Malhar Fashion Finance Intern Interview Questions, Process, and Tips for Freshers

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