Magnit Global Interview Questions and Answers

Deferred tax refers to the difference between taxes payable now and taxes payable in the future due to timing differences in recognizing income and expenses.

• Deferred tax arises from temporary differences between accounting profit and taxable profit.

• It can be a deferred tax asset or liability on the balance sheet.

• Examples include depreciation expenses and revenue recognition methods affecting tax liabilities.

• Deferred ta...read more

I am not poor.

• I am financially stable and do not face any poverty-related issues.

• I have a steady income and can meet my basic needs comfortably.

• I have access to resources and opportunities that help me maintain a good standard of living.

Managed process improvement initiatives, analyzed workflows, identified bottlenecks, and implemented solutions.

• Analyzed current processes to identify inefficiencies

• Developed and implemented process improvement strategies

• Collaborated with cross-functional teams to streamline workflows

• Utilized data analysis tools to track and measure process performance