Position : Senior Accounting Associate - Direct Tax
Location : Mumbai
Role Overview - Direct Tax Functions
Advance Tax :
- Calculating advance tax liability
- Ensuring electronic payment of advance tax before due dates
Transfer Pricing :
Coordinating with internal teams and preparing Form 3CEB with annexuresGetting segmental accounts auditedReviewing transfer pricing documentation and TP StudyLiaising with transfer pricing auditors for timely completionTax Audits :
Coordinating with teams and preparing Form 3CD with annexuresLiaising with tax auditors for audits and form submissionsIncome Tax Returns :
Preparing tax computationsPreparing and filing electronic return formsEnsuring timely ITR filingsYear-wise Status of Tax Matters :
Tracking notices, assessments, and hearing datesFollowing up on tax refundsFiling rectification applications and ordersUpdating tax trackers and maintaining year-wise historic dataTracking payments made to tax consultantsTax Effect Accounting :
Maintaining tax balances as per IASPosting entries based on tax department ordersMaintaining prior-year tax provision and payment recordsIncome-Tax Assessments :
Coordinating and verifying information for assessmentsPreparing submissions for authoritiesAppearing before Income Tax authoritiesAnalyzing orders and filing appeals in coordination with consultantsTransfer Pricing Assessments :
Compiling information for consultantsAppearing before the Transfer Pricing Officer with Liaising with PwC / EY for strategy and representationAppearing before CIT (Appeals) / ITAT / DRP with consultantsReviewing appellate orders and coordinating for effect ordersTDS Compliance :
Advising AP team on withholding requirementsVerifying monthly TDS liability and paymentsReviewing quarterly TDS returns and ensuring due-date complianceHandling TDS-related communication with IT authoritiesAccounts Finalisation :
Preparing deferred tax provision statementsPreparing related-party notes to accountsPreparing tax provision workingsCorporate Reporting :
Making monthly tax provision entriesPreparing quarterly tax packsPreparing Form 5471 (for PwC US)Completing SOX questionnaires and cash-flow statementsForeign Company Returns :
Reviewing computations and ensuring timely filingsEnsuring TP certificates for foreign entitiesCoordinating with foreign teams and consultants for Supporting sales / legal / operations teams on proposalsReviewing tax questionnairesStructuring contracts in a tax-efficient mannerCoordinating with tax teams across geographiesProviding tax advice and taking stand where Reviewing Income-tax notifications / circulars and guiding internal teams for CA / Semi-CA with 1-3 years of experience in Direct TaxJob Location : Airoli, Mumbai(ref : iimjobs.com)