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#1 2017-08-05 13:53:53

Ibraheem
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From: Capital
Registered: 2012-03-16
Posts: 23,096
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90+ Income Tax Expert Interview Questions And Answers

Financial Income Tax Expert Job Interview Questions and Answers

Income Tax Expert related interview test questions and answers guide. The one who provides the best answers with a perfect presentation is the one who wins the job hunting race. Learn more about Income Tax Expert and get preparation for the new job interview

Explain me what is alternative minimum tax (AMT)?
What is Previous Year?
Do you know what is Taxation?
What is financial year?
Tell me what do you mean by fair rent?
What is the term person?
Do you know what is reserves and surpluses?
Explain me which income is considered as accrued income?
Do you know what is balanced Capitalization?
Please explain explain deferred tax asset?
Tell us who are resident but not ordinary resident?
Tell me do you know what is goodwill?
Tell me at what rate firms are required to pay tax on their income?
Do you know what is Permanent Account Number (PAN)?
Do you know what is deferred tax?
Tell me what is opportunity Cost?
Please explain us are you a team player?
Please explain what is luxury tax?
Differentiate between Financial Year, Assessment Year and Previous Year?
What is Assessment Year?
What is your greatest strength as Income Tax Expert?
Explain me what is capitalization? What is its importance?
Regarding salary, what are your expectations as Income Tax Expert?
Tell me suppose if a NRI buys property in India, does he has to pay property tax?
Please explain what is tax audit?
Please explain what is the difference between costing and cost accounting?
Do you know how is the income statement linked to the balance sheet?
Tell me what is Entertainment Tax?
What is your biggest weakness as Income Tax Expert?
Do you know what is Excise & Service Tax? What is the difference?
Tell us who are non resident?
Please explain what is a deferred tax liability and why might one be created?
Explain me how has your education prepared you for your career as Income Tax Expert?
Please walk me through a cash flow statement?
Do you know what is cost accountancy? What are the objects of Cost Accountancy?
Tell me how many heads are there under total income?
What is Amortization & Impairment?
Tell me what is excise duty?
Explain me what is the difference between the excise duty and the sales tax?
Please explain what are the Streamlined Sales and Use Tax Agreement?
Do you know what is composite cost of capital? Explain the process to compute it?
Explain what are the disadvantages of proprietary firms?
Please explain why are increases in accounts receivable a cash reduction on the cash flow  statement?
Tell me what are the types of Provident funds?
Tell me what are the deductions under Salary Head?
Tell me what items fall under the category of ‘securities’?
Explain me what is capital gain? Explain long term capital gains and how is it different from short term capital gains?
Tell me what do you understand by total income?
Explain me what are the two most basics financial statements prepared by the companies?
Tell me suppose i buy a piece of equipment, walk me through the impact on the 3 financial statements?
What are allowable and dis-allowable expenditure?
Explain me what is form c & d in sales tax?
Tell me can a person fill a NRI in an Income tax form if he has been out of India for six months though he is Indian citizen?
Tell me what is the Securities Transaction Tax?
Explain me tax liability of an individual get affected due to his residential status?
Explain what are the advantages of proprietary firms?
Explain how is it possible for a company to show positive net income but go bankrupt?
Tell me what is your long-range objective as Income Tax Expert?
Tell us why do capital expenditures increase assets (PP&E), while other cash outflows, like paying salary, taxes, etc., do not create any asset, and instead instantly create an expense on the income statement that reduces equity via retained earnings?
Tell me what are the different types of expenditures considered for the purpose of accounting?
Please explain what is capital structure? What are the principles of capital structure management?
Explain me what is income tax? How is it calculated?
Tell me do you know what is FBT?
Please explain when Deferred Tax Asset & Deferred tax liability arises?
Tell me what do you understand by transfer income?
Tell me the procedure to calculate Provident Fund, ESI, VAT and Sales Tax?
Explain me what is the difference between profit and gain?
Explain me deferred tax Liability? What items come under deferred tax liability?
Tell me how will you decide the residential status of an individual?
Do you know what is Opportunity Cost and Differential Cost?
Explain what are the main duties and responsibilities of a finance executive?
Tell me what are the various systems of Accounting?
Explain is it possible for a company to show positive cash flows but be in grave trouble?
Why should we hire you as Income Tax Expert?
Why did you leave you last job as Income Tax Expert?
Tell me what do you understand by dissolution of firm?
Explain me how will you calculate House Rent Allowance (HRA)?
Tell us what do you mean by Commercial Tax?
Do you know what is the difference between Fund flow vs. Cash Flow?
Explain me what is Inter Company Reconciliation?
Tell me how can a taxpayer get a refund for an overpayment of taxes?
Tell me what is Tax refund?
Tell me what are the basic and additional conditions for Resident and ordinarily resident (ROR)?
Do you know who is an assessee?
Tell me what is differential Cost?
Explain me what are adjustment entries? Why are they passed?
Do you know what are limited liability companies? What are its two types?
Do you know what is share capital?
Explain me what is a deferred tax asset and why might one be created?
Please explain what is working capital?

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2017-08-05 13:53:53

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