Bajo Foods Finance Executive Interview Questions and Answers

TDS stands for Tax Deducted at Source, which is a system where tax is deducted by the payer at the time of making payment.

• TDS is deducted by the payer at the time of making certain payments like salary, rent, commission, etc.

• The deducted TDS amount is then deposited with the government on behalf of the payee.

• TDS rates vary based on the type of payment and the payee's PAN details.

• TDS ensures a regular inflow of taxes to...read more

GSTR 2B is a monthly auto-drafted input tax credit statement generated for taxpayers.

• GSTR 2B is generated for every registered person on the basis of the details furnished by their suppliers in their GSTR-1, GSTR-5, and GSTR-6.

• It helps taxpayers in reconciling their input tax credit claims and ensures that they do not miss out on any eligible credits.

• GSTR 2B also provides information on the auto-drafted ITC available f...read more