Job Purpose - Manage all direct taxation related activities for the firm including computation of corporate tax, TDS, withholding tax, etc., payment of taxes on timely basis; and preparation of tax returns and tax refund applications - Ensure compliance with all applicable direct tax regulations. - Share relevant and accurate tax consultation with internal functional stakeholders, on a need basis. - Drive and manage / provide assistance with all litigation activities within the Direct Tax space. Key Job Responsibilities and KPIs Key Job Responsibilities: Financial / Technical / Process - Tax Compliance Implementation - Ensure that all direct taxation related computation, payment and return filing is carried in out in compliance with taxation laws and regulations - Ensure that the internal teams provide necessary data to the tax auditor on time. Further, monitor the tax audit process to ensure compliance as per defined timelines. - Review observations of the tax auditor and implement necessary governance controls and checks to ensure stronger compliance levels. - Stay updated regarding the changing regulatory environment and build readiness within the firm for complying with direct taxation changes (i.e. changes in tax rates, international taxation, development in litigation world.) - Tax Computation - Ensure that the team collects data required for tax calculation from various business units and corporate level departments - Review and approve computation of direct taxes such as corporate tax, TDS, withholding tax, etc. as per Indian and US tax laws - Review detailed tax planning and projection of tax payable for the assessment year and keeping track of NoL's. - Monitor the sufficiency of reserves maintained by the Treasury team for payment of taxes - Keep abreast of changes in indirect tax regulations and ensure that necessary changes are made in firm's tax computation process, ERP software, etc. to accommodate new tax laws - Ensure compliance with relevant taxation laws relating to transfer pricing and cross border transactions Prepare the tax projections for the firm for the next 10 years - Tax Return Filing - Critically review and approve direct tax returns - Coordinate with the taxation consultants for filing of tax returns and payment of taxes if needed - Check tax receipts to ensure timely and accurate payment of direct tax amounts to relevant tax authorities - Review tax payment records periodically to ensure accuracy and completeness of tax related documentation - Coordinate with tax authorities in case any clarifications are required regarding tax returns and tax payments - Ensure timely and accurate tax reporting in the US through the Tax Operation Monitoring (TOM) portal - Tax Refund and Exemption Application - Leverage knowledge of direct taxation laws to identify methods to reduce firm's tax liability. - Review and approve applications to tax authorities for direct tax refunds and direct tax exemptions as necessary - Review ageing of direct tax balances and coordinate with taxation authorities to resolve old items - Review end to end operations with respect to direct taxes and recommend changes in operations and accounting methods to reduce tax liability - Direct Tax Litigation - Determine situations in which a legal recourse would be required for settlement of direct taxation matters. Seek necessary approvals from superior to initiate proceedings - Track the status of all direct taxation related proceedings that the organization is engaged in - Provide assistance in engagement with legal counsel to plan for litigation strategies for direct taxation cases - SAP to Oracle Transition Management (for Legal Entity Merger / Special Projects) - Review all tax records and data on SAP that needs to transitioned to Oracle in case on a merger of legal entities / any other special projects - Ensure that the necessary functional requirements of data to be transitioned are handed over in a timely and accurate manner to the IT Integration team Customer - Consultation to Internal Stakeholders - Review inquiries received from internal business functional stakeholders and guide the Direct Tax Manager regarding the recommendation to be shared with the business. - Ensure that the team provides accurate, upto date and timely response to internal stakeholders within predefined SLAs - Tax Authority Inquiry Management - Review inquiries received from direct tax authorities relating to information requests, access to records, etc. - Guide the Deputy Manager, Direct Tax regarding nature of response, data, etc. to be shared with the tax authorities - Review the response prepared for accuracy and share with the authorities in a timely manner within predefined SLAs Financial - Tax Non-Compliance Review - Review all cases of direct tax non-compliance, identifying reasons, responsible stakeholder, etc. - Analyze financial impact of all tax related non compliances during the period - Implement appropriate corrective actions and liase with the necessary functional stakeholders to ensure that such tax non compliances are not repeated in the future - Tax Litigation Financial Analysis - Review the funds committed and invested in direct tax litigation activities. - Analyze and evaluate expected tax recovery / liability prevention and present recommendation to Head - Taxation regarding whether further funds should be committed to a litigation proceeding People - People Management and Development: - Allocate responsibilities to the members within team, supervise performance, resolve grievances, counsel and mentor team members - Lead and provide guidance to direct reports - Ensure the timely completion of performance appraisals with quality review and inputs from Managers in order to increase the capability and morale of the team to deliver goals - Support in recruitment related activities to meet the manpower needs of the business

Gurgaon/Gurugram

Senior Manager - Corporate Taxation - Auto/FMCG/Telecom 

Senior Manager - Corporate Taxation - Auto/FMCG/Telecom  ,Job Description for Senior Manager - Corporate Taxation - Auto/FMCG/Telecom  in Grassik Consultants Pvt. Ltd. in  Gurgaon/Gurugram for (6-10) years of experience. Apply Now!

Job Description for Senior Manager - Corporate Taxation - Auto/FMCG/Telecom  in Grassik Consultants Pvt. Ltd. in  Gurgaon/Gurugram for (6-10) years of experience. Apply Now!