EY Global Delivery Services ( EY GDS) Senior 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.
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Q1. Basic accounting
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Excel test for knowledge of excels

Q1. Where do you see yourself in 5 year
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Basics of accounting and finance

Q1. Self introduction and basics of accounting and regarding resume.
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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...read more
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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...read more
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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...read more
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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...read more
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Q1. Tell me about yourself
Ans. 
I am an experienced Advanced Analyst with a strong background in data analysis and problem-solving.
• Experienced Advanced Analyst

• Strong background in data analysis

• Skilled in problem-solving

• Proficient in using analytical tools and software

• Ability to interpret complex data and provide actionable insights
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Q2. Asked on Practical experience of Articleship
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Q3. Audit Materiality
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Q4. When will you make provision for bad debts
Ans. 
Provision for bad debts is made when there is a likelihood of non-payment by customers.
• Provision for bad debts is made based on the company's credit policy and past experience with customers.

• It is important to regularly review and adjust the provision for bad debts to reflect changes in the company's customer base and economic conditions.

• Examples of bad debts include customers who have declared bankruptcy or are consis...read more
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Q5. How did you lead your juniors for audit of particular company as a Team Lead.(This question asked because I told in my articleship I had an experience leading a team of 4 juniors for an audit of a company)
Ans. 
I led my team of 4 juniors for an audit by assigning tasks, providing guidance, and ensuring quality work.
• Assigned specific tasks to each junior based on their strengths and expertise.

• Provided clear instructions and guidelines for the audit process.

• Conducted regular team meetings to discuss progress, address challenges, and provide feedback.

• Reviewed the work of each junior to ensure accuracy and adherence to audit stan...read more
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Q1. How much experience ?
Ans. 
I have 5 years of experience in taxation, including both corporate and individual tax preparation.
• I have 5 years of experience in taxation

• I am well-versed in both corporate and individual tax preparation

• I have successfully handled complex tax issues and audits

• I stay updated with the latest tax laws and regulations

• I have experience in tax planning and strategy development
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Q1. Process of filing GSTR-1?
Ans. 
GSTR-1 is filed to report outward supplies made by a taxpayer in a given period.
• Log in to GST portal and select GSTR-1 form

• Fill in details of outward supplies made during the period

• Validate and submit the form

• Generate and file the return using DSC or EVC

• Once filed, the details cannot be edited but can be amended in next period's return
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Q2. How to handle large volume of invoices?
Ans. 
Automate invoice processing and use software to manage and organize invoices.
• Use software to scan and extract data from invoices

• Implement an automated approval process for invoices

• Organize invoices by vendor, date, and amount

• Set up alerts for overdue invoices

• Consider outsourcing invoice processing to a third-party provider
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