Composition Scheme
Meaning & Definition The composition scheme is a simplified GST system for small businesses. It allows them to…
Deduction
Meaning & Definition Deduction is an amount subtracted from taxable income to reduce the tax liability. It helps…
Deductions
Meaning & Definition Deductions refer to multiple allowable subtractions from taxable income, such as investments, expenses, or donations.…
Digital Signature for Tax Filing
Meaning & Definition A digital signature for tax filing is an electronic method used to authenticate documents submitted…
Double Taxation Avoidance
Meaning & Definition Double Taxation Avoidance refers to agreements or rules that prevent the same income from being…
e-Filing
Meaning & Definition e-Filing is the process of submitting tax returns and related documents online through the official…
Exemption
Meaning & Definition Exemption refers to an income or amount that is not subject to tax. Certain incomes,…
Financial Year
Meaning & Definition A financial year is a 12-month period used for accounting and tax purposes. In India,…
Compounding
Meaning & Definition Compounding is the process where investment earnings generate additional earnings over time. It allows small…
Corporate Bond
Meaning & Definition A corporate bond is a debt instrument issued by a company to raise funds from…