What Accounting & Audit terms are in the FinTax24 glossary?

There are currently 12 accounting & audit terms explained on the FinTax24 glossary. Browse the list below or use the search box on the glossary index to find a specific term.

Are these definitions reviewed by qualified professionals?

Yes. Every FinTax24 glossary term is drafted by experienced compliance professionals and reviewed against the latest statutory provisions (GST Act, Income Tax Act, Companies Act, etc.) before publication.

Can I request a new term in this category?

Yes — message our editorial team on WhatsApp with the term you would like added, and our team reviews submissions monthly. High-volume Indian tax, GST and corporate-compliance terms are prioritised.

Where can I find the source citations?

Each glossary page includes a "Sources & citations" section at the bottom linking to the relevant government portal (incometax.gov.in, cbic-gst.gov.in, mca.gov.in) for the underlying statute or rule.

Eligibility Checker

8 links available

Browse all Eligibility Checker

Tax & GST (4)

GST Registration Eligibility
ITR Form Applicability
GST Compliance Applicability
GST Return Filing

Business Setup (3)

FSSAI License Type Check
MSME Registration
Business Structure Picker

Finance (1)

Loan Eligibility

Calculators

Calculators — Updated AY 2025-26

11 links available

Browse all Calculators

GST & Business

GST Registration Eligibility Checker
GST Late Fee & Penalty Calculator
GST Composition Scheme Eligibility
GST Calculator
Reverse GST Calculator
Input Tax Credit (ITC) Calculator
GST Invoice Value Calculator
GST Penalty Calculator

Loan Tools

EMI Calculator

Tax Planning

HRA Calculator
Capital Gains Tax Calculator

Guides

Guides — Reviewed Sep 2026

9 links available

Browse all Guides

Business

Sole Proprietorship vs Partnership vs LLP vs Pvt Ltd vs OPC
Company Registration in India: Step-by-Step
LLC and LLP Registration Guide
Starting a Business in India: Complete Guide

Compliance

Annual Compliance Checklist for Companies
Audit Requirements and Process Guide
Financial Statement Preparation and Filing

Employment

Employee Benefits and Statutory Obligations
Employment Contracts: Best Practices

Glossary

4 links available

Browse all Glossary

Income Tax

Browse Income Tax

GST & Indirect Tax

Browse GST & Indirect Tax

Company Law

Browse Company Law

Corporate Law

Browse Corporate Law

Search Codes

Search Codes — 20,485 HSN · 680 SAC

5 links available

Browse all Search Codes

Code Directories (5)

HSN Code Search
SAC Code Search
NIC Code Search
Income Tax Business Code
Food Product Categories

Blog

50 links available

Browse all Blog

Latest Insights

TDS on Property Purchase: Section 194IA Rates, Threshold and Common Mistakes | FinTax24 Featured 19 Sept 2026
GST E-Invoicing: Threshold, IRN & Common Errors Featured 18 Sept 2026
TDS on Purchase of Goods: Section 194Q Threshold and Rules | FinTax24 17 Sept 2026
TCS on Foreign Remittance (Section 206C(1G)) | FinTax24 16 Sept 2026
How to Check TDS Credit in Form 26AS and AIS 14 Sept 2026

Business Registration (11)

Convert Proprietorship to a Company
DSC and DIN: Director Identification Basics
How to Register a Private Limited Company in India
OPC vs Pvt Ltd for Solo Founders
Partnership Deed: What to Include
Pvt Ltd vs LLP vs OPC
Shop & Establishment: State Basics
Sole Proprietorship vs Firm vs Company

Compliance & ROC (12)

Annual ROC Filing: AOC-4 and MGT-7
BEN-1 and BEN-2: Beneficial Ownership Compliance
Board Meetings: Quorum & Minutes
Books of Accounts: What the Law Requires
CSR Compliance under Section 135
DIR-12: Director Change & Filing
Director KYC (DIR-3 KYC): Penalty & Deadline
DSC Renewal & Director KYC Deadline

Finance & Compliance Tips (6)

Bookkeeping Basics: Cash vs Accrual
Cash Basis Bookkeeping Fails at ₹1 Crore Revenue
Cash-Flow Forecasting: Spreadsheet Template
Payroll: PF, ESI, PT & TDS
Read a P&L Statement Like a CFO
Tally vs Zoho Books vs QuickBooks

GST (18)

Annual Return GSTR-9: Practical Filing Checklist
Composition Scheme: Trap for Services
Composition vs Regular GST: Which to Choose
Do I Need GST Registration? A Practical Checklist for Small Businesses and Freelancers
E-Way Bill Rules: Threshold & Pitfalls
GST E-Invoicing: Threshold, IRN & Common Errors
GST Notice Response Playbook
GST Notices: Lawyer vs CA-Only

Income Tax (21)

Advance Tax on Other Income: How Salaried Employees with Freelance Work Must Pay
Advance Tax: Who Must Pay and How to Compute It
Capital Gains on Equity & Mutual Funds
House Property: Self-Occupied vs Let-Out
How to Check TDS Credit in Form 26AS and AIS
How to File a Revised Return under Section 139(5)
Income Tax Notice Response: Section 143(1), 148 & 245
Old vs New Tax Regime: FY 2024-25

Licences & Certifications (7)

