FinTax24

Glossary

Terms Starting with "L"

4 terms found

Labour Welfare Fund

A state-level fund that provides financial assistance and welfare benefits to workers in specified industries, funded by contributions from employers…

HR, Payroll & Labour Law

LLP

Limited Liability Partnership — a hybrid entity combining the benefits of a company (limited liability) and a partnership (flexible governance),…

Corporate Law

LRS

Liberalised Remittance Scheme — a RBI scheme allowing resident individuals to remit up to USD 2,50,000 per financial year for permitted current and…

FEMA & International Tax

LTCG

LTCG is the capital gain on an asset you sell after the full holding period. The period is set for each type of asset. You pay tax on the gain you made.

Income Tax