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I applied via Company Website and was interviewed in Sep 2023. There were 3 interview rounds.
Sec 43(b) of income tax deals with deduction of expenses related to business or profession.
Sec 43(b) allows deduction of certain expenses incurred for business or profession.
These expenses must be revenue in nature and not capital in nature.
Examples of such expenses include rent, salaries, repairs, etc.
The deduction is allowed in the year in which the expenses are actually incurred.
Tax audit limit for individual and partnership firm is Rs. 50 lakhs and Rs. 1 crore respectively.
Tax audit limit for individuals is Rs. 50 lakhs of turnover or gross receipts in a financial year.
Tax audit limit for partnership firms is Rs. 1 crore of turnover or gross receipts in a financial year.
If the turnover or gross receipts exceed the specified limit, tax audit is mandatory.
Tax audit helps in ensuring the accurac...
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posted on 16 Feb 2022
Analytical procedures are techniques used by auditors to evaluate financial information by analyzing relationships among financial and non-financial data.
Analyzing relationships among financial and non-financial data
Used by auditors to evaluate financial information
Helps in identifying potential misstatements or fraud
Examples include trend analysis, ratio analysis, and variance analysis
Ind As 16
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I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.
Round 1 was a technical assignment which includes aptitude test, accounting test and excel test
Mutual funds are managed by professionals who invest pooled funds in a diversified portfolio of securities, while hedge funds are more actively managed and use a variety of strategies to achieve high returns.
Mutual funds are regulated by the SEC and have restrictions on trading practices, while hedge funds have more flexibility and are only available to accredited investors.
Mutual funds are typically more suitable for ...
Bonds and shares are types of securities issued by companies to raise capital. Corporate actions refer to events that impact shareholders.
Types of bonds include government bonds, corporate bonds, and municipal bonds.
Types of shares include common shares and preferred shares.
Corporate actions include dividends, stock splits, mergers, acquisitions, and rights issues.
Topic Discussion on Artificial intelligence
Preparation of ledger to balance sheet
I applied via Naukri.com
Frist tets is basic questions of accounting. Basic journal entry of purchase with TDS and professional fees provided and TDS entries were asked in written test consisting 10 ques.
posted on 22 Jun 2024
I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.
It's online test will get link in email.we need to complete it with specific time
Online assessment.need to complete it in 12 mins
I applied via Walk-in and was interviewed in Jan 2024. There was 1 interview round.
I applied via Recruitment Consulltant and was interviewed in Jan 2023. There was 1 interview round.
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