Purchase Consideration – Meaning & Methods

In case of amalgamation, purchase consideration is the agreed amount which transferee company (Purchasing company) pays to the transferor company (Vendor company) in exchange of the ownership of the transferor company. It may be in form of cash, shares or any other assets as agreed between both the companies. For example, XYZ Ltd is purchasing…


Income tax slab for Financial Year 2017 – 18

The below given income tax slab is applicable for financial year 2017 – 18 and assessment year 2018 – 19. Income tax slab for financial year 2017 -18 & assessment year 2018 – 19 (Amounts are in Indian rupees) For Men and Women: Rate Men Women Exemption limit Up to 2,50,000 Up to 2,50,000 5%…


Discounted Bills – Meaning

Discounted bills are bills (Bill of exchange or Promissory notes) sold by corporates to banks or credit institutions to raise fund. These bills are sold at discounted price than the par value. The discounted amount then credited to the seller’s account. At the date of maturity, bank collects the amount from customer on behalf of…


Most common mistakes of share market

Everyone starts investing in share market to earn profit but most of them end up with losing their money. Share market is a game of intellignce and risk. If a person is not able to measure the risk factor or not willing to take the risk then there is no place for that person in…


Difference between Fixed deposit and Recurring Deposit

Before getting started to the difference between fixed deposit and recurring deposit, it is wise to understand the meaning of both the terms. Fixed Deposit Fixed deposits (FD) are deposits with banks or some other financial institution for a predefined time period. An investor has to deposit a fixed amount of money (ranging from thousands…