12/03 Verified
HR at Verified

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Vodafone Idea - Manager - Direct Tax (8-10 yrs)

Mumbai Job Code: 674375

Experience : 8 to 10 years

Title : Direct Tax Manager

1. Support in tax compliance involving preparation of tax computation / Tax Audit Report / Transfer Pricing Certification / Transfer Pricing Study Report.

Tax computation :

- Preparing computation of income with the assistance from SSC tax team

- Resolving queries with finance/circle/ SSC tax team

- Discussing the computation internally with Reporting Manager and getting it reviewed

- Sharing the computation with tax consultants for their review and comments

- Preparing the tax return form and discussing queries/ observations with finance/ circle/ SSC tax team

- Discussing computation and return form with Reporting Manager and finalising the same

- Sharing the return form with tax consultants for their review and comments

- Ensuring changes/ updates suggested by tax consultants are made in the computation and return form

- Uploading the final return form on income tax portal

Tax Audit Report :

- Preparing draft clauses forming part of tax audit report with inputs from SSC tax team

- Discussing and resolving queries with SSC tax team

- Reviewing queries of tax auditors

- Having multiple rounds of discussions with tax auditors along with SSC tax team for resolving their queries

- Discussing queries internally with Reporting Manager where technical position is required to be taken

- Reviewing the final xml files prepared by SSC tax team

- Co-ordinating with tax auditors to ensure timely uploading of the tax audit report on the income tax portal

- Approving the uploaded tax audit report on the income tax portal

Transfer Pricing Certification / Transfer Pricing Study Report :

- Review the draft TP certificate along with annexures prepared by SSC

- Liaise with SSC and Auditors for queries raised by Auditors during the course of audit

- Monitor tax audit work on an ongoing basis through visit to SSC/ VC jointly with the TP auditors

- Ensuring provision of documents to support the benchmarking exercise by liaising with SSC/ circle/ finance team

2. Support in corporate tax litigation involving issues like Tax holiday benefit / Spectrum payment deduction etc

- Supporting in the approach to be taken for hearings before the CIT(A) / ITAT/ HC by liasing with circles and consultants for details and documents required

- Arranging for information/ documents such as Vakalatnama/ POA / data required by consultants/ legal counsel

- Co-ordinating with SSC/ circle/ finance team to provide necessary information/ documents

- Review of the information/ documents/ data and sharing the same with consultant

- Ensuring submissions/ paper book before DRP/ CIT(A)/ ITAT are filed in time

- Attending hearings before DRP/ ITAT/ High Court/ Supreme Court

3. Support stay against recovery of tax demands arising pursuant to tax litigation :

- Keeping track of stay expiring matter

- Applying for stay of demand in timely manner wherever adverse orders are passed and demand is raised

- Ensure payment of demand under protest within the time limit provided by tax authorities by providing timely instructions to circle finance team

- Keep track of stay expiring matter and ensure stay extension applications are filed in time

- Ensuring extension of Bank Guarantee wherever applicable in timely manner by liaising with treasury team

- Ensure necessary initimation is made to tax authorities regarding extension of stay/ bank guarantee with the assistance of circle finance team

4. Support in WHT litigation involving issues like Prepaid discount / International IUC

- Supporting in the approach to be taken for hearings before the CIT(A) / ITAT/ HC by liasing with circles and consultants for details and documents required

- Supporting consultants/ legal counsel by providing factual data/ information etc

- Ensuring submissions/ paper book before DRP/ CIT(A)/ ITAT are filed in time

- Attending hearings before DRP/ ITAT/ High Court/ Supreme Court

5. Support in stay against recovery of tax demands arising pursuant to tax litigation

- Keeping track of stay expiring matter

- Applying for stay of demand in timely manner wherever adverse orders are passed and demand is raised

- Ensure payment of demand under protest within the time limit provided by tax authorities

- Keep track of stay expiring matter and ensure stay extension applications are filed in time

