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Windfall gain (or windfall profit) is an unexpected gain in income from an unforeseen source/event. Windfall gains may take place due to sudden steep rise in prices of a commodity or extreme shortage of a resource, asset or product. For an individual, windfall gain could be a sudden spike in income due to one-time events like inheritance of property, money gained on selling property when its prices increase dramatically, etc. Windfall gain may also refer to gains from winning a lottery, betting income etc. A windfall tax is a one-off tax imposed by a government on a company on such windfall gains, which is over and above the normal rates of tax.
According to Section 36(2) of the Code on Wages, 2019, what happens if there is no available surplus for a particular accounting year?
As per the General Insurance Business (Nationalisation) Act, how is the total amount paid by the Central Government under Section 11 treated?
Many key changes have been brought to IPC through the Bharatiya Nyaya Sanhita, 2023. Considering the same which of the following has been removed by the...
What is the aim of Public International Law?
A. promotion of friendly relations among the member states
B. providing for basic humanitaria...
A confession made under Sec. 164 of Cr.P.C can be recorded by a Magistrate during the course of :
As per the Insurance Act the Authority may prepare the scheme of Amalgamation of the insurer with any other insurer if it is satisfied that ____________...
Which of the following is not a principle of Natural Justice?
If a police officer arrested and detained a person in the lockup despite producing the bail order from the Court, police officer is guilty of:
Which of the following is true about interest of unborn in transfer of property?
Privity of Contract means :