Liabilities that may be incurred by an entity depending on the outcome of a uncertain future events such as court case, income tax disputes, sales tax disputes etc.. These liabilities are not recorded in company accounts and shown in the balance sheet.
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Pigovian tax & Discount house
Pigouvian tax: It is a tax levied on any market activities that generates negative externalities. This tax objective is to correct an inef...
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Retained earnings Retained earnings are part of company's net income which is left after paying out dividends to shareholders. It use...
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The Government of India has announced four year "National Monetization Pipeline (NMP) policy to generate Rs.6 lakhs crore revenue for...
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SAST Regulations Securities and Exchange Board of India (SEBI) introduced Substantial Acquisition of Shares and Takeovers Regulations to ...
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