Indiafilings Interview Questions and Answers for Experienced

Key sales etiquettes include professionalism, active listening, and building rapport to foster trust and successful relationships.

• Maintain professionalism: Dress appropriately and use formal language to convey respect.

• Practice active listening: Show genuine interest in the client's needs by summarizing their concerns.

• Build rapport: Find common ground with clients to create a comfortable atmosphere, such as discuss...read more

The entity is a financial institution focused on building and maintaining client relationships to enhance customer satisfaction.

• Offers personalized financial solutions tailored to individual client needs.

• Engages in regular communication to understand client goals and concerns.

• Provides expert advice on investment opportunities and risk management.

• Utilizes CRM tools to track client interactions and preferences.

• Build...read more

KYC involves verifying customer identity to prevent fraud and ensure compliance with regulations.

• Customer Identification: Collect government-issued ID (e.g., passport, driver's license).

• Address Verification: Obtain utility bills or bank statements showing the customer's address.

• Risk Assessment: Evaluate the customer's risk profile based on their financial activities.

• Ongoing Monitoring: Regularly update customer in...read more

TDS and GST returns have specific due dates for filing, crucial for compliance and avoiding penalties.

• TDS quarterly returns are due on the 15th of the month following the end of each quarter.

• For example, Q1 (April-June) TDS return is due by July 15.

• GST returns are generally due on the 20th of the month following the tax period.

• For instance, the GST return for September is due by October 20.

Journal entry for Salary Payable reflects unpaid salaries at month-end, impacting liabilities and expenses.

• Debit Salary Expense to recognize the cost of salaries for the period.

• Credit Salary Payable to record the liability for unpaid salaries.

• Example: If total salaries for March are $5,000, the entry would be: Debit Salary Expense $5,000, Credit Salary Payable $5,000.

• This entry increases expenses on the income sta...read more