Manager/Senior Manager - Direct Taxation:

Experience: 7 to 12 years

Industry: NBFC/Financial Services/Fintech

Qualification: Chartered Accountant (Mandatory)

Location: Gurgaon

About the Role:

We are hiring a Manager/Senior Manager Direct Taxation for a leading NBFC. This role involves end-to-end ownership of Direct Tax matters, including compliance, tax accounting, audits, assessments, litigation management, and advisory support to the business. The position requires strong technical expertise in the Income Tax Act and hands-on experience in dealing with tax authorities and consultants.

Key Responsibilities:

Direct Tax Compliance:

- Ensure timely and accurate filing of Income Tax and TDS returns.

- Review returns for accuracy, completeness, and compliance with applicable laws.

- Handle Form 15CA / 15CB and SFT filings (Form 61A, Form 61B).

- Reconcile tax data with financial statements and underlying schedules.

- Track amendments in direct tax laws and ensure incorporation in filings.

- Review and update SOPs for direct tax processes on a periodic basis.

Tax Accounting:

- Prepare and review monthly direct tax reconciliations.

- Ensure tax balances are supported by appropriate documentation.

- Monitor open tax items and ensure timely closure.

- Compute and review tax provisions, advance tax, and TDS balances.

- Assess and account for Deferred Tax Assets/Liabilities, MAT credits, and valuation allowances.

Tax Audits & Assessments:

- Manage tax audit closure under the Income Tax Act, including preparation of audit schedules.

- Coordinate with auditors and tax authorities during assessments.

Ensure proper documentation and record-keeping for all tax matters.

Tax Litigation:

- Draft and respond to notices from Income Tax authorities within prescribed timelines.

- Coordinate with tax consultants and counsels on litigation strategy.

- Attend hearings at various levels including Assessing Officer, CIT(A), ITAT, and higher forums as required.

- Track judicial precedents and assess their impact on ongoing matters.

- Maintain litigation trackers and evaluate tax provisions/reserves periodically.

Business Support & Tax Advisory:

- Review business contracts and transactions from a direct tax perspective.

- Advise business teams on tax-efficient structuring of transactions.

- Evaluate the impact of changes in tax legislation and jurisprudence on business operations.

- Proactively identify and mitigate potential direct tax risks.

Ideal Candidate Profile:

- Qualified CA with 7 to 12 years of post-qualification experience in Direct Taxation.

- Experience in NBFCs, financial services or fintech industry.

- Candidates with pure Direct Tax exposure.

- Strong communication skills and ability to interact with senior stakeholders.