Khimji Kunverji & Co. Article Assistant Interview Questions and Answers

Grandfather concept in capital gain refers to the original cost of an asset inherited from a deceased relative.

• Grandfather concept is used to determine the cost of an asset inherited from a deceased relative for the purpose of calculating capital gains tax.

• The cost of the asset is considered to be the original cost paid by the deceased relative, rather than the current market value.

• This can result in significant tax sa...read more

Amendments in company law refer to changes made in the legal framework governing companies.

• The Companies Act, 2013 was amended in 2020 to decriminalize minor offences and promote ease of doing business.

• The Companies (Amendment) Bill, 2020 was introduced to further amend the Companies Act, 2013.

• Amendments may also be made to other laws affecting companies, such as the Insolvency and Bankruptcy Code.

• Amendments aim to imp...read more

Excel has various types of functions to perform calculations and manipulate data.

• Mathematical functions like SUM, AVERAGE, MAX, MIN, etc.

• Text functions like CONCATENATE, LEFT, RIGHT, etc.

• Logical functions like IF, AND, OR, etc.

• Date and time functions like TODAY, NOW, YEAR, MONTH, etc.

• Lookup and reference functions like VLOOKUP, HLOOKUP, INDEX, MATCH, etc.

• Financial functions like PV, FV, NPV, etc.

• Statistical functions l...read more

Idea software is a project management tool used to plan, track, and manage tasks and resources.

• Idea software helps in creating project plans and timelines

• It allows tracking of project progress and resource allocation

• It provides collaboration tools for team members to communicate and share files

• Examples of idea software include Trello, Asana, and Microsoft Project