KPMG India Interview Questions, Process, and Tips

Q1. Differnce between ltcg and STCG
Ans. 
LTCG is tax on profits from assets held for over a year, while STCG is tax on profits from assets held for less than a year.
• LTCG is taxed at a lower rate than STCG.

• LTCG is applicable on assets held for more than a year, while STCG is applicable on assets held for less than a year.

• LTCG is calculated by subtracting the purchase price from the selling price, while STCG is calculated by subtracting the purchase price from ...read more
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Q2. What is Ltcg and Stcg
Ans. 
LTCG stands for Long Term Capital Gains and STCG stands for Short Term Capital Gains.
• LTCG is the profit earned from the sale of an asset held for more than a year.

• STCG is the profit earned from the sale of an asset held for less than a year.

• LTCG is taxed at a lower rate than STCG.

• Example: Selling a stock after holding it for 2 years would result in LTCG, while selling it after 6 months would result in STCG.
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Q1. Ask you how you audit the FS
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Q1. Reason for switch
Ans. 
Seeking new challenges and growth opportunities in a different environment.
• Desire for new challenges and growth

• Opportunity for career advancement

• Interest in exploring different work environment
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Q2. Reason for swit
Ans. 
Seeking new challenges and growth opportunities in a different environment.
• Looking for a change to expand my skill set and knowledge

• Interested in taking on new responsibilities and challenges

• Seeking a more supportive or collaborative work culture

• Wanting to explore different industries or sectors

• Relocating to a new area for personal reasons
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Aptitudes test reading learning cognitive

Q1. Aml and Kyc process
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Q2. About myself and Previous company work
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Q1. Oracle Cloud Payroll core concepts like payroll setups, elements working/setup, Calculation cards, costing, Fast formula.
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Q2. US payroll taxes (employee and employer)and 401k rules and types.
Ans. 
US payroll taxes and 401k rules and types.
• US payroll taxes include Social Security tax, Medicare tax, and federal income tax.

• Employers are responsible for withholding and paying payroll taxes on behalf of their employees.

• 401k plans are retirement savings plans that allow employees to contribute a portion of their pre-tax income.

• There are two types of 401k plans: traditional and Roth.

• Traditional 401k plans allow for pre...read more
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Q3. US legislative rule and state tax rules
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Q4. Employee W2 and year end processing in US.
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Q5. Real time projects requirements questions and we have to propose solutions.
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Q1. Tell me about yourself
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