Assistant Manager Accounts & Taxation Interview Questions and Answers

Answering questions related to accounting treatment for loan, GST forms due dates and TDS sections.

• Loan received is recorded as liability and repayment with interest is recorded as expense

• GST forms due dates vary depending on the type of form and the turnover of the business

• Input reconciliation involves matching the input tax credit claimed with the actual tax paid

• TDS sections specify the rate at which tax is to be deducted and the type of payment to which it applies

The due dates for direct and indirect taxation compliances vary depending on the specific tax and jurisdiction.

• Direct taxation compliances include filing income tax returns, advance tax payments, and tax audit reports.

• The due date for filing income tax returns for individuals is usually July 31st of the assessment year.

• For companies, the due date for filing income tax returns is typically September 30th of the assessment year.

• Advance tax payments are required to be made in in...read more

MIS Financials can be prepared by gathering and analyzing financial data to create reports that provide insights into business performance.

• Identify the key financial data to be included in the report

• Gather the data from various sources such as accounting software, bank statements, and invoices

• Organize the data into a format that is easy to understand and analyze

• Create charts and graphs to visually represent the data

• Analyze the data to identify trends and areas for improvement...read more