Air Liquide Interview Questions, Process, and Tips

Section 194Q is a TDS provision on payment made to resident for purchase of goods

• Section 194Q mandates deduction of TDS at 0.1% on purchase of goods exceeding Rs. 50 lakhs in a financial year

• It applies to buyers whose turnover exceeds Rs. 10 crores in the preceding financial year

• The TDS deducted under section 194Q needs to be deposited with the government and a TDS certificate must be issued to the seller

• It is applicab

Section 194Q under income tax act mandates TDS at 0.1% on taxable value for buyers with turnover over 5 Cr, while sellers must charge TCS at 0.1%.

• Section 194Q of the income tax act requires buyers with turnover exceeding 5 Cr to deduct TDS at 0.1% on taxable value.

• If the turnover of the buyer is not more than 5 Cr, the seller has to charge TCS at 0.1% over the payable value.

• TDS and TCS rates are both set at 0.1% under ...read more

Goods and services covered under RCM include specified categories like transportation services, insurance services, and goods purchased from unregistered dealers.

• Transportation services

• Insurance services

• Goods purchased from unregistered dealers

Accrued income is recorded as a revenue on the income statement even though the cash has not been received yet.

• Accrued income is recognized when it is earned, regardless of when it is received.

• To book accrued income, debit the accrued income account and credit the revenue account.

• Example: If a company provides services in December but does not receive payment until January, the accrued income for December would be reco

Accrued income is recorded as a debit in the balance sheet under current assets to reflect revenue earned but not yet received.

• Accrued income represents revenue that has been earned but not yet received.

• Debiting accrued income in the balance sheet under current assets increases the company's assets and reflects the amount of revenue that is owed.

• This adjusting journal entry ensures that the company's financial statemen...read more

Input GST on goods can be claimed by ensuring proper documentation and compliance with GST regulations.

• Ensure that the goods are eligible for GST input credit

• Maintain proper invoices and receipts for the goods purchased

• File GST returns accurately to claim input credit

• Follow GST regulations and guidelines for claiming input credit

Experienced Senior Principal Engineer with expertise in software development and project management.

• Over 10 years of experience in software engineering

• Strong background in project management and team leadership

• Proficient in various programming languages such as Java, Python, and C++

• Extensive experience in designing and implementing complex systems

• Proven track record of delivering high-quality software solutions on time

I handle my tasks by prioritizing, planning, delegating when necessary, and staying organized.

• Prioritize tasks based on deadlines and importance

• Create a detailed plan or schedule to stay on track

• Delegate tasks to team members when appropriate

• Use tools like to-do lists or project management software to stay organized

Equipment placement in a module involves considering space constraints, functionality, and safety. Piping is done based on equipment layout and process requirements.

• Consider space constraints and equipment functionality when placing equipment in a module

• Ensure proper clearance for maintenance and operation

• Follow process requirements and safety regulations when designing piping layout

• Use piping software or tools to opti...read more

Seeking new challenges and opportunities for growth

• Desire for new challenges and opportunities

• Looking for career advancement

• Seeking a more innovative and dynamic work environment

I have over 10 years of experience in the field of piping engineering, with a focus on modularisation projects.

• Worked on various modularisation projects for oil and gas industry

• Managed piping design and layout for modular units

• Collaborated with multidisciplinary teams to ensure project success

• Implemented cost-effective solutions for piping systems

• Led a team of piping engineers to deliver projects on time and within bud

My current CTC is $100,000 and my expected CTC is $120,000.

• Current CTC: $100,000

• Expected CTC: $120,000

Oil and gas costing details involve analyzing expenses related to exploration, production, and transportation of oil and gas.

• Analyze costs associated with drilling, equipment, labor, and transportation

• Monitor expenses for maintenance, repairs, and upgrades of oil and gas facilities

• Calculate overhead costs and allocate them to specific projects

• Review contracts with suppliers and vendors to ensure cost-effectiveness

• Utili...read more