ITC Infotech Functional Consultant Interview Questions and Answers

I handle changes at the last stage by assessing the impact, communicating with stakeholders, and adapting accordingly.

• Assess the impact of the changes on the project timeline, budget, and scope.

• Communicate with stakeholders to ensure everyone is aware of the changes and their impact.

• Adapt the project plan and resources accordingly to accommodate the changes.

• Ensure that the changes are properly documented and communicat...read more

ITR 1 & 4 notified form changes

• ITR 1 can now be filed by individuals who have deposited more than Rs. 1 crore in a current account or have spent more than Rs. 2 lakh on foreign travel

• ITR 4 has a new schedule for presumptive taxation for professionals

• Both forms have added a new field for taxpayers to disclose their investments made between April 1 and June 30, 2020

• ITR 4 has also added a new field for taxpayers to disclo

Amendment u/s 115QA impacts taxation of buyback of shares by unlisted companies.

• Introduced in Finance Act 2013, it imposes additional tax on unlisted companies for buyback of shares

• Tax rate is 20% on the difference between the consideration paid and the fair market value of shares

• Applies to buybacks after June 2013 and before July 2014

• Aimed at preventing tax avoidance through buybacks

e-PAN is a digital version of PAN card issued by the Income Tax Department of India.

• e-PAN is issued in electronic format and can be downloaded from the Income Tax Department's website.

• It is a valid proof of identity and can be used for various financial transactions.

• e-PAN is generated using Aadhaar-based e-KYC authentication.

• It is free of cost and can be obtained within minutes.

• e-PAN has a unique alphanumeric code and ...read more

I will use remote collaboration tools and effective communication to ensure project delivery.

• Utilize video conferencing and screen sharing to facilitate remote meetings

• Use project management software to track progress and assign tasks

• Maintain open and frequent communication with team members and stakeholders

• Establish clear expectations and deadlines for deliverables

• Leverage cloud-based storage and file sharing for easy...read more