Manager - Direct Taxation - Manufacturing

Purpose -Why does this role exist?

To ensure smooth co-ordination with all business verticals, tax consultants, tax authorities with the objective of tax optimization and regulatory compliance within stipulated time duration.

Key Result Areas (Key Performance Indicators) General

1. Assisted in timely compliance of filing income-tax returns.

2. Assisted in finalizing assessment proceedings of some of the group companies.

3. Assisted in providing opinion on withholding tax on interest payments on listed Non-convertible debentures to Fils.

4. Assisted in providing opinion on withholding tax on shipping frieght and requirement of relevant documents

Critical Tasks : 

KRA's and Key Activities : 

- Assistance in ensuring compliance with regard to filing of Income-tax Return which includes activities such as collating data from accounts team, secretarial team, finance team, thoroughly going through the financials, filling the ITR forms, co-ordinating with tax auditors, preparing draft computation of income, discussing the computation of income with seniors, filing of income-tax return on income-tax website.

- Assistance in completion of assessment proceedings of all group companies which includes activities such as collating data as per Income-tax notice from accounts team (both plant and HO), analysing the data and making necessary changes, discussing the critical data with seniors, drafting submission, co- ordinating with tax consultants, attending the scrutiny hearing, if required along with tax consultants.

- Assistance in filing appeal before Commissioner of Income-tax (Appeals) or Income-tax Appellate

- Tribunal against various orders received from I passed by income-tax department which includes activities such as thoroughly reading the assessment order, coordinating with tax consultants to draft grounds of appeal by providing key inputs, arranging for digital signature or manual signature of Directors, preparing multiple sets of appeal papers.

- Assistance in computing quarterly advance tax working, computing yearly tax provision working, computing yearly deferred tax working etc.

- Assistance in drafting rectification petition, stay petition, drafting timely responses to various notices/letters from income-tax department.

- Providing tax opinions, advices on matters such as withholding tax on domestic as well as foreign payments, interpretation of income-tax laws on contentious issues, providing constant updates in the field of direct taxation across the group.

- Review and checking of draft computation of income across the group and providing the valuable input wherever necessary consistent with the stand taken by group

- Compiling the pre-memorandum to budget with approval of seniors for the various issues faced by the group in relation to direct tax

- Filing of S.285BA statement of some of the group companies

Competencies : 

Execution Excellence- Timely executed all matters with perfection

Functional Expertise- Thorough understanding of subject matter which enables quick decision making possible

Openness to Learning- Always shown curiosity to learn and upgrade knowledge on Direct Tax as well as Indirect Tax

Team Work & Team Building- Demonstrated utmost team spirit giving top priority to timely completion of job assigned

Working relationships- Stakeholders

Internal: Have to liaison with colleagues from accounts, taxation, finance department.

External: Have to liaison with Auditors, Tax Consultants, Income-tax officers etc.