- Ensuring extension of Bank Guarantee wherever applicable in timely manner

6. Support in on-going Transfer Pricing Audits to defend Transfer Pricing positions adopted and to avoid new litigation

- Support reporting manager in planning and agreeing on timeline of data to be collated in consultation with reporting manager and external consultants basis past experience

- Issuing necessary instructions to SSC/ circles/ finance teams for collating data in light of notice issued by tax authorities in consultation with reporting manager

- Follow up with SSC/ circle/ finance team for collating data and sharing the same with consultants

- Finalizing submissions in consultation with reporting manager and consultants considering past position/ change in tax laws/ judicial development

- Review orders passed and ensure filing of objection before DRP/ appeal before CIT(A)/ ITAT as the case may be in timely manner

7. Support in dealing with various teams to extend tax support eg SCM / VBS / HR / Marketing

- Reviewing various business agreements with vendors from direct tax perspective

- consulting discussions with the business team and finance teams on terms of agreement

- Advising on direct tax implications in consultation with reporting manager

- Review of transactions referred by SSC from TDS perspective

- Discussing the transaction with SSC and business team

- Reviewing various documents, such as agreements, TRC, form 10F, No PE certificates, declaration of non resident etc and advising SSC on TDS applicability

8. Support in ongoing tax assessments across India and follow up for Appeal effect orders / Rectification proceedings / Remand back matters

- Support reporting manager in planning and agreeing on timeline of data to be collated in consultation with reporting manager and external consultants basis past experience

- Issuing necessary instructions to SSC/ circles/ finance teams for collating data in light of notice issued by tax authorities

- Follow up with SSC/ circle/ finance team for collating data and sharing the same with consultants

- Assist in finalising submissions in consultation with reporting manager and consultants considering past position/ change in tax laws/ judicial development

- Ensuring completion of assessment in timely manner and receipt of orders

- Review orders passed and ensure filing of appeal before CIT(A)/ ITAT as the case may be in timely manner

- Follow up for Appeal effect orders / Rectification proceedings / Remand back matters with consultants and supporting them for provisions of documents/ information

- Working with Tax advisors / Finance teams

9. SSC tax team prepares the advance tax workings for each quarter

Reviewing the advance tax working received from the SSC Tax team considering following aspects:

- Impact of new/unique transactions

- Changes in tax laws, if any;

- Advance tax working of previous period;

- Guidelines or Instructions, issued by Corporate tax team

- Discussing observations or changes to be made in working of advance tax,

- Discussing the final working with reporting manager and issuing necessary instructions to SSC Tax team post finalisation of working.

10. SSC tax team shares documents/ workings required for ICFR control :

- Review documents/ workings shared by SSC and provide guidance on completion of ICFR control in consultation with reporting manager

- Ensure that all relevant ICFR controls are performed in timely manner in the SAP system

- Address timely closure of queries of auditors/ internal ICFR team on the controls performed

11. Review of the computation of tax (based on LRP and future projections) prepared by SSC-Tax team.

- Assess the deferred tax charge/ credit in accordance with Ind-AS 12 in consultation with reporting manager

- Issue necessary guidance/ instructions to SSC tax team for recognising the deferred tax asset/ liability post discussion with reporting manager

- Review of the computation of tax (based on LRP and future projections) as per Sec-115JB of Income Tax Act, 1961 for recoverability of MAT Credit Entitlement prepared by SSC - Tax team.

- Reviews the carrying amount of MAT entitlement at each balance sheet considering the utilisation during the year in consultation with reporting manager

- Issue necessary guidance/ instructions to SSC tax team post discussions with reporting manager

12. Work in relation to conclusion of APA :

- Collating documents/ information which involves liaising with different business teams, explaining and discussing requirements with them, reviewing the documents shared by business teams

- Ensuring timely flow of data to the tax consultants and onward filing with the APA authorities

- Continuous engagement with finance team, Group team and tax consultants on various matters and requirements concerning APA proceedings

- Supporting tax consultants in filing various submissions as prescribed by the tax authorities in the APA

Women-friendly workplace:

Maternity and Paternity Benefits

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