Direct Taxation Role

Direct Taxation

Description:

Key Responsibilities:

Direct Tax Compliance:

- Preparation and filing of Income Tax Returns for the company/clients.

- Computation of advance tax, tax liability, and annual tax provisions.

- Handling TDS/TCS compliance, including monthly workings, payment, and quarterly return filings.

- Ensure timely and accurate preparation of Form 3CD, 3CEB, and other statutory forms.

- Maintain updated documentation for tax positions and supporting papers.

Tax Audits & Assessments:

- Assist in tax audits under the Income-tax Act.

- Support during Income Tax assessments, reassessment proceedings, and inquiries from tax authorities.

- Prepare responses to notices under various sections (e.g., 143(1), 143(2), 147, 148, 154, etc.).

Advisory & Planning:

- Provide research-based insights on tax implications of transactions, business operations, and new legislation.

- Support management in tax optimization strategies and internal policy development.

- Work with cross-functional teams (finance, legal, business units) on tax-related matters.

Transfer Pricing (If applicable):

- Assist in preparation of TP documentation, local files, and compliance filings (Form 3CEB).

- Coordinate with transfer pricing consultants on benchmarking and TP audit matters.

Reporting & Internal Controls:

- Maintain tax records, schedules, and working papers for statutory reporting.

- Support statutory and internal auditors with tax-related data.

- Ensure compliance with internal controls and SOX (if applicable).

Skills & Competencies:

- Strong understanding of Income-tax Act, rules, circulars, and recent amendments.

- Good knowledge of TDS/TCS regulations, tax accounting, and compliance requirements.

- Excellent analytical and problem-solving skills.

- Strong written and verbal communication for drafting responses and tax notes.

- Proficiency in MS Excel; experience with tax software (e.g., Tally, Computax, ClearTax, Winman) is an advantage.