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Non-eligible Input Tax Credit (ITC) in GST return should be treated as an addition to the output tax liability.
Non-eligible ITC should not be claimed while filing GST returns.
It should be added to the output tax liability in the return.
Examples of non-eligible ITC include ITC on personal expenses, entertainment expenses, etc.
The TDS rate on contractor bills is typically 1% for individual contractors and 2% for contractors who have not provided their PAN details.
TDS rate on contractor bills is usually 1% for individual contractors
TDS rate on contractor bills is 2% for contractors who have not provided their PAN details
TDS needs to be deducted at the time of payment to the contractor
Yes, brick and sand purchases are eligible for Input Tax Credit (ITC) under GST.
Brick and sand purchases are considered as inputs for construction activities, which are eligible for ITC.
ITC can be claimed on the GST paid for brick and sand purchases while filing GST returns.
Ensure proper documentation and compliance with GST rules to claim ITC on brick and sand purchases.
Rent paid is an expense and the entry in Profit and Loss account would be a debit to Rent Expense and a credit to Bank/Cash account.
Rent paid is considered an expense in accounting.
The entry in Profit and Loss account would be a debit to Rent Expense account.
The corresponding credit entry would be made to Bank/Cash account.
This entry reduces the profit of the business as it is an expense incurred.
Depreciation on land cannot be calculated as land is considered to have an indefinite useful life.
Land is not a depreciable asset as it is considered to have an indefinite useful life
Depreciation is typically calculated on assets that have a limited useful life, such as buildings or machinery
Land does not wear out or become obsolete like other assets, so it is not subject to depreciation
To reduce cost of production, focus on optimizing processes, reducing waste, negotiating with suppliers, and implementing cost-saving technologies.
Optimize production processes to increase efficiency and reduce waste
Negotiate with suppliers for better pricing on raw materials
Implement cost-saving technologies such as automation or energy-efficient equipment
Regularly review and analyze expenses to identify areas for cos...
I was interviewed before Sep 2016.
I applied via Recruitment Consultant and was interviewed before Sep 2018. There were 4 interview rounds.
I was interviewed in Jul 2017.
I am a software engineer with experience in developing and maintaining software applications.
I have a strong background in programming languages such as Java, C++, and Python.
I have worked on various projects, including developing web applications and implementing software solutions.
I am skilled in problem-solving and debugging, ensuring efficient and effective software development.
I have experience in collaborating wi...
I learned valuable teamwork and problem-solving skills during my summer internship.
Developed strong collaboration skills by working with a team of software engineers to complete projects
Gained experience in troubleshooting and debugging software issues
Learned to effectively communicate and present technical concepts to both technical and non-technical stakeholders
Improved problem-solving abilities by identifying and re...
Java is an object-oriented language while C is a procedural language.
Java is platform-independent while C is platform-dependent.
Java has automatic garbage collection while C requires manual memory management.
Java has built-in support for multithreading while C requires external libraries.
Java has a larger standard library compared to C.
Java is more secure than C due to its strong type checking and exception handling.
C ...
Pointers are variables that store memory addresses of other variables in programming languages.
Pointers allow direct access and manipulation of memory locations.
They are commonly used in programming languages like C and C++.
Pointers can be used to pass variables by reference, allowing modifications to the original value.
They can also be used to dynamically allocate memory.
Example: int* ptr; // declares a pointer to an
In 5 years, I see myself as a senior software engineer leading a team of developers.
Leading a team of developers
Working on complex projects
Continuing to learn and grow in my role
Contributing to the success of the company
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Interview experience
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Junior Quality Executive
3
salaries
| ₹0 L/yr - ₹0 L/yr |
Accenture
Infosys
Amazon
Capgemini