AllABCDEFGHIJKLMNOPQRSTUVWXYZ P Packaged Drinking Water Standards Packaged Drinking Water Standards refer to the set of quality and safety regulations prescribed by... Learn More → Packaging Labeling Requirements Packaging Labeling Requirements refer to the mandatory guidelines set by Indian authorities that businesses must... Learn More → Packaging Material Approval Packaging Material Approval refers to the formal process of ensuring that the materials used to... Learn More → Packaging Material Safety Packaging Material Safety refers to the standard and quality of materials used to pack food... Learn More → PAN Card / Permanent Account Number A PAN (Permanent Account Number) is a unique 10-character alphanumeric code issued by the Income... Learn More → PAN Verification PAN Verification is the process of validating the authenticity of a Permanent Account Number (PAN)... Learn More → PDCA Cycle The PDCA Cycle—short for Plan-Do-Check-Act—is a continuous improvement process used by Indian businesses to enhance... Learn More → Penalty In the Indian financial and legal system, a penalty is a monetary charge or punishment... Learn More → Pension In the Indian context, a pension is a regular payment made to individuals after their... Learn More → Pension Fund A Pension Fund in the Indian context refers to a pooled investment scheme that collects... Learn More → Performance Evaluation Performance Evaluation refers to the systematic process of assessing how well an individual, team, department,... Learn More → Permanent Account Number (PAN) A Permanent Account Number (PAN) is a unique 10-character alphanumeric identifier issued by the Income... Learn More → Permanent Establishment (PE) Permanent Establishment (PE) refers to a fixed place of business through which a foreign company... Learn More → Perquisites Perquisites, commonly known as "perks," refer to benefits or advantages an employee receives from their... Learn More → Pesticide Residue Pesticide residue refers to the small amounts of chemicals left on or in fruits, vegetables,... Learn More → Place of Business In the Indian context, a Place of Business refers to any location where a business... Learn More → Place of Effective Management (POEM) Place of Effective Management (POEM) is a key concept used by Indian tax authorities to... Learn More → Place of Supply Place of Supply is a key concept under India’s Goods and Services Tax (GST) system.... Learn More → Policy Statement A Policy Statement is a formal written declaration that outlines an organization’s commitment, intentions, and... Learn More → Post Office Monthly Income Scheme (POMIS) The Post Office Monthly Income Scheme (POMIS) is a government-backed savings plan offered by India... Learn More → Power of Attorney A Power of Attorney (PoA) is a legal document that allows one person (called the... Learn More → Preliminary Expenses Preliminary Expenses refer to the initial costs incurred by a business before it officially starts... Learn More → Prepaid Expenses (also for tax deduction) Prepaid expenses refer to payments made in advance for goods or services that will be... Learn More → Prescribed Authority Prescribed Authority refers to a specific government officer or regulatory body that has been officially... Learn More → Preservatives Preservatives are substances added to food products to prevent spoilage, extend shelf life, and maintain... Learn More → Presumptive Taxation Presumptive Taxation is a simplified tax scheme provided under the Income Tax Act of India,... Learn More → Prevention of Money Laundering Act (PMLA) The Prevention of Money Laundering Act (PMLA) is an important Indian law designed to prevent... Learn More → Preventive Action In the Indian business and compliance landscape, Preventive Action refers to the steps taken by... Learn More → Previous Year (PY) In the Indian income tax system, the term Previous Year (PY) refers to the financial... Learn More → Principal Chief Commissioner of Income Tax (PCCIT) The Principal Chief Commissioner of Income Tax (PCCIT) is the highest-ranking officer in the Indian... Learn More → Principal Place of Business In the Indian context, the Principal Place of Business refers to the main location where... Learn More → Process Approach The Process Approach is a management strategy that views all activities within a business as... Learn More → Product Recall Notice A Product Recall Notice is an official communication issued by a company or regulatory authority... Learn More → Product Traceability Product Traceability refers to the ability to track and trace the history, location, and movement... Learn More → Professional Tax Professional Tax is a state-level tax in India that is levied on income earned by... Learn More → Proficiency Testing Proficiency Testing (PT) in the Indian context refers to an evaluation process where a laboratory... Learn More → Profit and Loss Account A Profit and Loss Account (also known as the P&L Account) is a financial statement... Learn More → Profits and Gains of Business or Profession (PGBP) Profits and Gains of Business or Profession (PGBP) refer to the income earned by individuals,... Learn More → Project for Re-assessment Project for Re-assessment refers to the formal process initiated by the Income Tax Department in... Learn More → Proprietary Food Proprietary Food refers to food products that are unique, innovative, or specially formulated by a... Learn More → Proprietorship (Tax structure) A proprietorship, also known as a sole proprietorship, is the simplest and most commonly used... Learn More → Prosecution Prosecution refers to the legal process where government authorities take action against an individual or... Learn More → Protein Content Protein Content refers to the amount of protein present in a food product, usually measured... Learn More → Provident Fund (PF) Provident Fund (PF) is a government-backed savings scheme in India designed to help employees build... Learn More → Provision for Tax Provision for Tax refers to the estimated amount of income tax that a business expects... Learn More → Provisional ITC Provisional ITC (Input Tax Credit) refers to the temporary credit that a taxpayer can claim... Learn More → Public Health Laboratory (PHL) A Public Health Laboratory (PHL) is a government-authorized facility that conducts scientific testing and analysis... Learn More → Public Provident Fund (PPF) The Public Provident Fund (PPF) is a long-term, government-backed savings scheme in India designed to... Learn More →
