Accountant, Tax

Job Description

*Taxation Profile, Airoli LocationJob RoleEXPATRIATE TAX

• Interaction with overseas offices in relation to the assignment of the expatriate.
• Discussion with tax consultants of the tax implications arising from assignment conditions.
• Meeting with expats and to explain about Indian tax in laws in general.
• To arrange for entry briefing and exit briefing from Deloitte India.
• Coordination with expatriate for PAN application and bank account opening formalities.
• Interaction and correspondence with overseas offices on various tax issues of expatriates.
• Calling for monthly payroll details of expat from their home country.
• Coordination with tax consultants for calculating monthly withholding tax in India
• Verifying the working of withholding tax liability.
• Ensuring payment of withholding tax liability within due dates.
• Providing clarifications to tax consultant about queries raised.
• Coordinating with overseas entities for the remittance of Withholding tax amounts.
• Verifying and filing quarterly e-TDS Returns in respect of expats salary.
• Verifying From 16A for expats
• Collating information about perquisites given to expats like accommodation, servant salary, car perquisite, electricity, telephone etc.
• Follow-up with expat to provide the details of other income if any earned in India.
• Co-ordinating with expat for payment of self-assessment tax if any.
• Coordinating with tax consultants for preparation income-tax returns of the expatriates.
• Verifying the Income-tax Return and ensuring filing of expat tax return.
• Resolving tax and other queries of expatriates
• Monitoring the expat tax account and ensuring that withholding tax payments are collected from respective country on time.

DIRECT TAX FUNCTIONSADVANCE TAX:

• Calculating advance tax liability.
• Ensuring electronic payment of advance tax before due dates

TRANSFER PRICING

• Coordination with other teams and preparation of the 3CEB form alongwith annexures in respect of Transfer Pricing certificate
• Getting segmental accounts audited
• Review of transfer pricing documentation in form of TP Study
• Liaisoning with transfer pricing auditors to have the relevant forms audited

TAX AUDITS

• Coordination with other trams 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 accounting standard
• Passing the accounting entry 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.
• Analysing the orders and filing appeal with the assistance of tax consultants.

TRANSFER PRICING ASSESSMENTS:

• Coordination and compilation of information to be provided to consultants for transfer pricing assessments
• Appearing before transfer pricing officer alongwith the tax consultants

APPEALS:

• Providing information, liaisoning 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 RETURS

• 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

DIRECT TAX FUNCTIONS

• Preparation and filing of timely GST returns
• Assisting in GST audit

GENERAL:

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

, *QUALIFICATIONS

• Chartered Accountant with 2 years experience in direct tax

Keyskills :
formstdsdispute resolutionpansalarysalesfinancial justificationaccount openingchartincome taxtaxpayrolltransfer pricingexpat taxfilingadvance taxtramsetds