Question
Which type of damages is intended to punish the
defendant for their conduct and deter similar conduct in the future?Solution
Exemplary damages are awarded to punish the defendant for particularly egregious conduct and to deter others from engaging in similar behavior.
When is revenue from construction contract recognised under Ind AS when outcome cannot be estimated reliably?
Opening Stock          ₹ 17,000
Purchases              ₹ 61,400
Direct Expenses  �...
What is the limit amount for deduction in respect of Medical/Health Insurance Premium under Section 80D of the Income Tax Act, 1961?
What method is used to calculate the Sensex and Nifty indices in India?
Every supplier shall be liable to be registered under Central Goods & Services Act, 2017 in the State or Union Territory, other than special category St...
A company has Net Profit before tax = ₹15,00,000. Depreciation charged = ₹2,00,000. Loss on sale of machinery = ₹50,000. Increase in Debtors = ₹...
Which of the following categories of inventory are generally reported by companies in their financial statements?
According to Payment of Bonus Act 1965, what is the minimum bonus in case of an adult payable?
The UTGST Act, 2017 is applicable to Union-Territories except:
Which form is used for preparing the Profit and Loss Account of an General insurance company under the IRDA Regulations, 2002?