Terms Starting with "I"

14 terms found

IEC

Importer Exporter Code — a 10-digit code issued by the Directorate General of Foreign Trade (DGFT) to any person or firm engaged in import or export…

Indian Financial System Code — an 11-character alphanumeric code that uniquely identifies a bank branch for electronic fund transfers in India.

Integrated Goods and Services Tax — levied by the central government on inter-state supply of goods and services and on imports.

Immediate Payment Service — a real-time inter-bank electronic fund transfer service available 24x7, including holidays.

Direct tax levied on the income of individuals, HUFs, firms, companies, and other entities under the Income Tax Act, 1961.

Indian Accounting Standards — the accounting standards converged with IFRS and notified by the Ministry of Corporate Affairs for preparation of…

The Indian Accounting Standard on Revenue from Contracts with Customers, providing a 5-step model for recognising revenue.

A non-executive director of a company who has no material relationship with the company and is not part of the promoter group, as defined under…

An independent, objective assurance and consulting activity designed to add value and improve an organisation's operations.

Insurance Regulatory and Development Authority of India — the apex body that regulates the insurance industry in India under the IRDA Act, 1999.

The unique hash identifier for an e-invoice returned by the Invoice Registration Portal.

International Organization for Standardization — an independent, non-governmental international body that develops voluntary consensus standards for…

Input Tax Credit — the GST paid on inputs and input services that a taxpayer can claim as a credit against his output GST liability.

Income Tax Return — the prescribed form in which a taxpayer reports total income, deductions, and tax payable to the Income Tax Department.