Lead – Direct Taxation

Only Qualified CA with 10 + yrs

• Direct Tax Compliance Management
• Quarterly Advance Tax – Total Advance Tax determined and paid in FY 23-24 is - Aiding in preparation of Tax workings under scenario modelling and obtaining clearances for Quarterly Advance Tax pay-out.
• Dividend Tax Compliance – Determination of appropriate tax withholding for over 26+ Lakh shareholders. Dividend and Tax determination of for FY 23-24.
• Filing of Form 15CA, Form 15CB for Non Resident payments and Form 15G & 15H furnished by Resident Shareholders
• Annual Specified Financial Transaction (AIR / SFT) for Company as a whole towards Cash Receipts > Rs. 2 lakhs, Share or Debenture Issues, Dividend Distribution.
• Implementation of Finance Act / Budget Amendments as relevant to Direct Tax changes
• Advising on withholding tax rates for Resident payments

• Tax Audit Management
• Preparation of Formats for Tax Audit Schedules
• Review of TAS sent by Unit Finance and coordination for revision of TAS
• Providing clarifications on queries raised by Tax Audit Team followed by Tax Auditor in coordination with Unit Finance teams
• Consolidation of Depreciation Schedules / 43B of Units for Company as a whole and obtaining clearance of Tax Auditor
• Preparation / consolidation of Schedules for TDS Disallowances / Allowances based on Unit data
• Finalisation of Other Clauses in Tax Audit Report by providing relevant inputs / details

• Preparation & Filing of Corporate Income Tax Return. determined for FY 22-23.
• Preparation of various Schedules & workings viz. Provision Movements for Bad Debts, EPCG, Impairment, Borrowing Cost as per ICDS IX, Foreign Exchange GLs analysis & preparation of claim summary, Capital Gains summary, UD & MAT credit table etc
• Preparation of Tax Computation including Business Income, Memo of Total Income and MAT computation
• Preparation of Management Note for Computation of Total Income and obtaining clearance for filing
• Preparation of Corporate Tax Return schedules and Assisting in review and filing

• Provision for Tax Expense computation – Tax Expense reported for FY 23-24
• Computation of estimated Tax expense on the budgeted profits for MPB, Periodical Forecasts & CP
• Computation of Monthly / Quarterly and Annual Tax Charge for Current and Deferred Taxes including Unit Co-ordination, Lease estimation, R&D estimation, FA and Depreciation estimation etc
• Preparation of Movement Schedule for Provision for Tax GL and Advance Tax GL
• Preparation of Uncertain Tax Position workings including Litigation Movement & maintaining Case Issue Probability Analysis, Cash Flow ARP, Tax Demands ARP and Refund position and obtaining clearance from Statutory Auditors
• Preparation of MAT Credit Utilisation and Justification in various scenarios
• Preparation of Year End Tax Disclosures for publishing as part of Annual Report
• Preparation of relevant Tax Workings for aiding decision making on transition to new tax regime

• Direct Tax Litigation Management: Scrutiny Assessments
• Responding to Scrutiny Notices issued by Tax Department, addressing the queries suitably
• Providing counter objections to Reassessment initiated upon analysing fact patterns
• Providing suitable clarifications and judgements to protect the claim made or defend against any proposed disallowance by tax department
• First Appellate Tribunal - CIT(A)
• Filing of Appeals against scrutiny assessments & Intimations processed u/s 143(1) by CPC
• Preparation of submissions and justification against each ground of appeal
• Providing necessary clarifications, as sought by the CIT(A)
• Application for Order Giving Effect for orders passed by CIT(A)
• Rectification petition filing and proceedings against various orders issued
• Liaising with Tax Counsel on the above matters and incorporating inputs into submissions etc.

• Support to Group Entities viz. ALDS, GAML, Switch India, Ohm India & Ashley Alteams on various tax compliances including Advance Tax, Quarterly / