Edubridge Learning Interview Questions, Process, and Tips

GST stands for Goods and Services Tax. It is a comprehensive indirect tax levied on the supply of goods and services.

• GST is a single tax that replaced multiple indirect taxes in India.

• It was implemented on July 1, 2017, with the aim of simplifying the tax structure and promoting ease of doing business.

• GST is levied at every stage of the supply chain, from the manufacturer to the consumer.

• It is divided into Central GST ...read more

TDS stands for Tax Deducted at Source. It is a system in which tax is deducted from the income of an individual or entity at the time of payment.

• TDS is a method of collecting tax in India

• It is applicable to various types of payments such as salaries, interest, rent, etc.

• The person making the payment deducts a certain percentage of tax before making the payment

• The deducted tax is then deposited with the government on be...read more

Tax Deduct at source is a mechanism where a certain amount of tax is deducted from payments made to suppliers.

• Tax Deduct at source is also known as TDS (Tax Deducted at Source).

• It is a method of collecting tax at the source of income.

• The person making the payment is responsible for deducting the tax and remitting it to the government.

• TDS is applicable to various types of payments such as salaries, interest, rent, profe...read more

The golden rules of accounting are basic principles that guide the recording of financial transactions.

• The first golden rule is the Personal Account rule, which states that all personal accounts are debited for the receiver and credited for the giver.

• The second golden rule is the Real Account rule, which states that all real accounts are debited for what comes in and credited for what goes out.

• The third golden rule is ...read more

Financial inclusion refers to providing access to financial services to all sections of society. Types of mutual funds include equity, debt, hybrid, and solution-oriented funds.

• Financial inclusion aims to promote financial literacy and provide access to banking and other financial services to all sections of society.

• Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified ...read more