luxury Tax

Luxury Tax in the Indian context refers to a tax that was historically levied on...

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