Glossary Terms: L

Showing 10 terms starting with 'L'

Penalty charged for filing or payment after the due date.

Payment for unused leave days at the time of exit or year-end.

Book or system that records all financial transactions by account.

Document allowing export without payment of IGST under GST.

Legal right to retain property until a debt is settled.

Legal protection limiting owners’ personal responsibility for debts.

Business structure combining partnership flexibility with limited liability.

Contract setting terms and conditions of a loan.

Profits from sale of assets held beyond a specified period.

Certificate allowing tax deduction at a reduced rate.

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