Imperfect Competition: Definition, Meaning and Types
Understanding Imperfect Competition Imperfect competition refers to a market structure where the conditions that are necessary for perfect…
Amalgamation: Meaning, Types, Advantages and Disadvantages
What is an Amalgamation? Amalgamation is the process where two or more companies combine to form a new…
What is Basel III?: Meaning, Principles, and Impact
Understanding Basel III Basel III is an internationally agreed regulatory framework developed by the Basel Committee on Banking…
Expenditure Method: Formula & Working
What is the Expenditure Method? Expenditure method is a method used for the calculation of Gross Domestic Product…
What is Minority Interest
Understanding Minority Interest Minority interest is a portion of the subsidiaries that is not owned by the parent…
Education Cess: Meaning, Calculation & Usage
Introduction to Educational Cess It refers to an additional tax imposed by the government on taxpayers in order…
Standard Deduction: Meaning, Definition, and Benefits for Taxpayers
What is Standard Deduction? Along with all the taxes imposed under the Income Tax Act, the provision also…
Exempt Income: Definition, Meaning, and Tax Exemptions
What is Exempt Income Exempt income refers to the income that is not subject to any tax by…
Financial Literacy: Meaning & Benefits
What is Financial Literacy? Financial literacy refers to the ability of understanding and applying various financial concepts and…
What is Book Building?: Definition, Process and Advantages
Understanding Book Building Book building is a process used by a company that appoints an underwriter (that is…