Filter interviews by
Taxable income in income tax is calculated by subtracting allowable deductions from total income.
Taxable income = Total income - Allowable deductions
Total income includes salary, rental income, capital gains, etc.
Allowable deductions can include expenses like home loan interest, medical insurance premium, etc.
GAV under the head income from HP is calculated by adding the annual value of the property and deducting municipal taxes.
Calculate annual value of property by considering higher of fair rent or municipal value
Deduct municipal taxes paid during the year from the annual value
The result is the Gross Annual Value (GAV) under the head income from HP
The discussion was to give reality check of the work.
I applied via Company Website and was interviewed in Sep 2023. There were 3 interview rounds.
Sec 43(b) of income tax deals with deduction of expenses related to business or profession.
Sec 43(b) allows deduction of certain expenses incurred for business or profession.
These expenses must be revenue in nature and not capital in nature.
Examples of such expenses include rent, salaries, repairs, etc.
The deduction is allowed in the year in which the expenses are actually incurred.
Tax audit limit for individual and partnership firm is Rs. 50 lakhs and Rs. 1 crore respectively.
Tax audit limit for individuals is Rs. 50 lakhs of turnover or gross receipts in a financial year.
Tax audit limit for partnership firms is Rs. 1 crore of turnover or gross receipts in a financial year.
If the turnover or gross receipts exceed the specified limit, tax audit is mandatory.
Tax audit helps in ensuring the accurac...
I applied via Referral and was interviewed in Apr 2023. There were 2 interview rounds.
POS rules refer to the set of guidelines and regulations that govern the use of point-of-sale systems in retail and other industries.
POS rules cover topics such as security, data protection, and compliance with industry standards.
Examples of POS rules include requirements for secure payment processing, restrictions on the use of certain types of payment cards, and guidelines for handling customer data.
Compliance with P...
I am an experienced Employee Relations Executive with a strong background in managing employee relations, conflict resolution, and HR policies.
Over 5 years of experience in employee relations
Expertise in handling employee grievances and conflict resolution
Proficient in implementing HR policies and procedures
Strong communication and interpersonal skills
Proven track record of fostering positive employee relations
Implemen...
Guru & Jana Chartered Accountants interview questions for popular designations
I applied via Company Website and was interviewed in Aug 2021. There were 3 interview rounds.
Top trending discussions
Two online tests - one related to math skills the other physiological
I was interviewed in Mar 2022.
Valuations can be of various types depending on the purpose and method used.
Asset-based valuation
Market-based valuation
Income-based valuation
Liquidation valuation
Replacement cost valuation
Equity represents ownership in a company, while enterprise value represents the total value of a company.
Equity is the residual interest in the assets of a company after liabilities are paid off
Enterprise value is the sum of equity, debt, minority interest, and preferred stock minus cash and cash equivalents
Equity is used to calculate metrics such as return on equity and price-to-book ratio
Enterprise value is used to c...
Comparable company analysis compares multiples of similar public companies while comparable transaction analysis compares multiples of similar M&A deals.
Comparable company analysis is based on multiples of similar public companies
Comparable transaction analysis is based on multiples of similar M&A deals
Comparable company analysis is more commonly used
Comparable transaction analysis is more accurate but harder to find d...
I applied via Company Website and was interviewed before Dec 2021. There were 3 interview rounds.
Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
The procedure involves understanding the entity and its environment, including internal controls.
It also includes assessing the risks of material misstatement due to fraud or error.
The auditor then designs and performs audit procedures to address the identified risks.
Examples of procedures inc...
I applied via Campus Placement and was interviewed in Jan 2024. There were 2 interview rounds.
Can artifical intelligence replace humans
based on 6 interviews
Interview experience
based on 64 reviews
Rating in categories
Bangalore / Bengaluru
4-8 Yrs
Not Disclosed
Qualified Associate
50
salaries
| ₹0 L/yr - ₹0 L/yr |
Assistant Manager
18
salaries
| ₹0 L/yr - ₹0 L/yr |
Chartered Accountant
18
salaries
| ₹0 L/yr - ₹0 L/yr |
Data Analyst
12
salaries
| ₹0 L/yr - ₹0 L/yr |
Member
11
salaries
| ₹0 L/yr - ₹0 L/yr |
Deloitte
PwC
KPMG India
Ernst & Young