Indiafilings Interview Questions and Answers

Q1. What is the difference between sigmoid and softmax activation function?
Ans. 
Sigmoid is used for binary classification while softmax is used for multi-class classification.
• Sigmoid function outputs values between 0 and 1, suitable for binary classification tasks.

• Softmax function outputs a probability distribution over multiple classes, summing up to 1.

• Sigmoid is used in the output layer for binary classification, while softmax is used for multi-class classification.

• Softmax is the generalization ...read more
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Q2. What is an activation function ?
Ans. 
An activation function is a mathematical function that determines the output of a neural network.
• Activation functions introduce non-linearity to the neural network, allowing it to learn complex patterns in the data.

• Common activation functions include sigmoid, tanh, ReLU, and softmax.

• The choice of activation function can impact the performance and training speed of the neural network.
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Q1. Self intro Experience
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Q1. What is the journal entry for Salary Payable at the end of March, and what are its effects?
Ans. 
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 statemen...read more
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Q2. What are the due dates for filing TDS quarterly returns and GST returns?
Ans. 
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.
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Q3. How do you explain compliance requirements to clients?
Ans. 
I simplify compliance requirements by using clear language, examples, and tailored explanations to ensure client understanding.
• Use plain language: Avoid jargon and technical terms that may confuse clients.

• Provide examples: Illustrate compliance requirements with real-life scenarios, such as tax filing deadlines.

• Tailor explanations: Customize the discussion based on the client's industry, like healthcare regulations for...read more
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Q4. What are the different types of Tax Deducted at Source (TDS) sections, and can you explain their functions?
Ans. 
TDS sections categorize various payments subject to tax withholding, ensuring tax compliance and revenue collection.
• Section 192: TDS on salary payments. Example: Employer deducts TDS from employee's salary based on applicable tax slab.

• Section 194A: TDS on interest other than securities. Example: Banks deduct TDS on interest earned on fixed deposits.

• Section 194C: TDS on payments to contractors. Example: A company deduct...read more
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Q1. Self introduction General experience
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Q2. Experience General discussion
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