The settlement cycle in Indian stock markets where trades executed today are settled the next working day. Funds and securities are exchanged between buyer and seller on T+1. India moved from T+2 to T+1 settlement for equity markets in 2023
A mandatory audit of a taxpayer's accounts by a chartered accountant under Section 44AB of the Income Tax Act. Required for businesses with turnover above ₹1 crore and professionals with gross receipts above ₹50 lakh. The CA issues a report in Form 3CA or 3CB along with Form 3CD.
Tax collected by the seller from the buyer at the time of sale of specified goods or services
Tax collected by the payer at the time of making certain payments — salary
A strategy of selling investments that are currently at a loss to offset capital gains made during the same financial year
The amount returned to a taxpayer by the Income Tax Department when the total tax paid — through TDS
A classification determining whether an individual is taxed as a Resident
A mutual fund that invests across sectors based on a common investment theme such as ESG
The point at which GST becomes payable
The difference between an index fund's or ETF's returns and the returns of the benchmark index it tracks. A lower tracking error indicates the fund is replicating the index more accurately. Caused by factors like cash holdings