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Another example of use of "challan" is as a traffic ticket issued by the traffic police for a violation of traffic rules by a driver. When a traffic challan is issued against a person's name he or she is responsible to pay the penalty depending on the type of violation made as per the Indian Motor Vehicles Act, 1988. [11]
An invoice, bill, tab, or bill of costs is a commercial document that includes an itemized list of goods or services furnished by a seller to a buyer relating to a sale transaction, that usually specifies the price and terms of sale., quantities, and agreed-upon prices and terms of sale for products or services the seller had provided the buyer.
The receipt, voucher or challan number of the tax paid to the government should be filled in correctly; Employees should be issued the duly completed Form 16 well in time to file their tax returns with the Income Tax Department; Of the employee related to Form 16
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.
The acronym 'RTGS' stands for Real-time gross settlement. The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis.
In India, Section 420 of the Indian Penal Code (before its repeal by introduction of the Bharatiya Nyaya Sanhita) dealt with Cheating and dishonestly inducing delivery of property. The maximum punishment was seven years imprisonment and a fine. [1] Section 420 is now Section 318 of the Bharatiya Nyaya Sanhita.
A deposit slip or a pay-in-slip is a form supplied by a bank for a depositor to fill out, designed to document in categories the items included in the deposit transaction when physically depositing at a bank.
Webvan placed a $1 billion order with Bechtel to build its warehouses, and bought a fleet of delivery trucks. [10] In 2000, Webvan bought HomeGrocer, a competitor that was also losing money, for $1.2 billion in stock. [11] [12] At its peak in 2000, Webvan had $178.5 million in sales but it also had $525.4 million in expenses. [1]