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I applied via Walk-in and was interviewed before Nov 2019. There were 4 interview rounds.
posted on 23 Jan 2025
I was interviewed in Dec 2024.
Language skills, reasoning abilities, and foundational knowledge in accounting.
Group discussion on a general topic.
I applied via Recruitment Consulltant and was interviewed in Aug 2024. There were 3 interview rounds.
Passive Foreign Investment Company (PFIC) is a foreign corporation where at least 75% of its gross income is passive or at least 50% of its assets produce passive income.
PFIC status can have significant tax implications for U.S. taxpayers.
Taxpayers must report PFIC investments on Form 8621.
PFIC rules are complex and may require specialized tax advice.
Examples of PFICs include certain foreign mutual funds and holding co
Form 5471 is a tax form used by certain U.S. persons who are shareholders in certain foreign corporations.
Required to be filed by U.S. persons who are officers, directors, or shareholders in certain foreign corporations
Provides information on the foreign corporation's financial activities and ownership structure
Helps the IRS prevent tax evasion through controlled foreign corporations
Different filing requirements based ...
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.
These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.
For example, when a compa...
A journal entry is a record of a financial transaction in a company's accounting system.
Journal entries consist of a debit and credit entry to different accounts
Debits are recorded on the left side and credits on the right side
The total debits must equal the total credits in a journal entry
Basic accounting problems and concepts with simple logical reasoning questions.
Tax liability for a client with an annual income of Rs. 1400000.
Calculate the tax liability based on the income tax slabs applicable in the country.
Consider any deductions or exemptions that the client may be eligible for.
Consult a tax professional or use an online tax calculator for accurate results.
I was interviewed before Jan 2024.
US Tax Related Question
Understanding principles of accounting and journal entries is essential for a Tax Associate role.
Principles of accounting include matching principle, revenue recognition principle, and cost principle
Journal entries are used to record financial transactions in the accounting system
Examples of journal entries include recording revenue, expenses, and asset purchases
I applied via Naukri.com and was interviewed in Feb 2023. There were 3 interview rounds.
posted on 16 Oct 2024
I applied via Naukri.com and was interviewed in Sep 2024. There were 3 interview rounds.
It consists total 30 questions followed by logical reasoning questions
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
It provides a snapshot of a company's financial position
Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two
The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity
It is one of t...
An assessee is a person or entity who is liable to pay tax or is subject to tax assessment by the government.
An assessee can be an individual, a company, a partnership firm, or any other entity that is required to pay taxes.
Assessees are identified based on their income, profits, or any other taxable criteria set by the tax authorities.
Examples of assessees include salaried individuals, businesses, and corporations.
Ass...
I am motivated to join the company because of its reputation for innovation and commitment to employee development.
I am impressed by the company's track record of success in the industry.
I am excited about the opportunity to work with a team of talented professionals.
I believe that the company's values align with my own personal values.
I am eager to contribute my skills and expertise to help the company achieve its goa
based on 24 reviews
Rating in categories
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