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Radiation and Irradiated Food

In the Indian context, Radiation refers to the use of controlled energy waves, such as...

Real Estate

Real estate in the Indian context refers to land and any permanent structures attached to...

Real Estate Investment Trust (REIT)

Real Estate Investment Trust (REIT) is a company or trust that owns, operates, or finances...

Reassessment

Reassessment refers to the process in which the Income Tax Department re-evaluates a taxpayer’s income...

Rebate

In the Indian finance and taxation context, a rebate refers to a reduction or refund...

Rebate under Section 87A

Rebate under Section 87A is a tax benefit provided to individual taxpayers in India to...

Recall Plan

A Recall Plan is a documented procedure that businesses, especially those involved in food and...

Recertification Audit

A Recertification Audit is a formal review process conducted by a certification body to renew...

Record Control

Record Control refers to the systematic process of creating, naming, storing, protecting, retrieving, retaining, and...

Rectification

In the Indian finance, taxation, and compliance context, rectification refers to the process of correcting...

Rectification of Mistake

Rectification of Mistake refers to the correction of an error that is apparent on the...

Rectification under Section 154

Rectification under Section 154 refers to the process of correcting any apparent mistakes or errors...

Reference to High Court

Reference to High Court is a legal process used in the Indian tax system when...

Refund

In the Indian finance and taxation context, a refund refers to the amount of money...

Refund of Tax

Refund of Tax refers to the amount returned by the Income Tax Department to a...

Regional e-Assessment Units (ReACs)

Department of India to carry out faceless assessments of income tax returns. They function as...

Registration Certificate

A Registration Certificate is an official document issued by a government authority that confirms a...

Registration Fees

Registration Fees refer to the official charges or payments made to a government authority or...

Regulatory Authority

A Regulatory Authority in India is a government-appointed body or agency responsible for creating, monitoring,...

Remission of Penalty

Remission of penalty refers to the partial or complete waiver of a penalty that a...

Renewal of License

Renewal of License refers to the process of extending the validity of an existing business...

Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) is the central bank of India, responsible for regulating...

Residence Rule of Taxation

The Residence Rule of Taxation in India is a fundamental principle used to determine an...

Resident

In the Indian context, a Resident refers to an individual or entity that meets certain...

Resident but Not Ordinarily Resident (RNOR)

Resident but Not Ordinarily Resident (RNOR) is a specific tax residency status defined under Indian...

Residential Status

Residential Status in the Indian context refers to an individual’s or entity’s classification based on...

Revenue Expenditure

Revenue Expenditure refers to the day-to-day operating expenses a business incurs to maintain its routine...

Reverse Charge Liability

Reverse Charge Liability is a concept under the Indian Goods and Services Tax (GST) system...

Reverse Charge Mechanism (RCM)

Reverse Charge Mechanism (RCM) is a system under India’s Goods and Services Tax (GST) where...

Reverse Charge on Unregistered Supplier

Reverse Charge on Unregistered Supplier is a concept under the Indian Goods and Services Tax...

Revised Return

A Revised Return is an updated version of your original income tax return filed under...

Revision

Revision refers to the process of correcting or updating information in previously filed or submitted...

Revision under Section 263

Revision under Section 263 refers to the power of the Income Tax Department in India...

Revision under Section 264

Revision under Section 264 of the Income Tax Act, 1961, allows a taxpayer to request...

Revocation of Cancellation

Revocation of Cancellation refers to the process by which a previously cancelled registration under Indian...

Risk Assessment

Risk Assessment in the Indian business and taxation context refers to the process of identifying,...

Risk Management

Risk Management refers to the process of identifying, assessing, and controlling potential risks that could...

Risk-based Thinking

Risk-based thinking is a proactive approach that involves identifying, assessing, and managing potential risks and...

Root Cause Analysis

Root Cause Analysis (RCA) is a structured method used to identify the underlying reason for...

Royalty Income

Royalty Income refers to the earnings an individual or business receives for allowing others to...

Rural Agricultural Land

Rural Agricultural Land refers to farmland located in areas outside city limits, typically in villages...

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