Tax paid in instalments during the financial year itself rather than entirely at year-end. Applicable when your estimated total tax liability exceeds ₹10
The payment form used to deposit advance tax with the government
The total value of all taxable supplies
A measure of a mutual fund's performance relative to its benchmark index. Positive alpha means the fund has outperformed the benchmark; negative alpha means it has underperformed. A fund with an alpha of 2 has delivered 2% more return than its benchmark after adjusting for risk.
A comprehensive statement issued by the Income Tax Department showing all financial transactions reported against your PAN during a financial year — including salary
A provision under GST that mandates businesses to pass on the benefit of reduced tax rates or increased input tax credit to consumers through lower prices. The National Anti-Profiteering Authority was set up to investigate complaints
The simultaneous buying and selling of the same or equivalent asset in different markets to profit from price differences. In Indian markets
The year immediately following the financial year in which income is earned
A SEBI-registered entity that pools money from investors and manages mutual fund schemes. Examples include HDFC AMC
The total market value of all investments a mutual fund or AMC manages on behalf of its investors. AUM is reported monthly by AMFI and reflects both fresh inflows and the appreciation or depreciation of underlying assets. A rising AUM signals investor confidence but doesn't guarantee superior returns.