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KPMG India Tax Consultant Interview Questions and Answers
KPMG India Tax Consultant Interview Experiences
4 interviews found
Anonymous
I applied via Referral and was interviewed before Oct 2023. There was 1 interview round.
(2 Questions)
- Q1. What is Withholding tax?
- Ans.
Withholding tax is a tax deducted at source by the payer of income, typically on interest, dividends, or wages.
Withholding tax is deducted by the payer of income before it is paid to the recipient.
It is commonly applied to interest, dividends, royalties, and wages.
The withheld tax is then paid directly to the government on behalf of the recipient.
The recipient may still need to report the income and withholding tax on ...
- Q2. How do you do income allocation in 704c method?
- Ans.
Income allocation in 704c method involves assigning income or deductions to partners based on their share of partnership profits.
Income allocation in 704c method is used to allocate income or deductions to partners in a partnership based on their share of partnership profits.
This method is typically used when there is a substantial disparity between the book value and tax basis of partnership assets.
The allocation is m...
I applied via campus placement at Gandhi Institute of Technology and Management, Visakhapatnam and was interviewed in Aug 2022. There were 4 interview rounds.
It was basic aptitude test with communication section, which includes reading, listening, speaking and writing.
(2 Questions)
- Q1. Basic questions on finance and tax were asked
- Q2. Do you know anything about Indian Tax?
- Ans.
Yes, Indian Tax system is complex and diverse with various taxes like income tax, GST, customs duty, etc.
Indian tax system is governed by the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC)
Income tax is levied on the income earned by individuals and businesses
Goods and Services Tax (GST) is a value-added tax levied on the supply of goods and services
Customs duty is levied...
(1 Question)
- Q1. It was a normal HR round. All the basic HR questions were asked.
Interview Preparation Tips
Be thorough on all your basic concepts.
Kiran Prabhu
I applied via campus placement at NMAM Institute of Technology, Mangalore and was interviewed in Aug 2022. There were 2 interview rounds.
Average questions study all basic accounting
Interview Preparation Tips
What people are saying about KPMG India
Selected
I applied via Campus Placement and was interviewed before Oct 2022. There were 3 interview rounds.
Account questions and logical reasoning
(1 Question)
- Q1. Why do u choose kpmg
KPMG India interview questions for designations
Interview questions from similar companies
Online asesment that measures the numerically and logical abilities
Case study about tax that focus ok implementing the vat in GCC countries
(2 Questions)
- Q1. Introduc yourself
- Q2. What do you know about the Egyptian tax system
- Ans.
The Egyptian tax system consists of various taxes including income tax, value-added tax, and corporate tax.
Egypt has a progressive income tax system with rates ranging from 0% to 22.5%
Value-added tax (VAT) is levied at a standard rate of 14%
Corporate tax rate is 22.5% for most companies
There are also other taxes such as property tax, stamp duty, and customs duties
Interview Preparation Tips
I applied via Campus Placement and was interviewed in Dec 2023. There were 3 interview rounds.
Questions releated to reasoning
Cash vs UPI time:-15 min members:-10,
(3 Questions)
- Q1. Tell me about yourself
- Q2. What is financial statement
- Ans.
A financial statement is a document that provides an overview of a company's financial performance and position.
Financial statements include the balance sheet, income statement, and cash flow statement.
They are prepared by companies to communicate their financial information to stakeholders.
Financial statements help in assessing the profitability, liquidity, and solvency of a company.
They are used by investors, credito...
- Q3. What is GAAP? and how its help us as a tax consultant
- Ans.
GAAP stands for Generally Accepted Accounting Principles. It is a set of standard accounting rules and guidelines.
GAAP provides a framework for preparing financial statements and ensures consistency and comparability in financial reporting.
As a tax consultant, understanding GAAP helps in accurately interpreting financial statements and identifying taxable income.
GAAP also helps in determining the appropriate tax treatm...
Easy just basic of accounts they ask.
I applied via Naukri.com and was interviewed in Apr 2021. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. In the HR round- as usual self introduction and the language fluency were mainly focused.In technical round--I was mainly asked the basic to little advanced topics in Direct taxation subject
Interview Preparation Tips
Selected
I applied via Referral and was interviewed in Feb 2024. There was 1 interview round.
(5 Questions)
- Q1. Section 35DA deduction
- Q2. Section 80JJAA deduction
- Ans.
Section 80JJAA deduction allows deduction for new employment generation in specified industries.
Section 80JJAA of the Income Tax Act allows a deduction to employers for new employment generation in specified industries.
The deduction is available for 30% of additional employee cost for 3 consecutive assessment years.
The deduction is available to Indian companies engaged in manufacture or production of goods in specified...
- Q3. Section80Cdediction
- Q4. Riound tripping ofshares
- Q5. Go goa gone less
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed before Sep 2022. There were 2 interview rounds.
(2 Questions)
- Q1. Basis accounting and basics of US tax
- Q2. Basics of US tax
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KPMG India Tax Consultant Interview Process
based on 2 interviews
2 Interview rounds
- Resume Shortlist Round
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