Advance Ruling
An Advance Ruling is a written answer. It tells you how tax law applies to your facts. You can ask for it before or during a deal. It binds the tax department.
Compliance & RegistrationsAdvance Tax
Advance Tax is the income tax you pay in the year. It comes in four instalments, not one sum. You must plan your tax payment before the year ends.
Income TaxAGM
An AGM is when the members of a company meet each year. The Companies Act, 2013 and Section 96 set the rules. You can vote on key matters there.
Corporate LawAIS
AIS is the Annual Information Statement. It shows the TDS and TCS tax credits on your PAN. You can check it on the tax portal. It is sent to you once a year.
Income TaxAIS vs TIS
AIS = raw transactional pass-through; TIS = category-grouped processed summary.
Income TaxAMT
AMT is the alternative minimum tax for you or a firm that pays little tax. It works on your income when your normal tax is low. You can pay it on your own.
Income TaxAoA
The AoA is the rule book of a company. It says how the members and the board work with each other. You change it with a special vote and file it with the ROC.
Company LawAudit
A systematic, independent examination of financial records, statements, and supporting documents to express an opinion on their truth and fairness.
Accounting & Audit