FinTax24

Glossary

Terms Starting with "R"

9 terms found

RBI

Reserve Bank of India — the central bank of India, established under the RBI Act, 1934, responsible for regulating the issue and supply of the Indian…

Banking & Finance

Registration Fee

Registration Fee is what you pay to record a property deal. The state sets the rate on the deal value. It is often 1% of it. You also pay stamp duty.

Real Estate & RERA

Rental Yield

The annual rental income from a property as a percentage of its market value or acquisition cost, used to evaluate property investment returns.

Real Estate & RERA

RERA

Real Estate (Regulation and Development) Act, 2016 — a central law that regulates the real-estate sector and protects home-buyers' interests.

Real Estate & RERA

Reverse Charge

Reverse Charge means the buyer pays the GST, not the seller. It sits in Section 9(3) or 9(4) of the CGST Act. The government notifies the goods and services.

GST & Indirect Tax

Reverse Charge Mechanism

Reverse Charge Mechanism, or RCM, shifts GST from the seller to the buyer. You pay the tax if you buy such goods. The law names the goods and services.

GST & Indirect Tax

ROC

ROC is the Registrar of Companies. It works under the MCA. You send it your forms. It keeps the list of all the companies and LLPs you can see.

Corporate Law

ROC Filing

ROC Filing means the yearly forms a company sends to the ROC. The Companies Act, 2013 rules them. You must send them on time. LLPs and companies do this.

Company Law

RTGS

Real Time Gross Settlement — a payment system that settles fund transfers in real time, on a transaction-by-transaction basis, without netting.

Banking & Finance