Income Tax Glossary India - A to Z Terms Explained | FileBob.in

Income Tax Glossary

Annual Information System (AIS)

Annual Information Statement (AIS) is a statement that provides complete information about a taxpayer for a particular financial year. It contains information about the taxpayer's incomes, financial transactions, tax details, income-tax proceedings, etc.

For example, the AIS may show your salary income, bank interest, property details, and any tax paid during the year, all in one document, helping you verify your tax details easily.

All Terms (A–Z)

Advance Ruling
Advance Tax
Agriculture Income
Alternate Minimum Tax (AMT)
Alternate Minimum Tax (AMT) Credit
Annual Information System (AIS)
Appeal
Arm's Length Price
Assessee
Assessee-in-default
Assessing Officer
Assessment
Assessment Year
Belated Return
Best Judgement Assessment
Board
Books of Accounts
Capital Asset
Capital Gains
Carry Forward of Losses
Compounding of Offences
Cost Inflation Index
DSC
Deductee
Deduction
Deductor
Deemed Assessee
Dividend
Double Taxation Avoidance Agreement (DTAA)
EVC
Eligible Startup
Exemption
Fees for Technical Services
Financial Year
Foreign Tax Credit
Form 16
Form 26AS
House Property Income
ITR-V
Income Escaping Assessment or Reassessment
Income Tax
Income Tax Appellate Tribunal
Income Tax Return (ITR)
Interest
International Transaction
Keyman Insurance Policy
Legal Representative
Liable to Tax
Long-term Capital Asset
Maximum Marginal Rate (MMR)
Minimum Alternate Tax (MAT)
Minimum Alternate Tax (MAT) Credit
Misreporting of Income
Non-Resident
Notice u/s 131(1A)
Notice u/s 139(9)
Notice u/s 142(1)
Notice u/s 143(1)
Notice u/s 143(2)
Notice u/s 144
Notice u/s 147
Notice u/s 148
Notice u/s 148A
Notice u/s 153A
Notice u/s 153C
Notice u/s 154
Notice u/s 156 (Demand Notice)
Notice u/s 245
Notice u/s 92CA
Other Sources Income
PAN
Penalty
Permanent Account Number (PAN)
Perquisite
Person
Prescribed
Previous Year
Profits in lieu of salary
Prosecution
Rebate
Rectification
Refund
Relative
Resident
Return of income
Revised Return
Salary Income
Scrutiny Assessment
Section 44AD
Section 44ADA
Section 44AE
Section 80C
Section 80D
Self-Assessment Tax
Self-assessment tax
Senior Citizen
Set off of Losses
Short-term Capital Asset
Short-term Capital Gains
Show Cause Notice
Significant Economic Presence
Speculative Transaction
Statement of Financial Transaction (SFT)
Summary Assessment
Super Senior Citizen
TAN (Tax Deduction and Collection Account Number)
TDS
TDS Certificates
TDS Return
Tax Audit
Tax Collected at Source (TCS)
Tax Deducted at Source (TDS)
Tax Deduction and Collection Account Number (TAN)
Total Income
Transfer Pricing
Under reporting of income
Unit Linked Insurance Plan (ULIP)
Updated Return
Virtual Digital Assets (VDA)
Disclaimer: We have taken great care and conducted research to prepare this glossary with the aim of helping users better understand various income tax terms. However, tax laws and interpretations may change over time. This content is for general informational purposes only and should not be treated as legal or professional advice. For specific queries, please consult a qualified tax expert or refer to official government resources.

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