AGM - Direct Taxation - Steel/Infra/Power

Job Description

Position: Associate General Manager – Direct Taxation

Qualifications: Chartered Accountant (ICAI), Company Secretary (ICSI), DISA,CISA with SAP is preferred

Experience: 11 to 13 years post CA Qualification.

Location : Bangalore

Industry Preference: Power/Steel/Infrastructure

Job Summary:

- Heading all direct tax matters of Energy Sector entities and advising the sector entities on all direct tax matters

- Internal & external compliances in Direct Tax

- Supervise and provide guidance as may be necessary to ensure that all actions for preparation and filing of return of Income, tax audit, transfer pricing requirements and wealth tax returns are taken on time.

- Review submissions made to tax authorities and attend or organization representation at assessment hearings.

- Work towards improving processes and ensuring a robust system with regards to direct tax and initiate process improvements.

- Minimize tax risk - ensure tax compliance

Key Deliverable:

Accountabilities

Key Performance Indicators

- Monitoring and verifying Tax Audit Report, Transfer Pricing Report, income tax / wealth tax computation, notes to return, filing of income tax and wealth tax returns, Transfer Pricing Study Report.

- Timely compliance of various statutory dues dates prescribed by Law.

- Validating and scrutinize income tax, TDS and transfer pricing assessment details, review of assessment orders and suggest further course of action. Further Validation of appeals prepared for CIT(A) and ITAT against orders received and verify various appeal submissions.

Timely submissions.

- Litigation Management : Representation before the Income Tax Officer, Additional Commissioner of Income Tax, Commissioner of Income Tax regarding assessment proceedings, penalty proceedings, appeal proceedings, survey/search proceedings of income tax, TDS, transfer pricing, proceedings for lower tax deduction certificate, 281 Certificates.

- Proper Management of Energy Sector Tax Litigation.

- Monitoring and review of advance tax workings, eTDS Returns, Annual Information Returns and provision for tax.

- Timely compliance of various statutory dues dates as prescribed by Law.

- Review of rectification application against orders received, application for lower tax deduction certificate, 281 Certificates, Tax Residency Certificates

- Timely filing of applications

- To devise tax-planning and suggest necessary measures in-group companies on various matters to enable to avail maximum tax benefits available under the law.

- Timely tax planning

- Monitor and review advises given on applicability of TDS / TCS, study on allowability of expenditure and analysis of the same into expenditure into revenue / capital.

- Advises given

- Review of contracts / agreements and attend business meetings to analyse the tax implications

- Timely review of contracts

- Maintain cordial relationship with Income Tax Department Officials and regular follow-up with income tax department for granting refunds, passing necessary orders, lower tax deduction certificates and others

- Timely follow-up

- Track and monitor changes in the Income-tax Act, procedures, Circulars, Notifications and case laws and communicate the relevant changes to Finance and Accounts Team on regular intervals

- Timely implementation of changes

- Review of MIS Reports showing the status of refunds, rectification application and appeals and maintaining company-wise MIS.

- MIS Reports

For more details contact Mr. Uday @ 04066140095