Aakash Educational Services Account Assistant Interview Questions and Answers

Q1. About Yourself About Project About the Company What is bank Reconciliation Difference between Accounts Payable and Accounts Receivable Accounting Standards What is invoice. Give one example Accounting Cycl...read more
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Basic accounting questions
Basic journal entries and accounts

Q1. What is tds and how much percentage should be deducted?
Ans. 
TDS stands for Tax Deducted at Source. It is a tax collected by the government at the time of payment.
• TDS is a tax collected by the government at the time of payment.

• It is deducted from the income of the recipient.

• The percentage of TDS varies depending on the type of payment and the income of the recipient.

• For example, the TDS rate for salary income can range from 5% to 30% depending on the income slab.

• For rent payment...read more
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