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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
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ASHLEY ALEXANDER
Selected
I applied via Referral and was interviewed in Aug 2024. There were 3 interview rounds.
I had applied for the Canada Tax Consultant Role and the first round was the Versant and Aptitude test. First, HR called me for a basic discussion and informed me about the test rounds. The Versant round tested my English speaking, listening, and reading skills. After the Versant round, I took the aptitude test which had three sections - Logical reasoning, Accounting (including journal entries and B.Com related questions), and Excel-related questions.
(4 Questions)
- Q1. Tell me about yourself, and your family
- Ans.
I am a tax consultant with a passion for helping clients navigate complex tax laws. My family is supportive and close-knit.
I have been working as a tax consultant for the past 5 years
I specialize in corporate tax planning and compliance
My family consists of my parents, my spouse, and two children
We enjoy spending quality time together on weekends
- Q2. Asked about my job roles in my previous company
- Q3. How did you cope with the previous tax season, and how many hours did you work last tax season?
- Ans.
I coped with the previous tax season by managing my time effectively and working long hours when necessary.
I prioritized tasks and created a schedule to ensure all deadlines were met
I communicated effectively with clients to gather necessary information in a timely manner
I worked an average of 60 hours per week during the tax season
I made sure to take breaks and practice self-care to avoid burnout
- Q4. Why are you leaving your current company
- Ans.
Seeking new opportunities for professional growth and development.
Looking for new challenges and opportunities to expand my skills
Interested in exploring different areas of tax consulting
Seeking a company with better career advancement opportunities
(3 Questions)
- Q1. Tell me about yourself and your family and also about your friends.
- Ans.
I am a tax consultant with a loving family and a close-knit group of friends.
I am a tax consultant by profession
I have a supportive and loving family
I have a close group of friends who I enjoy spending time with
- Q2. Have you done any extracurricular activities during your college
- Ans.
Yes, I was actively involved in the finance club and volunteered for tax preparation workshops.
Participated in finance club activities
Volunteered for tax preparation workshops
Organized fundraising events for charity
Attended seminars on tax laws and regulations
- Q3. What is your Hobby?
- Ans.
My hobby is photography. I love capturing moments and exploring different perspectives through my camera lens.
I enjoy experimenting with different lighting techniques
I like to explore new locations and find unique angles for my shots
I often participate in photography contests and exhibitions
Interview Preparation Tips
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
Easy just basic of accounts they ask.
I applied via Campus Placement and was interviewed in Jul 2024. There were 3 interview rounds.
(2 Questions)
- Q1. About yourself and your resume
- Q2. Why deloitte Where do you see yourself in 5 years
- Ans.
I chose Deloitte for its reputation for excellence in tax consulting. In 5 years, I see myself as a senior tax consultant leading a team.
Deloitte's reputation for excellence in tax consulting
Opportunities for growth and development at Deloitte
Desire to become a senior tax consultant and lead a team
Commitment to continuous learning and professional development
Building strong client relationships and delivering high-qual
(2 Questions)
- Q1. Journal enteries based questions
- Q2. Behavioural questions
(2 Questions)
- Q1. Journal entery based questions
- Q2. Behavioural based questions
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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