Deloitte Tax Consultant Interview Questions, Process, and Tips

General questions like write an essay fill in the blanks

Q1. Difference between Intrastat and EUSL
Ans. 
Intrastat is a system for collecting statistics on the trade of goods between EU member states, while EUSL is a simplified version of Intrastat for small businesses.
• Intrastat is mandatory for businesses that exceed a certain threshold of intra-EU trade, while EUSL is optional for smaller businesses.

• Intrastat requires detailed reporting of goods traded, including value, quantity, and country of origin/destination, while...read more
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Q2. Due date of filing a return(particular country)
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The due date for filing a tax return varies by country and can depend on the type of taxpayer and filing method.
• Due date for individual taxpayers in the US is typically April 15th, unless extended.

• Corporate tax returns in the UK are due 12 months after the end of the accounting period.

• Some countries have different due dates for electronic vs. paper filings.

• Late filing may result in penalties or interest charges.
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Q3. Can we report negative values in ESPL
Ans. 
Yes, negative values can be reported in ESPL.
• Negative values can be reported in ESPL for expenses, losses, or deductions.

• Make sure to follow the specific guidelines and formatting requirements for reporting negative values in ESPL.

• Examples of negative values that can be reported in ESPL include -1000 for expenses or -500 for losses.
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The aptitude test was divided into two parts - Versant test and CoCubes round which consisted of subjects such as logical reasoning, ms-excel and basic financial accounting.

Q1. Tell me something about yourself.
Ans. 
I am a tax consultant with 5 years of experience in providing tax planning and compliance services to clients.
• I have a Bachelor's degree in Accounting and a CPA certification.

• I have worked with a diverse range of clients, including individuals, small businesses, and multinational corporations.

• I am well-versed in tax laws and regulations, and stay updated with the latest changes in tax codes.

• I have successfully helped c...read more
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Q1. What is ratio analysis
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Ratio analysis is a method of analyzing financial statements by comparing different financial ratios.
• Ratio analysis involves calculating and comparing financial ratios such as liquidity ratios, profitability ratios, and solvency ratios.

• It helps in evaluating a company's financial performance and identifying areas of improvement.

• For example, a high debt-to-equity ratio may indicate that a company is relying too much on ...read more
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Q2. What is the difference between accounting and audit
Ans. 
Accounting is the process of recording financial transactions, while audit is the examination of financial statements.
• Accounting involves the recording, classifying, and summarizing of financial transactions.

• Audit involves the examination of financial statements to ensure they are accurate and comply with accounting standards.

• Accounting is done on a regular basis, while audit is done periodically.

• Accounting is done by ...read more
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Q3. What do you know about US Taxation
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US Taxation refers to the system of laws and regulations governing the collection of taxes in the United States.
• US Taxation is administered by the Internal Revenue Service (IRS).

• It includes various types of taxes such as income tax, corporate tax, estate tax, and sales tax.

• The tax rates and brackets are determined by the federal government and may vary based on income levels.

• Taxpayers are required to file tax returns a...read more
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Q1. Basic accounting and Hr questions
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Q1. Includes deep accouting knowledge questions
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Online assessments on English, excel, accounts

Q1. Questions from your resume (skills). Real life experiences where you have used these skills.
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Q2. How good are you at email writing
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Q3. Situation based questions (how will you handle deadlines, escalations, delays or any problems).
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Q1. This was the English speaking test, conducted online through a web based program.
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The aptitude test is known as CoCub. AIn which they will ask about logical reasoning, basics of accounting, quantative aptitude, verbal communication, and many more apti topics.

Q1. In HR round they will ask you about your introduction... 1. Tell me something about your self. 2. What was your internship title if you had done internship. 3.your hobbies. 4. Why Deloitte. 5. Any thing fr...read more
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Q1. In technical round they will test your technical knowledge. Some basics of accounting questions.. Journel entries, depreciation, ebitda, ratios , and they will ask about strength and weaknesses.
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Q1. In final round they will ask some technical, hr and situation based questions.
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Quants, logical reasoning, english, versant test,

Q1. Tell me about yourself
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