Tax on investments, side income and foreign assets interview questions

Warm-up questions

Short questions with short answers, each answered in full.

1. Fresher

   How is interest on a fixed deposit taxed, and does the bank's TDS settle it?

   Answered in the lesson Tax on interest, dividends and capital gains

2. Fresher

   Why can a short-term gain on shares be taxed when total income is under ₹12 lakh?

   Answered in the lesson Tax on interest, dividends and capital gains

3. Fresher

   What is presumptive taxation for a professional, and who may use it?

   Answered in the lesson Freelance and side income: tax and GST basics

4. Fresher

   When must a freelancer register for GST?

   Answered in the lesson Freelance and side income: tax and GST basics

5. Fresher

   When is an RSU taxed in India, and on what value?

   Answered in the lesson ESOPs, RSUs and foreign assets

6. Fresher

   Why must a salaried person with a few foreign shares file ITR-2 rather than ITR-1?

   Answered in the lesson ESOPs, RSUs and foreign assets