Singhi & Co. CA Articleship Interview Questions and Answers

I am a dedicated and hardworking individual with a strong passion for finance and accounting.

• I have completed my Bachelor's degree in Commerce with a specialization in Accounting.

• I have also completed various courses in finance and taxation.

• I have practical experience in handling financial statements and conducting audits.

• I am proficient in using accounting software such as QuickBooks and Excel.

• I have excellent analyti...read more

Short term capital gains on equity shares are taxable.

• Short term capital gains on equity shares are taxed at a rate of 15%.

• Short term capital gains are gains made on the sale of equity shares held for less than 1 year.

• The gains are added to the individual's total income and taxed accordingly.

• However, if the individual has incurred short term capital losses, they can be set off against the gains.

• If the losses exceed the...read more

The new tax regime under Budget is an optional tax system with lower tax rates but without exemptions and deductions.

• The new tax regime was introduced in the Budget 2020.

• It offers lower tax rates but without exemptions and deductions.

• Taxpayers can choose between the old and new tax regimes every year.

• The new tax regime is beneficial for taxpayers who do not claim many deductions and exemptions.

• The old tax regime is ben...read more

DDT rate is arrived at by applying a flat rate of 15% on the dividend declared by the company.

• DDT stands for Dividend Distribution Tax

• It is a tax levied on the dividend paid by a company to its shareholders

• The rate of DDT is fixed at 15% by the government

• The DDT is deducted by the company before distributing the dividend to its shareholders

• The DDT is paid by the company and not by the shareholders

Supply chain consulting involves optimizing and improving the flow of goods and services from suppliers to customers.

• Supply chain consulting focuses on analyzing and improving the efficiency of the supply chain process.

• It involves identifying bottlenecks, reducing costs, and enhancing customer satisfaction.

• Consultants may suggest strategies for inventory management, transportation, and distribution.

• They may also recomm...read more