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…
Merchant Banking: Definition, Functions and Advantages
What is Merchant Banking? Merchant banking refers to a specialised financial service that is provided by banks or…
Meaning and Definition of Wealth Management
What is Wealth Management? Wealth management refers to a financial service or assistance to affluent clients. This is…