Manager - Direct Tax - FMCG/Manufacturing

Job Description:-

Tax Planning:

- Reviews complex tax planning projections (for individual and corporate) and estimated tax liability for the Company and minimizes tax liabilities through informed application of tax laws and regulations.

- Executes activities w.r.t assessment of tax returns, extensions, tax planning calculations, and write-up work.

- Analyzes whether there are any direct tax implications during mergers/ acquisitions and advises the Management on the same.

Tax filling Efficiency - 

- Serves as the contact person for employees and Management and tax consultants for all direct tax related matter/queries and informs them on any changes or additional benefits as announced by the Government on an annual basis.

- Educates employees on the papers/ documents they need to submit in order to claim legitimate tax exemptions and maintains the integrity of all documents to protect data confidentiality.

- Monitors the filing of Income Tax Returns of the Company and Other Tax Forms like Form 10CCB, Form 29B and Form 3CEB.

- Approves the TDS rate while opening master for any vendor to ensure correct TDS rates application.

Tax Assessment & Appeal - 

- Supervises the preparation of all required documentation for the filing of income tax appeals before appellate authorities.

- Drafts technical replies for income tax assessment and transfer pricing assessment and prepares Transfer Pricing Study Report.

- Represents the Company Appears in all matters related to direct tax, pending issues and refunds and attends hearing personally before CIT(A) and ITAT.

- Reviews assessment orders, appeal orders passed by the CIT(A) and ITAT, rectification orders passed by the Assessing Officer and takes further course of action i.e., filing of rectification application / appeals against orders received and preparation / review of replies to various notices received from the Income Tax Department.

Audit & Compliance:

- Maintains close liaison and coordination with external tax authorities and tax consultants to advise the management in ways to reduce tax liabilities legitimately.

- Liaisons with auditors and serve as their point of contact for efficient auditing of all returns filed.

- Monitors all forms to ensure they are duly filled in the prescribed manner and all files regularly updated for auditing purposes.

- Interfaces with Tax Authority for timely submission of statutory liabilities and ensuring renewal of all statutory certifications and licenses applicable for taxation purpose to ensure that no penal interest is levied due to non-payment of taxes.

MIS & Reports:

- Supervises the preparation of all income tax reports like transfer pricing documentation under section 92D of the IT Act, form 3CEAA for international transactions and form 67 for claiming credit for foreign TDS.

- Oversees the MIS Reports showing the status of refunds, rectification applications and appeals and maintaining company-wise MIS and Systematic maintenance of soft copy as well as hard copy of income tax.

Candidate Profile:-

Work in mid size to good size corporate

Reports to the Legal Head.