.. ideal candidate will assist in managing civil engineering projects, perform cost estimations, and ensure projects are executed efficiently and within budget. This role is a great opportunity for an early-career professional to gain hands-on experience and develop their skills in project management and .. read more
Designation :
Executive Direct Taxation
Experience :
5-7 years
Education :
Inter CA / Inter CMA /M.Com / BAF / B.Com
Job location :
Thane
Job role :
Direct Tax Profile
1. Direct Taxation:
- Handling Tax Audits and Assessments
- Calculation, estimation, and timely payment of Advance Tax, and Self-Assessment Tax and preparation of Tax Provisions and related Accounting Entries.
- Computation of Income and Filing of Corporate Income Tax Return.
- Effective TDS Administration appropriate deductions and timely deposit of the deduced tax with the government and timely filing of TDS Returns.
- Filing online reply and comments on online IT notices/orders with CPC
- Review of Tax Assessment and Appeal Orders and Preparation and Filing of Appeals.
- Compilation & preparation of workings/data/details, collating documents, and preparation of submissions for tax assessments/appeals/ dispute resolution panel (DRP) matters.
- Independently appear and represent the company before IT authority in Assessments and Appeals at the CIT/ DRP/ ITAT levels and timely submit and complete assessments/appeal hearings.
- Draft preliminary written submissions and preparation of synopsis and exhibits for filing of appeal before ITAT/HC.
- Briefing the matter under appeal to counsel who is going to argue before ITAT and HC
- Drafting cases for legal opinion on tax matters and advance rulings
- Compounding application, where needed.
- Research complex Tax theory/literature/tax laws, and provisions, and apply them to specific needs.
- Determine all Information required to ensure complete & accurate Tax Assessments and Tax Compliance procedures, formulate a plan to gather and communicate information and ensure necessary actions.
- Efficiently and effectively liaison with the concerned Tax Departments and Tax Authorities for timely completion of assessments, appeals, and pursue Refund Orders.
- Employees Taxation, including taxation of expatriates.
2. Tax Accounting Related Matters
- Tax accounting, income tax provisions, deferred tax provisions, tax schedules and other statutory compliance relating to tax accounting matters.,
- Income Computation and Disclosure Standards (ICDS), Analysis of ICDS and repercussions for the company from tax perspective and compliance with the notified standards including computations and disclosure norms.
- Timely reporting of various orders from ICFR angle and taking positions on contingent liabilities on direct tax issues
- Forecast of effective corporate tax rate, tax cash flow, etc.
3. Transfer Pricing International & Domestic
- Compliance of all TP regulations for the company and its foreign affiliates
- Completing Transfer Pricing Audits, Study Reports, and supporting Documentation, including Transfer Pricing Agreements, and filing the reports in time.
- Reply to assessment notices/TP notice
- Preparation of working/ details, Collating documents, and preparation of submission - for Transfer Pricing Assessments/Appeals/DRP matters.
- Appear before IT Transfer Pricing assessment authority/ appellate authority/ DRP for assessment/appeals/ DRP matters and timely submit and complete assessments/appeal/dispute resolution hearings.
- Handling proceedings w.R.T. TP Audit preparing TP study based on India perspective
- Standardising formats for reporting benchmarks analysis for selecting an appropriate method
4. DTAAs, Withholding Tax & Foreign Tax Credits:
- Examining Double Tax Avoidance Treaties of different countries and determine the availability of credit for foreign taxes paid in a scenario where tax treaty exists/does not exist and deal with the DTAA tax credits/foreign tax credits (FTC) including WT compliance
- Examining withholding tax (WT) implication and compliance under 15CA and 15CB, w.R.T. various foreign payments/remittances.
- Monitoring FTC of foreign branches/affiliates.
- Calculation of beneficial tax exemption for foreign sourced income.
- Dual Income Tax (DIT) relief calculation
5. General:
- Ensure overall, efficient Tax Administration and timely delivery of all tax work and provide timely and high-quality Internal Advisory Services relating to all Direct Taxes and Transfer Pricing matters.
- Preparation of Tax Status update, with all MIS relating to Direct Taxation and Transfer Pricing.
- Analysis of the annual Union budget, and its impact on the company and share with different departments.
Required Candidate profile
- To be tailor-fit for the above skillsets
- Significant experience in handling advisory and litigation related to Direct tax
- Self-Starter, independently sets goals, objectives, and priorities
- Strong interpersonal skills in addition to strong oral and written communication skills including legal drafting /technical drafting
- Leadership and presentation skills
- People management and mentoring skills
- Keep up to date with local and national business and economic issues
- Should bring ideas on Tax Saving, Tax Leakages and Effective Tax Planning
Interested candidates can share CV on chitra.a@sequent.in