Arvind Group Accountant Interview Questions and Answers

An accountant's role involves managing financial records, ensuring compliance, and providing insights for decision-making.

• Maintain accurate financial records, e.g., bookkeeping for small businesses.

• Prepare financial statements like balance sheets and income statements.

• Ensure compliance with tax regulations, e.g., filing annual tax returns.

• Analyze financial data to provide insights, e.g., budgeting and forecasting.

• Assis...read more

TDS (Tax Deducted at Source) is a tax collection mechanism where tax is deducted at the source of income.

• TDS is applicable on various payments like salaries, interest, rent, etc.

• For example, if an employee earns ₹50,000 monthly, TDS may be deducted based on applicable tax slabs.

• TDS rates vary for different types of payments; for instance, TDS on professional fees is generally 10%.

• TDS is deducted by the payer and deposi...read more

TDS stands for Tax Deducted at Source. It is a tax deducted by the payer at the time of making payment to the payee.

• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• It is applicable on various types of payments such as salary, interest, commission, rent, etc.

• The rate of TDS varies depending on the nature of payment and the provisions of the Income Tax Act.

• TDS certificates are issued...read more

TDS (Tax Deducted at Source) is a tax collection mechanism where tax is deducted at the source of income.

• TDS is applicable on various payments like salaries, interest, rent, etc.

• For example, if an employee earns $1,000, the employer may deduct $100 as TDS.

• The deducted amount is deposited with the government on behalf of the taxpayer.

• TDS rates vary based on the type of income and the applicable tax laws.

• Taxpayers can cl...read more