Sri Sattva Group Interview Questions and Answers

Tds & gst journal entries and due dates were asked

Q1. Salary expectations
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Q2. Work experience
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Q3. If the location is comfortable or not
Ans. 
Yes, the location is comfortable with spacious workstations and natural lighting.
• Spacious workstations provide ample room to work comfortably

• Natural lighting creates a pleasant work environment

• Accessible amenities such as restrooms, kitchen, and parking contribute to comfort
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Q1. Due dates of tds & gst
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TDS due date is 7th of the following month, GST due date is 20th of the following month.
• TDS payment due date is 7th of the following month after deduction.

• GST payment due date is 20th of the following month for regular taxpayers.

• For taxpayers with turnover exceeding Rs. 5 crore, GST due date is 20th of the next month for GSTR-3B and 24th for GSTR-1.

• Late payment of TDS attracts interest at 1.5% per month or part thereof...read more
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Q2. Journal entries
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Q3. Excel related questions
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Q1. What is accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Involves recording financial transactions

• Summarizing financial data in financial statements

• Analyzing financial information to make business decisions

• Reporting financial results to stakeholders

• Examples include balance sheets, income statements, and cash flow statements
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Q2. What is indirect tax
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Indirect tax is a tax collected by an intermediary (such as a retailer) from the person who ultimately bears the economic burden of the tax.
• Indirect taxes are not directly paid by the consumer to the government.

• They are imposed on goods and services, and the burden is passed on to the final consumer.

• Examples include sales tax, value-added tax (VAT), excise duty, and customs duty.
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Q3. What is capital gain
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Capital gain is the profit that results from a sale of a capital asset, such as stocks, bonds, or real estate.
• Capital gain is the difference between the purchase price and the selling price of an asset.

• It is considered a taxable event by the IRS.

• Long-term capital gains are taxed at a lower rate than short-term capital gains.

• Examples of capital assets include stocks, bonds, real estate, and precious metals.
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Q4. Slab reates of income tax
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Income tax slab rates are the different levels of income at which different tax rates apply.
• Income up to Rs. 2.5 lakh is exempt from tax

• Income between Rs. 2.5 lakh to Rs. 5 lakh is taxed at 5%

• Income between Rs. 5 lakh to Rs. 10 lakh is taxed at 20%

• Income above Rs. 10 lakh is taxed at 30%
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Q5. Induction to ur self
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I am a detail-oriented and organized individual with a strong background in accounting and finance.
• Bachelor's degree in Accounting

• 2+ years of experience in accounts payable and receivable

• Proficient in using accounting software such as QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and interpersonal skills
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Q1. Ask every thing about me and my profession
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Q1. IT person taken interview
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Q1. About my self, my profession, job role and i can able or not as this infrastructure
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Q1. What is the expected salary?
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The HR shared a topic and asked to submit it in 3 days.

Q1. What are your hobbies?
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Q1. Prepaid expenses entry
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Q2. Basic accounting question
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Q1. Statutory compliance and Industrial Relations
Ans. Combined annual returns Last date Jan 15 every year
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Q2. PF & ESI -ECR filing last date ?
Ans. 
PF & ESI - ECR filing last date is typically the 15th of every month.
• PF & ESI - ECR filing is usually done by the 15th of each month

• Employers need to ensure timely submission to avoid penalties

• Late filing can lead to fines and legal consequences
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Q3. What is the minimum percentage of Bonus?
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Q1. Why you are left the previous company?
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Q2. Training plan for ISO Audit?
Ans. 
Develop a comprehensive training plan covering all aspects of ISO audit requirements.
• Identify specific ISO standards relevant to the organization

• Assess current knowledge and skills of employees

• Design training modules to address gaps in understanding

• Include practical exercises and case studies for hands-on learning

• Schedule regular training sessions to ensure continuous improvement

• Evaluate training effectiveness through
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