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Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
Challan. Challan or Chalan is a common Hindi word (चालान, cālān) that has become an Indian English technical word used officially in many professional, especially financial transactions. It usually means an official form or receipt of acknowledgement or other kind of proof document, piece of paperwork, police citation, etc.
National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. [1] NEFT enables bank customers in India to transfer funds between any two NEFT ...
Donald Trump’s New York criminal trial is full of terms you don’t typically hear in a courtroom. Centering on allegations Trump falsified his company’s records to conceal the nature of hush ...
Ryan J. Reilly. Updated May 6, 2024 at 8:29 PM. WASHINGTON — Federal prosecutors are seeking more than 11 years in federal prison for convicted Jan. 6 defendant Brent Bozell IV, the son and ...
At the heart of the case is the alleged cover-up of a hush money payment Mr Trump's lawyer made to an adult film star before the 2016 election, but prosecutors have hinted for months at something ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific ...
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