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Finance, Tax & Legal Dictionary
Searchable dictionary of finance, tax, accounting and legal terms with statutory references.
56 items
Accrual BasisRecording income and expenses when they are earned or incurred, not when cash moves.Advance TaxIncome tax paid in instalments during the year instead of at the end.Aggregate TurnoverTotal value of all supplies of a PAN across India, used for thresholds.Assessment Year (AY)The year after the financial year in which income is assessed and the return is filed.
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