KNAV Article Trainee Interview Questions and Answers

Basic ques of income tax,gst,audit

Q1. Audit SA220,SQC1,define any AS,block credit case study,how to audit revenue,SA700
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Q1. Partner round,tell me about yourself define any SA,recent budget amendements
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Q1. Tell me about yourself
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I am a dedicated and hardworking individual with a passion for accounting and a strong desire to learn and grow in the field.
• Graduated with a degree in Accounting

• Completed internships at accounting firms

• Strong analytical and problem-solving skills

• Currently pursuing CPA certification
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Q2. A lot of questions regarding things you said about yourself.
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Q1. Introduction, A lot of questions about every single technical thing you can think off.
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Test of 30 minutes of the field you choice proper paper no mcq

Q1. Basics of tax explain from basic
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Q1. Every tds sextion and rate you know
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Q1. Tax deducted at source 194 CIJ
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Tax Deducted at Source (TDS) under section 194 CIJ
• Section 194 CIJ of the Income Tax Act deals with TDS on payment of compensation on acquisition of certain immovable property.

• TDS is deducted at the rate of 10% on the amount of compensation paid.

• The person responsible for making the payment is required to deduct TDS and deposit it with the government.

• The TDS deducted needs to be reported and filed in the TDS return.

• Fail...read more
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Q2. Stat vs Internal audit
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Statutory audit is mandatory by law, while internal audit is voluntary and conducted by the company itself.
• Statutory audit is conducted to ensure compliance with legal and regulatory requirements.

• Internal audit is conducted to evaluate the effectiveness of internal controls and identify areas for improvement.

• Statutory audit is conducted by an independent external auditor, while internal audit is conducted by employees ...read more
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Q1. Questions on TDS, Residential Status
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Q1. Questions on if comfortable with travelling, Leaves
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Q1. Questions related to AS9 AS 10 AS 2 and AS 16
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Q1. Willing to relocate?
Ans. 
Yes, I am willing to relocate for the right opportunity.
• I am open to relocating to a new city or country for career growth.

• I understand that relocation may be necessary for certain job opportunities.

• I am flexible and adaptable to new environments.

• I am excited about the prospect of experiencing a new location and culture.
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Q2. Opt for industrial training
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Industrial training provides practical exposure and hands-on experience in a real-world work environment.
• Industrial training helps in gaining practical knowledge and skills that are essential for a successful career.

• It allows students to apply theoretical knowledge in real-life situations.

• Industrial training enhances problem-solving abilities and decision-making skills.

• It provides an opportunity to network with profess...read more
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Q1. Accounting standard case study
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Q2. Banking sector case study
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