Senior Executive - Direct Tax in Vadodara

Job Description:

Key Responsibilities

1. Tax Deduction at Source (TDS) Compliance

• Calculation and verification of TDS liability under various provisions of the Income-tax Act, 1961.
• Deduction and deposit of TDS within prescribed timelines.
• Preparation and filing of quarterly TDS returns (Forms 24Q, 26Q, 27Q, etc.).
• Issuance and reconciliation of TDS certificates (Form 16 and Form 16A).
• Resolution of TDS notices, defaults, and reconciliation issues on the TRACES portal.

2. Foreign Remittance Compliance (Form 15CA/15CB)

• Review of foreign remittance transactions in consultation with tax consultant
• Determination of withholding tax applicability under the Income-tax Act and relevant DTAA provisions.
• Preparation and filing of Forms 15CA and coordination for Form 15CB certification.
• Liaison with banks for processing overseas remittances.

3. Related Party Transactions & Transfer Pricing Compliance

• Quarterly Reporting of related party transaction data
• Coordination with consultants and auditors for quarterly RPT reports and for transfer pricing studies.
• Tracking and ensuring compliance with domestic and international transfer pricing provisions.

4. Tax Audit Support

• Preparation of schedules and data required for Tax Audit under Section 44AB.
• Coordination with statutory auditors and tax consultants.
• Compilation and reconciliation of information required for Form 3CD.
• Verification of tax-sensitive disclosures and compliance requirements.

5. Income Tax Return & Assessment Proceedings

• Assistance in preparation and filing of corporate income tax returns.
• Preparation of submissions, replies, and supporting documents for income tax assessments.
• Coordination with tax authorities and consultants during assessment, appeal, and scrutiny proceedings.
• Tracking outstanding tax demands, refunds, and litigation matters.

6. Tax Accounting & Reconciliation

• Monthly reconciliation of TDS, advance tax, and tax ledger accounts.
• Support in tax provisioning and deferred tax calculations.
• Reconciliation with Form 26AS, AIS, and TIS reports.

Required Qualifications

• CA Inter / CMA Inter / M.Com / MBA (Finance) / B.Com.
• 3-6 years of experience in Direct Taxation.

Key Skills

• Strong knowledge of Income-tax Act, 1961.
• Hands-on experience with TDS compliance and return filing.
• Knowledge of Form 15CA/15CB procedures and DTAA provisions.
• Understanding of Transfer Pricing and Tax Audit requirements.
• Experience in handling income tax assessments and notices.
• Proficiency in SAP, ERP systems, Excel, TRACES, and Income Tax Portal.

Preferred Experience

• Exposure to manufacturing sector taxation.
• Experience in handling large-volume TDS compliance and related party transactions.
• Interaction with tax authorities and external consultants.

KPIs

• Timely filing of TDS returns with zero defaults.
• Timely filing of Forms 15CA/15CB.
• Closure of assessment notices within prescribed timelines.
• Accurate reporting of related party transactions and transfer pricing disclosures.
• Successful completion of tax audit and income tax return filing within deadlines.