Tax & Financial Glossary

Clear definitions, regulatory updates, and expert guides to help you navigate India’s tax and financial landscape with confidence.

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Breakeven Point

Break-even point (BEP) is the level of sales at which a business's total revenue equals its total costs, meaning the business makes neither a profit nor a loss.

Amortization

Amortization is the process of gradually reducing a loan balance or systematically writing off the cost of an intangible asset over its useful life. Learn how it works with examples.

Indian Income Tax

Tax slabs, deductions, ITR forms, and filing process for Indian individuals — explained in plain English. Updated for AY 2026-27.

NRI Tax Compliance

Residential status, DTAA relief, Schedule FA, and TDS u/s 195 — the complete NRI tax compliance guide for India.

Tax Planning Strategies

Old vs new regime, 80C/80D/80CCD(1B), capital-gains harvesting, and HRA — proactive tax-saving strategies for India.

Tax Deductions US India

Section 80C, 80D, 80E, 80G, 24(b), and HRA deductions for Indian taxpayers. Plain-English explanations with examples.

Tax Audit Preparation

How to prepare for a 143(1), 139(9), or 143(2) scrutiny in India. Document checklist and response templates.

Forfeited Shares

Learn what forfeited shares are, why companies forfeit shares, a practical example, and key clauses governing share forfeiture in company law.

Grantor Trust

A trust where the creator remains responsible for income taxes despite transferring assets. Learn how it works and why it's used.

Compounded Annual Growth Rate (CAGR)

CAGR is the annualized growth rate that takes place over a period, assuming growth occurred at a constant compounded rate. Learn more with examples.

EBIT and EBITDA

EBIT measures operating profit after asset costs; EBITDA excludes D&A. Learn the key differences, uses, advantages, limitations, and more.

Drawdown

Drawdown is the percentage decline in an asset from its peak to its subsequent trough before recovery begins. Learn more with examples.

Liquidation

Liquidation is the process of closing a company by selling its assets to repay debts. Learn the reasons and legal grounds in the ReviseTax Glossary.

Sunk Cost

Learn the meaning of sunk cost, the sunk cost fallacy, and why money already spent should not influence future business or investment decisions.

PEG Ratio

PEG Ratio compares a company’s P/E ratio with its earnings growth rate. Learn the formula, a worked example, and typical industry ranges.

Institutional Investor

Institutional investors pool and invest money for individuals and institutions, with the scale to impact stock prices and market trends. Learn more.

Tax Deducted at Source (TDS)

Tax Deducted at Source (TDS) is tax withheld before certain payments are made and paid to the government. Learn how TDS works and why rates differ.

Quick Ratio

Quick Ratio measures a company’s ability to pay short-term liabilities from its most liquid assets. Learn the formula with a worked example.

Operating Leverage

Operating leverage measures how changes in sales affect operating profit because of fixed costs. Learn the meaning, a worked example, and DOL.

Movable Property

Movable property refers to assets that can be moved from one place to another. Learn its meaning, examples, tax implications, and more with Revise Tax Glossary.

Nostro Account

A Nostro account is a bank account held in a foreign currency with another bank overseas. Learn its meaning, uses, and benefits with Revise Tax Glossary.

Rights Issue

A Rights Issue lets a company raise capital by offering discounted shares to existing shareholders. Learn how it works, your options, and the rules.

Karta (HUF in India)

A Karta is the head of a Hindu Undivided Family (HUF) who manages its legal, financial, and tax affairs. Learn more in the Revise Tax Glossary.

Jumbo Loan

A jumbo loan is a residential mortgage that exceeds conforming loan limits. Learn how it works, who qualifies, and what it is typically used for.

Haircut

A haircut is the cut in an asset’s value when pledged as collateral, or the debt a creditor gives up in a restructuring. Learn how each works.

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Amortization

Amortization is the process of gradually reducing a loan balance or systematically writing off the cost of an intangible asset over its useful life. Learn how it works with examples.