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BDO India LLP Tax Associate Interview Questions and Answers

Updated 1 Sep 2024

BDO India LLP Tax Associate Interview Experiences

1 interview found

Interview experience
3
Average
Difficulty level
Hard
Process Duration
2-4 weeks
Result
Not Selected

I applied via Recruitment Consulltant and was interviewed in Aug 2024. There were 3 interview rounds.

Round 1 - Technical 

(3 Questions)

  • Q1. What is Passive foreign Investment company
  • Ans. 

    Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.

    • PFIC status can have significant tax implications for U.S. taxpayers.

    • Taxpayers must report PFIC investments on Form 8621.

    • PFIC rules are complex and may require specialized tax advice.

    • Examples of PFICs include certain foreign mutual funds and holding co

  • Answered by AI
  • Q2. What is Form 5471
  • Ans. 

    Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.

    • Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations

    • Provides information on the foreign corporation's financial activities and ownership structure

    • Helps the IRS prevent tax evasion through controlled foreign corporations

    • Different filing requirements based ...

  • Answered by AI
  • Q3. Questions on Form 1040
Round 2 - Technical 

(2 Questions)

  • Q1. Questions on form 1040
  • Q2. Questions on what type of structure in tax would I select to work in BDO
Round 3 - Technical 

(3 Questions)

  • Q1. Questions on form 1040 & everything was covered
  • Q2. Questions on Form 5471
  • Q3. Questions on form 962

Interview Preparation Tips

Interview preparation tips for other job seekers - You have to be very thorough of every Tax Concept. We can't predict from which areas they will ask a question.
Partner round is very brutal for me.

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Walk-in and was interviewed in Oct 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Slept introduction
  • Q2. What is direct tax
  • Ans. 

    Direct tax is a tax imposed directly on individuals or organizations by the government.

    • Direct tax is paid directly by the taxpayer to the government.

    • It is based on the income or profits of the taxpayer.

    • Examples include income tax, corporate tax, and property tax.

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Basic accounting

I applied via Company Website and was interviewed in Sep 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Why did you choose. CohnReznick
  • Q2. Why the change in career?

Interview Preparation Tips

Interview preparation tips for other job seekers - Video interview - recorded answers to questions. Then two, personal 1-on-1 virtual interviews.

Tax Associate Interview Questions & Answers

Ryan user image tprabhavathi srinivasarao sharma

posted on 5 Nov 2024

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
-
Round 1 - Aptitude Test 

What is Tax, How many types of Taxes are there

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Aptitude Test 

It was quite easy. You've to have good grip in basic Accounting & Costing concepts. Also there was some reasoning & basic English comprehension test as well.

Round 3 - One-on-one 

(3 Questions)

  • Q1. They will try to know if your foundation in all the commerce subjects are good or not. May be they can ask few questions regarding MS Excel.
  • Q2. Why do you want to join US Taxation?
  • Q3. What is Vlookup & Hlookup.
  • Ans. 

    Vlookup & Hlookup are Excel functions used to search for a value in a table and return a corresponding value.

    • Vlookup searches for a value in the first column of a table and returns a value in the same row from a specified column.

    • Hlookup searches for a value in the first row of a table and returns a value in the same column from a specified row.

    • Both functions are commonly used in Excel for data analysis and manipulation...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Qunatitave aaptitude test

Round 2 - Technical 

(1 Question)

  • Q1. Tax fundamentals
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed before Oct 2023. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. What is accumulated depreciation
  • Ans. 

    Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset since it was acquired.

    • Accumulated depreciation is a contra asset account, meaning it has a credit balance.

    • It represents the total depreciation expense recognized on an asset over its useful life.

    • Accumulated depreciation is used to reduce the carrying amount of an asset on the balance sheet.

    • For example, if a company ...

  • Answered by AI
  • Q2. What is contingent Asset and Contingent Liability
  • Ans. 

    Contingent assets and liabilities are potential assets and liabilities that may arise in the future based on certain events.

    • Contingent Asset: potential assets that may arise in the future if certain events occur, such as a pending lawsuit or a potential tax refund.

    • Contingent Liability: potential liabilities that may arise in the future if certain events occur, such as a pending lawsuit or a warranty claim.

    • Contingent as...

  • Answered by AI
Round 2 - Technical 

(2 Questions)

  • Q1. Journal entries
  • Q2. Accounting concepts and examples
  • Ans. 

    Accounting concepts are fundamental principles that guide the preparation and presentation of financial statements.

    • Accrual accounting vs. cash accounting

    • Matching principle

    • Conservatism principle

    • Revenue recognition principle

    • Historical cost principle

    • Materiality principle

  • Answered by AI

Tax Associate Interview Questions & Answers

Ryan user image Kamuni Sai kumar

posted on 29 Mar 2023

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Mar 2023. There were 6 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

Basics of accounting and finance

Round 3 - Telephonic Call 

(2 Questions)

  • Q1. Self introduction and basics of accounting and regarding resume.
  • Q2. What motivates you? How do rate yourself in excel? How do you want to contribute to the company? Why tax? Why finance? Why Ryan?
  • Ans. 

    I am motivated by the opportunity to learn and grow, excel in using Excel, and contribute to the company's success.

    • I am motivated by the opportunity to learn and grow both personally and professionally.

    • I have a strong proficiency in using Excel and can efficiently handle complex spreadsheets.

    • I am dedicated to contributing to the company's success by utilizing my skills and knowledge in tax and finance.

    • I am passionate a...

  • Answered by AI
Round 4 - Technical 

(1 Question)

  • Q1. This is the first in person interview round where they ll ask each and everything about the resume . And they ll also ask technical questions related to finance domain as well as taxation. Communication an...
Round 5 - Operational round 

(1 Question)

  • Q1. This round ll be held by the manager or operational director of the company related to the different processes your applying for. This round is will go on for 30-40 mins and little bit tough though.commu...
Round 6 - HR 

(1 Question)

  • Q1. This is the final round of interview where the HR recruiter ll ask situational based question and tricky questions as well. And moreover every round is elimination round , people who are looking to begin t...

Interview Preparation Tips

Interview preparation tips for other job seekers - Communication skills matter a lot, and brush up with the accounting,taxation and technical skills which ll help to crack a job
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Dec 2023. There were 2 interview rounds.

Round 1 - Aptitude Test 

Prepare well for aptitude for assesment

Round 2 - Group Discussion 

Communication skills

Interview Preparation Tips

Interview preparation tips for other job seekers - communication and basic knowledge on tax

BDO India LLP Interview FAQs

How many rounds are there in BDO India LLP Tax Associate interview?
BDO India LLP interview process usually has 3 rounds. The most common rounds in the BDO India LLP interview process are Technical.
How to prepare for BDO India LLP Tax Associate interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at BDO India LLP. The most common topics and skills that interviewers at BDO India LLP expect are Branch Merchandising, Client interaction, Editing, GL and Negotiation Skills.
What are the top questions asked in BDO India LLP Tax Associate interview?

Some of the top questions asked at the BDO India LLP Tax Associate interview -

  1. What is Passive foreign Investment comp...read more
  2. What is Form 5...read more
  3. Questions on what type of structure in tax would I select to work in ...read more

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BDO India LLP Tax Associate Interview Process

based on 1 interview

Interview experience

3
  
Average
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BDO India LLP Tax Associate Salary
based on 5 salaries
₹3.5 L/yr - ₹10.2 L/yr
11% more than the average Tax Associate Salary in India
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BDO India LLP Tax Associate Reviews and Ratings

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3.0/5

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4.0

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3.0

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3.0

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3.0

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3.0

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3.0

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