AJVA FinTech Interview Questions and Answers

I am a results-driven Senior Accounts Executive with over 7 years of experience in managing client relationships and driving revenue growth.

• Client Relationship Management: I have successfully managed key accounts, such as XYZ Corp, increasing their annual spend by 30% through tailored solutions.

• Sales Strategy Development: Developed and implemented sales strategies that led to a 25% increase in new client acquisitions i...read more

My hobbies include reading, hiking, and cooking, which help me relax, stay active, and explore my creativity.

• Reading: I enjoy diving into various genres, especially historical fiction and business books, which broaden my perspective and knowledge.

• Hiking: I love exploring nature trails on weekends, which keeps me physically active and allows me to appreciate the outdoors.

• Cooking: Experimenting with new recipes and cuisi...read more

The type of form advised would depend on the specific tax requirements and circumstances of the client.

• Consider the tax implications and benefits of each form

• Evaluate the client's business structure and goals

• Assess the legal and financial implications of each form

• Consult with tax professionals or experts for guidance

• Examples: A company form may be suitable for a large-scale business with complex tax obligations, while ...read more

No, you cannot claim 105% in GSTR 3B.

• GSTR 3B is a monthly return filed by registered taxpayers in India.

• The return allows taxpayers to claim input tax credit (ITC) on eligible purchases.

• The maximum ITC that can be claimed is limited to the amount reflected in the supplier's invoice.

• Claiming 105% in GSTR 3B is not allowed as it exceeds the actual invoice value.

• Any excess ITC claimed may lead to penalties or scrutiny by ...read more

The new amendments in sch 3 relate to the format of financial statements and disclosures.

• The amendments require entities to present their financial statements in a specific format.

• There are new disclosure requirements for entities that are not-for-profit.

• The amendments also clarify the requirements for the presentation of cash flow statements.

• Entities are required to disclose the nature and amount of expenses recognize...read more

194Q is a new TDS provision introduced in Budget 2021 for TDS on purchase of goods.

• 194Q applies to buyers who have made a total purchase of more than Rs. 50 lakhs in the previous financial year.

• TDS at the rate of 0.1% is to be deducted on the amount exceeding Rs. 50 lakhs.

• It is applicable from 1st July 2021.

• It does not apply to individuals and HUF who are not liable to tax audit.

• It is applicable to both resident and no...read more