Malhar Fashion Interview Questions, Process, and Tips

Reconciliation is the process of comparing two sets of records to ensure they are in agreement and resolving any discrepancies.

• Reconciliation involves matching transactions or balances between different accounts or systems.

• It helps identify errors, fraud, or missing transactions.

• Examples include bank reconciliation, where you compare your bank statement with your own records to ensure they match.

• Another example is inve...read more

TDS stands for Tax Deducted at Source. It is a tax deduction made at the time of payment.

• TDS is deducted by the payer and deposited with the government on behalf of the payee.

• The rate of TDS varies depending on the type of payment and the nature of the transaction.

• TDS can be calculated by applying the applicable TDS rate on the total payment amount.

• For example, if the TDS rate is 10% and the payment amount is $1,000, t

Examples of TDS calculation

• TDS on salary can be calculated by considering the income tax slab rates applicable to the individual

• TDS on interest income can be calculated by applying the specified TDS rate on the interest earned

• TDS on rent can be calculated by applying the TDS rate on the total rent amount paid

• TDS on professional fees can be calculated by applying the TDS rate on the total fees paid

The golden rule is a moral principle that states one should treat others as one would like others to treat oneself.

• Treat others the way you want to be treated

• It emphasizes empathy and compassion towards others

• Found in various religions and philosophies

• Example: If you want people to be honest with you, you should also be honest with them

Reconciliation is the act of restoring friendly relations between individuals or groups.

• Reconciliation involves acknowledging past wrongs and working towards forgiveness and understanding.

• It often requires open communication, empathy, and a willingness to compromise.

• Examples include conflict resolution between countries, peace talks between warring factions, and mediation in interpersonal relationships.