Page 7 - Union Budget, 2022
P. 7

Union Budget, 2022


                    Act               Income Tax Act, 1961
                    AC                Additional Commissioner
                    AD                Additional Director
                    AE                Advance Estimates
                    AMT               Alternate Minimum Tax
                    AO                Assessing Officer
                    AY                Assessment Year
                    BE                Budget Estimate
                    CBDT              Central Board of Direct Taxes
                    CCIT              Chief Commissioner of Income Tax
                    CG                Central Government
                    CIRP              Corporate Insolvency Resolution Process
                    CIT               Commissioner of Income Tax
                    CIT(A)            CIT (Appeals)
                    CPI               Consumer Price Index
                    DDT               Dividend Distribution Tax
                    DGIT              Director General of Income Tax
                    DRP               Dispute Resolution Professional
                    DTAA              Double Taxation Avoidance Agreement
                    EMI               Equated Monthly Instalment
                    ESIC              Employees’ State Insurance Corporation
                    FDI               Foreign Direct Investment
                    FMV               Fair Market Value
                    FY                Financial Year
                    GDP               Gross Domestic Product
                    GIFT City         Gujarat International Finance Tec City
                    GST               Goods and Services Tax
                    HC                High Court
                    IFSC              International Financial Services Centre
                    ITAT              Income Tax Appellate Tribunal
                    JC                Joint Commissioner
                    JD                Joint Director
                    NBFC              Non-Banking Financial Company
                    NDTL              Net Demand and Time Liabilities
                    NES               National Economic Survey
                    NFAC              National Faceless Assessment Centre
                    OBU               Offshore Banking Unit
                    PCIT              Principal Commissioner of Income Tax
                    PCCIT             Principal Chief Commissioner of Income Tax
                    PE                Provisional Estimates
                    PF                Provident Fund
                    PMI               Purchasing Managers Index
                    Pr. DGIT          Principal Director General of Income Tax
                    PY                Previous Year
                    RBI               Reserve Bank of India
                    RE                Revised Estimates
                    RFAC              Regional Faceless Assessment Centre
                    ROI               Return of Income
                    SC                Supreme Court
                    SCB               Scheduled Commercial Banks
                    SEBI              Securities and Exchange Board of India
                    SLP               Special Leave Petition
                    TAN               Tax deduction and collection Account Number
                    TCS               Tax Collected at Source
                    TDS               Tax Deducted at Source
                    TPO               Transfer Pricing Officer
   2   3   4   5   6   7   8   9   10   11   12