Direct Tax Professional

Job Description

Hi!Greeting From MNR SolutionsHiring for Direct Tax Professional (International Taxation) for Leading CA FirmJob Location: MumbaiWork Mode: HybridQualification : CAJob Role:We are looking for someone with Direct Taxation profile, an articulate, fast learner with good research and interpretation skills. The profile offers a great combination of advisory and compliance work.It also gives a great opportunity to someone who is looking to advance his/her career in International Taxation. Adequate Training will be given to the CA in DTAA and FEMA laws.[95% Individual Tax and 5% Corporate Tax work]A) PRIMARY:Advisory:1. Advising NRI clients on Domestic Tax, DTAA, FEMA & Legal matters2. Handling complex queries from Banks & NRI Clients Tax, DTAA, FEMA & related compliances3. Residential Status and allied Tax Planning for NRI/RNOR clients4. Advising NRI clients on purchase /sale of immovable property in India including TDS provisions, reinvestment benefits, legal processes, etc.5. Estate Planning through WILL/ formation of Trusts6. Returning Indian and Recent Immigrations Tax and FEMA advisory7. Structuring in set up of entities in India/Dubai/Singapore/other countriesconsidering Income tax laws, international tax laws, FEMA, and otherapplicable statutes8. Assist GPK Dubai Office with queries on Tax & FEMA, if any9. Advising on borrowing and lending in India and outside India, giving andreceiving Gifts in India as per Income Tax Act and FEMA10. Advisory on Foreign Investments like Investment under FDI, Investmentthrough Proprietorship Concern.Compliances:1. Preparing and supervising Income Tax Returns prepared by Juniors2. Tax Liability and Advance Tax computations prepared by juniors of HNI andother NRI/RNOR/ROR clients3. Attending various Notices, Scrutiny Assessment, Reassessment cases4. Repatriation / Remittances (Form 15CA/CB) and LRS requests from Banks/NRI Clients5. Tax Exemption Certificate (TEC) / Lower Deduction certificate (Sec. 197)applications6. Attending to PAN/Aadhaar card issues of NRI clients7. Application of condonation of delay to Income Tax Department andsubmitting Basis of Filing Tax Return as needed for HNI clients8. Filing RBI applications as per the provisions of FEMA and Compoundingapplications in the case of non-compliances under FEMAUS Tax related work (if applicable, training to be given depending on interestarea/ job profile):1. Compiling Indian Income / Assets of US taxpayers2. Preparation of Statement of Highest Balances for reporting in FATCA (Form8938) and FBAR (FinCEN Form 114)3. Foreign Tax Credit applicability - Calculation of Effective Tax rate to identifyactual taxes paid in India and advisory to avoid double taxation4. Advisory on Gifts, Estate & Inheritance: - Implications in India and US andTax Rates in US5. Advisory on US Residential Status to optimize tax implications/compliances6. Planning to reorganize/restructure US LLC and Consultancy Incomereceived by Indian Resident therein basis tax rules in India7. Pre-Immigration Tax Planning to residents/worldwide clients who arelooking to move to the US.B) SECONDARY:1. Leading a team and guiding/mentoring article clerks2. Presentations to Banks for NRI services3. Business Development4. Co-ordination and communication with Lawyers/Associates forassisting clients in legal/regulatory matters5. Preparing Standards on Tax, DTAA and FEMA6. Development of content:
• NRI Tax Services Website
• Booklets/FAQs for Banks
2. LEARNINGS/KNOWLEDGE UPDATION
• Seminars on Tax & FEMA
• Any Certification Courses
• Reading Books: IT Act, Master Guide to IT Act, IT Rules, Commentary for typical cases, ITRs and ITDs for some cases, Companies Act, 1956 for some assignment.
• Journals: ICAIs monthly Journal for members.
• Browsing Any Work Related Websites: Institutes Official site, Income tax site, Taxmann.com , FEMAONLINE.com

Keyskills :
direct taxgstincome tax returninternational taxationtds return