Assistant Manager

Job Description

1. KEY RESPONSIBILITIES AND ACCOUNTABILITIES OF THE ROLE:
1. Advance Tax Working:
1. Compilation of Data from engineering, finance, AR department in respect of on-going projects, FD/MF Investments made, status of the project to be attained, Sales MIS respectively.
2. Computing Advance Tax details under various Options considering the actual and estimated figures.
3. Review the same from Seniors and payment of the same within due date.
1. Analysis of Budget Provisions:
1. Analysis of Budget (Finance Bill) and relevant provisions applicable to the Real Estate Industry.
2. Summarising the relevant changes made and broadcasting the same to the DT Team.
1. Opinion on Direct Tax Issues/ Notifications/ Circulars:
1. Drafting the facts and queries to be clarified vide Opinions to be obtained from Counsels.
2. Preparing Notes on Direct Tax Issues
1. Direct Tax Notifications/ Circulars / Case Laws:
1. Analysis of Tax Notifications/ Circulars issued and broadcasting the same to the DT Team.
2. Analysis of relevant Tax Judgments of ITAT / High Court / Supreme Court and broadcasting the same to the DT Team.
1. Assessments / Scrutiny Proceedings:
1. Compiling, obtaining details in co-ordination with other members of the DT team.
2. Drafting of submissions letters and their details as per the notices received.
3. Representing the case before the Assessing Officer alongwith Seniors.
4. Filing rectification letters with the Income Tax Department.
5. Following up for the Rectification Orders.
6. Following up for refund due in the respective entities.
1. Appeal before Income Tax Appellate Authorities:
1. 1. Commissioner of Income Tax (Appeals) [CIT)(A)}:
1. Preparing & Filing Appeal Form 35 and its grounds of appeal.
2. Keeping track of upcoming CIT(A) hearings and broadcasting the same to the Team.
3. Preparing submissions for appeal to be submitted to CIT(A).
4. Searching important / relevant articles and judgments of ITAT/HC/ SC relevant for the submission to be made before CIT(A).
1. 1. Income Tax Appellate Tribunal (ITAT) and High Court (HC):
1. Keeping track of upcoming ITAT and High Court hearing and broadcasting the same to the Team and Counsels.
2. Researching judgments/rulings of ITAT/High Courts/ Supreme Courts relevant to the case
3. Summarising the facts of the case through charts and sequence of the events.
4. Having a conference call and discussing the details with the Counsel along with Seniors.
5. Appearing for the hearing before ITAT and High Court with Seniors and the Counsel, providing assistance to Company s Counsel.
1. Relevant provisions relating to Foreign Remittances (International Taxation):
1. Collecting data from Architectural Department in respect of the remittance to be made.
2. Analysing the Income Tax Law, Applicability of DTAA provision applicable to the same.
3. Preparation of IOM for view taken in respect of witholding tax applicability.
4. Drafting Application for Lower / Nil Tax Deduction Certificates in respect of foreign remittances to be made to foreign Architects, Professional Entities for the respective projects in order to reduce the tax cost to be borne by us.
1. Lower / Nil Tax Deduction Certificates:
1. Drafting, Application for Lower / Nil Tax Deduction Certificates in case of KPSL and Oberoi Foundation.
2. Submitting details called for by the AO in respect of the same,
3. Obtaining the Lower / Nil Tax Deduction Certificates.
1. Preparation of Income Tax Returns, Tax Audits, and Online Filing of the same:
1. Preparing and Filing of (i) Computation of Income, (ii) Income Tax Return before the specified due date
2. Co-ordination with CA Office Software s personnel to solve incidental issues arising during filing of ROI.
1. Preparation of Tax Audit Reports:
1. Preparing and verifying Tax Audit Reports to be filed.
1. Compliances in respect of TDS procedures:
1. Verification of TDS Payment Challans with the TDS deducted.
2. Drafting rectification Requests for the TDS Notices issued by IT Department;
3. Filing appeals to the CIT(Appeals) against the Orders of the IT Department.
1. Contingent Liabilities in respect of Income tax for Structured Cos;
1. Preparation of working of Contingent Liabilities for the structured Companies;
1. Other Income Tax Compliances:
1. Drafting replies in respect of Summons issued / Information called for by the Department;
1. QUALIFICATIONS AND TECHNICAL SKILLS
QUALIFICATIONS:
• Inter-CA
• B.Com. (March 1997)
TECHNICAL SKILLS:
• Drafting Skills
• Presentation Skills
• Research and Analytical Skills
• Efficient use of M.S. Word, Excel
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Keyskills :
income taxbankingaccountsmistatsalesincome tax return