Examples of Contingent Liability in a sentence
Contingent liability is a possible obligation that arises from past event, whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group.
Contingent liability risks are a function of unbudgeted bailouts: The extent to which government digs in its heels to curb additional expenditure on unstable SOEs will determine how successful it is in stabilising the debt ratio in the medium to long term.
However, in no event may the present value (in the year of re- ceipt of the loan) of the amounts cal- culated under the preceding sentence exceed the principal of the loan.(d) Contingent liability interest-free loans.
Sr.No.Financial Year Details of Penalties paid in respect of Income Tax Contingent liability related to Income Tax as on 31.03.2018 is Rs.18,886.97 Crores.