Integrated Goods and Services Tax — levied by the central government on interstate supply of goods and services and on imports. The revenue is shared between the central and destination state government. IGST eliminates the earlier complexities of CST for interstate trade.
A real-time
One of the five heads of income under the Income Tax Act. Includes rental income from letting out a property and notional rent on a second property. The annual value after deducting municipal taxes and a standard deduction of 30% gives the taxable income under this head.
The annual form filed with the Income Tax Department to declare income earned
A passively managed mutual fund that replicates the composition and weightage of a market index like Nifty 50 or Sensex. Offers low-cost
A method of adjusting the purchase cost of an asset for inflation using the Cost Inflation Index notified by the government. Indexation increases the effective purchase price
A volatility index computed by the NSE that measures the market's expectation of near-term volatility based on Nifty options order book data
The process by which a private company offers its shares to the public for the first time to raise capital. Investors can apply for IPO shares through their demat account via ASBA or UPI during the subscription window.
An office of a business that receives invoices for input services used across multiple branches with the same PAN and distributes the eligible input tax credit to those branches through a prescribed document. Helps centralise procurement while allocating credit fairly across units.
The mechanism under GST that allows a registered business to reduce the GST it has already paid on purchases (inputs) from the GST it owes on sales (outputs). ITC prevents the cascading effect of tax on tax and is a cornerstone of the GST system.
The buying or selling of a listed company's securities by someone with access to unpublished price-sensitive information
Buying and selling shares within the same trading day
The process of reconciling the outward supply details reported by a supplier in GSTR-1 with the inward supply details claimed by the recipient in GSTR-2B. Mismatches can result in denial of input tax credit for the recipient