Senior Accounts Assistant

Senior Accounts Assistant Interview Questions and Answers

Updated 28 Mar 2024

Q1. what do you know about 194Q TDS?

Ans.

194Q TDS is a provision under the Income Tax Act where TDS is deducted on payment made to resident contractors and professionals.

  • 194Q TDS applies to individuals and HUFs who are not required to get their accounts audited.

  • TDS is deducted at the rate of 1% on payment exceeding Rs. 50 lakhs in a financial year.

  • The deductor is required to obtain the Tax Deduction and Collection Account Number (TAN) and file TDS returns.

  • Non-compliance with 194Q TDS provisions can attract penalties...read more

Q2. tell me the asset laibilty details

Ans.

Asset liability details refer to the financial obligations and resources of a company.

  • Assets are the resources owned by a company, such as cash, inventory, and property.

  • Liabilities are the financial obligations of a company, such as loans, accounts payable, and salaries payable.

  • The balance sheet is used to report the asset and liability details of a company.

  • The difference between assets and liabilities is known as equity or net worth.

Are these interview questions helpful?
Interview Tips & Stories
Ace your next interview with expert advice and inspiring stories

Calculate your in-hand salary

Confused about how your in-hand salary is calculated? Enter your annual salary (CTC) and get your in-hand salary

Senior Accounts Assistant Interview Questions
Share an Interview
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter