IIGM Interview Questions, Process, and Tips

GST, TDS, and PT are key components of India's tax system, impacting businesses and individuals in various ways.

• GST (Goods and Services Tax) is a comprehensive indirect tax on the supply of goods and services.

• Example: A product sold for ₹100 will have GST added, making the total ₹118 if the GST rate is 18%.

• TDS (Tax Deducted at Source) is a means of collecting income tax in India, where tax is deducted at the source of ...read more

Understanding tax return due dates and the filing process is crucial for compliance and financial planning.

• Tax returns for individuals in the U.S. are typically due on April 15 each year.

• Extensions can be filed to push the due date to October 15, but taxes owed are still due by April 15.

• Businesses often have different due dates; for example, corporations may file by March 15.

• The tax return process involves gathering fi...read more