Re-KYC: Full Form & Meaning
Re-KYC stands for Renewal of Know Your Customer. It is a process where banks or financial institutions update…
SEZ in GST: Full Form, Meaning, and Definition
SEZ stands for Special Economic Zone. These are areas in India that are treated as separate economic zones…
IRN in GST: Full Form & Meaning
IRN stands for Invoice Reference Number in the GST system. It is a unique number generated for every…
EVC in GST: Full Form, Definition & Meaning
EVC stands for Electronic Verification Code. It is a one-time password (OTP) used for the GST system to…
DRC in GST: Full Form, Definition & Meaning
DRC stands for Demand and Recovery Case in the Goods and Services Tax (GST) system. It is a…
Holding Company: Definition, Types, Advantages and Disadvantages
What is a Holding Company? A holding company is a business corporation or limited liability company (LLC) that…
Understanding Royalty: Definition, Meaning, and Types
Understanding Royalty A royalty is a contractual payment made to the individual or company of a particular asset…
What is Corporation? : Meaning, Types and Formation
Understanding Corporation A corporation is a type of legal entity that is separate from its owners. Created under…
Insurable Interest: Meaning & Example
What is Insurable Interest? Insurable Interest is a financial stake or potential loss that a person or entity…
Surcharge in Taxation: Definition, Meaning, and Applicability
Introduction to Surcharge If any individual falls in the higher income category, the Income Tax Department of India…