Terms Starting with "P"

10 terms found

P&L Statement

Statement of Profit and Loss — a financial statement summarising revenues, expenses, and profit or loss for a period.

Permanent Account Number — a ten-character alphanumeric identifier issued by the Income Tax Department to every taxpayer.

PAN is a universal tax identity for all taxpayers; TAN is specifically for entities deducting or collecting tax at source.

An exclusive right granted for an invention, providing the owner the right to exclude others from making, using, selling, or importing the patented…

The unauthorised making, using, selling, offering for sale, or importing of a patented invention in India, in violation of the patentee's exclusive…

Patent Cooperation Treaty — an international patent filing treaty administered by WIPO that lets applicants seek patent protection in multiple…

The amount paid by the policyholder to the insurance company, either as a lump sum or periodically, to keep the insurance cover active.

A company that restricts the right to transfer its shares, limits the number of members to 200, and prohibits any invitation to the public to…

A state-level tax on professionals, traders, and employees, levied under the State List (Entry 60) of the Constitution.

State-level registration required of employers, professionals, and traders for deducting/depositing professional tax on salaries or business income.