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Finance, Tax & Legal Dictionary
Searchable dictionary of finance, tax, accounting and legal terms with statutory references.
56 items
PANPermanent Account Number: a 10-character ID issued by the Income Tax Department.Permanent Establishment (PE)A fixed place of business that makes a foreign company taxable in a country.Place of SupplyThe location that decides whether CGST+SGST or IGST applies.Presumptive TaxationPaying tax on a fixed percentage of turnover instead of keeping detailed books.Previous YearThe financial year in which income is earned (under the 1961 Act).Private CompanyA company that restricts share transfers and has at most 200 members.
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