EC-Mobility Intern Interview Questions and Answers

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Q1. Dont remember the ques
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Q1. They are asked basic accounts related questions
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Q2. What Do you mean By Advance Tax?
Ans. 
Advance tax is a system of paying tax in advance based on estimated income for the year.
• Advance tax is a method of paying a portion of your taxes before the end of the financial year.

• It is applicable to individuals, self-employed professionals, and businesses with tax liabilities above a certain threshold.

• The purpose of advance tax is to ensure regular inflow of taxes to the government and prevent tax evasion.

• Failure t...read more
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Q3. Is Withholding tax and TDS are same
Ans. 
No, withholding tax and TDS are not the same.
• Withholding tax is a broader term that includes TDS (Tax Deducted at Source) as one of its components.

• TDS is a specific type of withholding tax where tax is deducted at the source of income.

• Withholding tax can also include other types of taxes withheld by a payer before paying the income to the recipient.

• For example, TDS is a form of withholding tax applied to income from in
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Q1. My Tax team asked me few questions related to Accounts,any why you want to doing your internship from here
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