Senior Accounting Associate - Taxation

Your impact

DIRECT TAX FUNCTIONS

ADVANCE TAX

Calculating advance tax liability.

Ensuring electronic payment of advance tax before due dates

TAX AUDITS

Coordination with other teams and preparation of the 3CD form alongwith annexures in respect of tax audit

Liaisoning with tax auditors to have the relevant forms audited

INCOME TAX RETURNS

• Preparation of tax computation
• Preparation and filing of electronic return form.
• Ensuring filing of tax return before due dates

YEARWISE STATUS OF TAX MATTERS

• Keeping track of notices received, date of hearing of assessments
• Follow-up with tax refunds
• Filing rectification application / order giving effect to various orders
• Updating tax tracker
• Updating the details of payment made to tax consultants
• Maintaining of historic data of various tax issues year-wise.

TAX EFFECT ACCOUNTING

• Keeping the tax balances as per the Indian accounting standard (IAS)
• Posting accounting entries once order is received from tax department
• Maintaining prior year chart of tax provision and tax payment made

INCOME-TAX ASSESSMENTS

• Coordinating for information, analyzing the information before it is presented.
• Discussing with tax consultants on contentious issues.
• Preparing submissions to be made before Income tax authorities.
• Appearing before the Income tax authorities on notices received.
• Analyzing orders and filing appeal with the assistance of tax consultants.

APPEALS

• Providing information, liasioning and strategizing with PwC / EY on the positions to be adopted in respect of the issues in appeal before Income tax Appellate Tribunal / Commissioner of Income tax (Appeals) / Dispute Resolution Penal
• Appearing before the above authority alongwith tax consultants.
• Analysing the orders received from the appellate authorities.
• Follow up with Income tax authorities for issuance of the orders giving effect to the appellate orders.

TDS COMPLIANCE

• Guidance to AP team on withholding taxes
• Verification of the monthly TDS liability and uploading payments
• Checking of Quarterly TDS returns and ensuring that they are filed by the due date.
• Correspondence with Income tax authorities for any communication received from TDS cell

ACCOUNTS FINALISATION

• Preparation of deferred tax provision statement
• Preparing of notes to accounts – related party
• Preparing of provision for tax working

CORPORATE REPORTING

• Making monthly provision for tax entry
• Preparation of quarterly tax pack
• Preparation of 5471 report required by PwC US
• SOX questionnaire
• Cash flow statement

FOREIGN COMPANY RETURNS

• Review of tax computation and ensuring filing of tax return before due dates
• Ensuring that transfer pricing certificate for foreign entities is obtained
• Coordinating with foreign entities and tax consultants for foreign company tax assessments

ADVISORY

• Coordinating with sales / legal team / operations team on various proposals
• Obtaining the tax questionnaire
• Structuring of contracts in tax efficient manner
• Coordinating with tax councils of other countries
• Providing tax advice and taking stand wherever required

GENERAL

Analyzing the impact of the Income-tax Notification/Circulars on the Company and guiding the relevant personnel to ensure proper compliance.