Silica Infotech Accountant Interview Questions, Process, and Tips

TDS rate for AMC of computers is 10%.

• TDS stands for Tax Deducted at Source.

• The rate of TDS for AMC of computers is 10%.

• This means that if the AMC cost is Rs. 10,000, then Rs. 1,000 will be deducted as TDS.

• The TDS amount deducted needs to be deposited with the government within a specified time period.

TDS for sub-contractors is a tax deduction at source on payments made to sub-contractors for work done.

• TDS is deducted at a specified rate on the payment made to sub-contractors

• The sub-contractor needs to provide their PAN details to the contractor

• The contractor needs to file TDS returns and issue TDS certificates to the sub-contractor

• The current TDS rate for sub-contractors is 1% if the PAN is available, else 20%

• TDS f...read more

Capital in balance sheet refers to the owner's equity or the amount of money invested by the owners in the business.

• Capital is the amount of money invested by the owners in the business

• It is also known as owner's equity

• It represents the residual interest in the assets of the business after deducting liabilities

• Capital can be increased by investments made by the owners or by retaining profits

• Examples of capital include ...read more

Working capital is the difference between current assets and current liabilities.

• Working capital is the amount of money a company has available to fund its day-to-day operations.

• It is calculated by subtracting current liabilities from current assets.

• Positive working capital means a company has enough funds to cover its short-term obligations.

• Negative working capital means a company may struggle to meet its short-term o...read more