P&L Statement
P&L Statement shows the money in and the money out for a year. The last line is your profit or loss. Banks and lenders ask for it when you take a loan.
Accounting & AuditPAN
A PAN is the 10-character code that the tax department gives you. Each person and firm in India has one. You need it for your ITR form and for your bank.
Income TaxPAN vs TAN
PAN vs TAN: both are 10-character numbers from the Income Tax Department. A PAN is for all who pay tax. A TAN is for those who hold back tax at source.
Income TaxPatent
An exclusive right granted for an invention, providing the owner the right to exclude others from making, using, selling, or importing the patented…
Intellectual PropertyPatent Infringement
The unauthorised making, using, selling, offering for sale, or importing of a patented invention in India, in violation of the patentee's exclusive…
Intellectual PropertyPCT
Patent Cooperation Treaty — an international patent filing treaty administered by WIPO that lets applicants seek patent protection in multiple…
Intellectual PropertyPremium
A Premium is the money you pay an insurer for cover. You pay it in one go, or in parts over the year. Miss a due date and your cover can stop.
InsurancePrivate Limited Company
A company that restricts the right to transfer its shares, limits the number of members to 200, and prohibits any invitation to the public to…
Corporate LawProfessional Tax
Professional Tax is a state tax on the money you earn from work. You pay it to the state and not to the Centre. Each state sets its own rate and limit.
Compliance & RegistrationsProfessional Tax Registration
State-level registration required of employers, professionals, and traders for deducting/depositing professional tax on salaries or business income.
Compliance & Registrations