A Business Encyclopedia

Tax Planning

Definition: Tax Planning can be understood as the activity undertaken by the assessee to reduce the tax liability by making optimum use of all permissible allowances, deductions, concessions, exemptions, rebates, exclusions and so forth, available under the statute. Put simply, it is an arrangement of an assessee’s business or financial dealings, in such a way…

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Definition: E-governance, expands to electronic governance, is the integration of Information and Communication Technology (ICT) in all the processes, with the aim of enhancing government ability to address the needs of the general public. The basic purpose of e-governance is to simplify processes for all, i.e. government, citizens, businesses, etc. at National, State and local…

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Graduate Aptitude Test in Engineering (GATE)

Definition: GATE stands for Graduate Aptitude Test in Engineering, is an entrance exam conducted by the Indian Institute of Science (IISC) along with seven Indian Institutes of Technology (IIT) to test the comprehensive understanding of the subjects taught at the graduation level pertaining to the engineering and the science field. The Gate score helps the…

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