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SAC

SAC stands for Service Accounting Code, a unique number assigned to different services under India's...

Sale of Property

The term "Sale of Property" in the Indian context refers to the transfer of ownership...

Sample Analysis

Sample Analysis refers to the process of testing a small portion or sample of a...

Sample Analysis Report

A Sample Analysis Report is an official document that provides detailed information about the testing...

Sample Transportation

Sample Transportation refers to the process of safely and legally moving product samples from one...

Sampling Plan

A Sampling Plan is a structured approach used to select a representative portion or sample...

Saturated Fat

Saturated fat is a type of dietary fat commonly found in animal-based foods like butter,...

Schedule 1 (Nature of Business)

Schedule 1 (Nature of Business) refers to a specific section in various Indian business and...

Schedule 2 (Forms)

Schedule 2 (Forms) refers to a specific set of standardized forms prescribed under various Indian...

Schedule 3 (Fees)

Schedule 3 (Fees) refers to the section of a government notification, regulation, or Act that...

Schedule 4 (Hygienic Requirements)

Schedule 4 refers to the set of basic hygiene and safety requirements that food business...

Schedule 5 (Product Standards)

Schedule 5 (Product Standards) refers to a section under the Food Safety and Standards (Licensing...

Scope Exclusion

In the Indian context, Scope Exclusion refers to specific activities, processes, locations, or departments that...

Scope of Certification

In the Indian business context, the Scope of Certification refers to the specific activities, products,...

Scrutiny Assessment

Scrutiny Assessment is a detailed examination of an income tax return conducted by the Income...

Scrutiny Assessment (Section 143(3))

Scrutiny Assessment under Section 143(3) of the Income Tax Act is a detailed examination of...

Seafood Products Standards

Seafood Products Standards refer to the set of quality, safety, and hygiene requirements established by...

Search and Seizure

Search and Seizure refers to the legal process authorized by Indian tax authorities to inspect...

Section 10(38)

Section 10(38) of the Income Tax Act, 1961, is a provision that exempts long-term capital...

Section 112A

Section 112A is a provision under the Income Tax Act of India that deals with...

Section 24 (Interest on Home Loan)

Section 24 of the Income Tax Act, 1961, allows individual taxpayers in India to claim...

Section 44AD

Section 44AD is a provision under the Indian Income Tax Act designed to simplify tax...

Section 44ADA

Section 44ADA is a special provision under the Indian Income Tax Act designed to simplify...

Section 44AE

Section 44AE of the Income Tax Act, 1961, is a special provision designed to simplify...

Section 80C

Section 80C is one of the most popular provisions under the Income Tax Act, 1961,...

Section 80D

Section 80D of the Income Tax Act, 1961, allows individuals and Hindu Undivided Families (HUFs)...

Section 80E

Section 80E of the Income Tax Act, 1961, provides a tax deduction on the interest...

Section 80G

Section 80G of the Income Tax Act, 1961, allows individuals and businesses in India to...

Section 80TTA

Section 80TTA is a provision under the Income Tax Act of India that allows individuals...

Section 80TTB

Section 80TTB is a tax deduction available under the Income Tax Act specifically for senior...

Securities Transaction Tax (STT)

Securities Transaction Tax (STT) is a direct tax levied by the Government of India on...

Self Assessment Tax

Self Assessment Tax is the amount of income tax that a taxpayer pays on their...

Self-Assessment Tax

Self-Assessment Tax is a type of income tax that taxpayers in India are required to...

Self-Assessment under GST

Self-Assessment under GST refers to the process by which a registered taxpayer calculates the amount...

Senior Citizen's Savings Scheme (SCSS)

The Senior Citizen's Savings Scheme (SCSS) is a government-backed savings option in India designed specifically...

Service Tax

Service Tax was a tax levied by the Government of India on services provided by...

Service Tax (now GST)

Service Tax was a tax levied by the Central Government of India on certain services...

Set-off and Carry Forward of Losses

Set-off and carry forward of losses is an important concept in Indian income tax that...

Set-off of Losses

Set-off of Losses refers to the process under Indian income tax laws where a taxpayer...

SEZ (Special Economic Zone) under GST

SEZ, or Special Economic Zone, under GST refers to a designated area within India that...

SGST

SGST (State Goods and Services Tax) is a type of tax levied by the state...

Shelf Life

Shelf Life refers to the period during which a product remains safe to use, effective,...

Shelf Life Determination

Shelf Life Determination refers to the process of identifying the period during which a product,...

Short Term Capital Gain (STCG) on Listed Equity Shares

Short Term Capital Gain (STCG) on listed equity shares refers to the profit earned from...

Short-Term Capital Gain (STCG)

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

Significant Economic Presence (SEP)

Significant Economic Presence (SEP) is a concept introduced in Indian taxation to identify foreign companies...

Slump Sale

A Slump Sale refers to the transfer of an entire business undertaking as a going...

Source Rule of Taxation

The Source Rule of Taxation is a fundamental principle used in Indian tax law to...

Specified Assessee

In the Indian tax system, a Specified Assessee refers to an individual, company, or other...

Speculative Business

Speculative Business refers to a type of business activity where the income is derived from...

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