FSSAI Registration vs License: Which?
FSSAI Renewal: Consequences of Expiry
How to Get an FSSAI License for a Restaurant
ISO 9001 Certification: Process, Cost, and Timeline
Professional Tax: State Rules and Registration
Trade Licence: Municipal vs State
Trademark: Cheapest Startup Insurance

Company

11 links available

Browse all Company

About Us

About FinTax24
Mission & Vision
Our Values
Why FinTax24

Our Story

Our Journey
Leadership
Infrastructure

Credentials

Certifications
Our Clients
Customer Reviews

Contact

Get in Touch

Careers

14 links available

Browse all Careers

Open Positions (5)

Senior Tax Consultant
GST Specialist
Article Assistant (CA)
Accounts Executive
Business Development Manager

Internships

Tax Expert Internship
Income Tax Specialist Internship
GST Specialist Internship
CA Articleship
B.Com Semester 6 Internship

Why FinTax24

Life at FinTax24
Culture & Values
Perks & Benefits
Growth & Learning

4.9 · 171 reviews WhatsApp

Registrations 6

Company Registration 6

Accounting & Bookkeeping 6

Product Certifications 6

Trademark & IP 4

ROC & Statutory Compliance 6

WhatsApp Now +91 7575 96 2424

Mon - Sat: 10 AM - 7 PM IST

Registrations

6 services available

Expert Verified

View all Registrations services

Verified within 24 hours

Company Reg.

6 services available

Expert Verified

Private Limited Company Registration Popular Annual Compliance for Pvt Ltd Popular LLP Registration Popular Limited Liability Partnership Registration One Person Company Registration Proprietorship to Private Limited Company

View all Company Reg. services

Verified within 24 hours

Accounting

6 services available

Expert Verified

Monthly Bookkeeping Popular Quarterly Bookkeeping Popular Annual Bookkeeping Popular Virtual Accounting Bookkeeping Payroll Accounting

View all Accounting services

Verified within 24 hours

GST

5 services available

Expert Verified

GST Registration Popular GST Return Filing Popular CMP-08 Filing Popular eCommerce Seller GST Return Filing ITC-04 Filing

View all GST services

Verified within 24 hours

Income Tax

6 services available

Expert Verified

Income Tax Return Filing Popular ITR Filing Popular ITR-U Updated Return Filing Popular ITR-1 SAHAJ Filing ITR for Salaried Individuals Income Tax e-Filing

View all Income Tax services

Verified within 24 hours

Licenses

6 services available

Expert Verified

MSME Registration Popular ICEGATE Registration Popular MSME Registration Renewal/Update Popular IEC Registration ESI Registration Trade License

View all Licenses services

Verified within 24 hours

All Services

Browse all services

147 services across 11 categories

Open catalog

Registrations 13 Company Reg. 11 Accounting 6 GST 5 Income Tax 30 Licenses 8 FSSAI 6 ISO 43 Product Certs 13 Trademark 4 ROC Compliance 8

Glossary · Accounting & Audit

Accounting & Audit

Name: FinTax24 LLP
Address: First Floor, 24 Square, Nr. Hotel Nandini, Bhavnagar Road, Palitana, Gujarat, 364270, IN
Telephone: +91 7575 96 2424
Price range: ₹₹
Rating: 4.9

Audit
Balance Sheet
Cash Flow Statement
Current Assets
Depreciation
EBITDA
Ind AS
Ind AS 115
Internal Audit
P&L Statement
Tax Audit
Working Capital

Home Glossary Category Accounting

10,000+ Clients · Since 2021 · Gujarat

ISO 27001
ISO 9001
MCA Recognized
Startup India

Quick links by intent

Start a Business

Pvt Ltd LLP GST Trademark Udyam

File Taxes

ITR Filing GST Return Tax Calculator

Stay Compliant

FSSAI ISO 9001 ROC Eligibility

Protect Brand

Trademark Copyright Patent

Get Help

Contact Guides Reviews Code Search

FinTax24 LLP

Affordable tax and compliance solutions powered by AI, verified by expert humans.

•ISO 27001 / 9001 / 22301 Certified
•MCA & Startup India Recognized
+91 7575 96 2424 · info@fintax24.in
First Floor, 24 Square, Nr. Hotel Nandini, Bhavnagar Road, Palitana 364270 · Mon - Sat: 10 AM - 7 PM IST

Services

All Services
Pricing & Bundles
Calculators
Income Tax E-Filing
GST Registration
Pvt Ltd Registration
FSSAI / Food Licence
Trademark Registration

Resources

HSN Code Search
SAC Code Search
NIC Code Search
Income Tax Codes
Food Product Codes
Glossary A-Z

Company

About Us
Our Mission
Why FinTax24
Our Journey
Leadership
Certifications
Our Clients
Infrastructure
Careers
Open Jobs
Internships

Support

Contact Us
FAQs
Order Status
Guides & Tutorials
Blog
Reviews
Eligibility Checker
Search Codes
Glossary

Legal

Terms & Conditions
Privacy Policy
Refund Policy
Cookie Policy
Disclaimer
Accessibility

Terms & Conditions
Privacy Policy
Refund Policy
Cookie Policy
Disclaimer
Accessibility

Pay:

UPI
Cards
Net Banking
EMI

Follow:

Sitemap · RSS · llms.txt · Reviews

Information is for general guidance only and does not constitute legal or financial advice.