CohnReznick Tax Analyst Interview Questions and Answers

Basic accounting problems and concepts with simple logical reasoning questions.

Q1. If the clients annual income is Rs. 1400000 what is their tax liability?
Ans. 
Tax liability for a client with an annual income of Rs. 1400000.
• Calculate the tax liability based on the income tax slabs applicable in the country.

• Consider any deductions or exemptions that the client may be eligible for.

• Consult a tax professional or use an online tax calculator for accurate results.
Answered by AI
Add your answer

45 min verbal reasoning

Everything
Logical reasoning, attention to details, problem solving

Q1. All the basis accounts, the principles, journal entry, basic terms, difference, classification etc
Add your answer

Q1. About your family background, about your life, childhood, any challenge and on what yiu say in the interview
Add your answer

Q1. Why you want to join ey
Ans. 
I want to join EY because of their reputation for providing excellent tax services and opportunities for professional growth.
• EY is known for its expertise in tax services, which aligns with my career goals

• I am impressed by EY's commitment to employee development and training programs

• I believe that working at EY will provide me with the opportunity to work on challenging and diverse tax projects

• I am attracted to EY's gl...read more
Answered by AI
Add your answer
Q2. Tell me about your short term and long term goals
Ans. 
My short term goal is to gain experience and knowledge in tax analysis. My long term goal is to become a senior tax analyst and eventually a tax manager.
• Short term goal: Gain experience and knowledge in tax analysis

• Long term goal: Become a senior tax analyst and eventually a tax manager
Answered by AI
Add your answer

Q1. Tell me about urself
Ans. 
I am a detail-oriented tax analyst with a strong background in accounting and tax law.
• I have a Bachelor's degree in Accounting and have completed courses in tax law.

• I have experience preparing tax returns and conducting tax research.

• I am proficient in using tax software such as TurboTax and QuickBooks.

• I have excellent analytical skills and attention to detail.

• I am a team player and have strong communication skills.
Answered by AI
Add your answer
Q2. What you know about uk tax
Ans. 
UK tax system is based on self-assessment, with various taxes including income tax, capital gains tax, and value added tax (VAT).
• UK tax system is based on self-assessment, where individuals and businesses are responsible for reporting their own income and calculating their tax liability.

• Income tax is the main form of taxation in the UK, with rates varying depending on income levels.

• Capital gains tax is levied on the pr...read more
Answered by AI
Add your answer

Q1. What is 194c section
Ans. 
Section 194C of the Income Tax Act deals with tax deduction at source on payments made to contractors/sub-contractors for carrying out work.
• Section 194C applies to payments made to contractors/sub-contractors for carrying out any work (including advertising, broadcasting, etc.)

• Tax deduction at source (TDS) is required to be made by the person making the payment if the payment exceeds a specified limit.

• The TDS rate unde...read more
Answered by AI
Add your answer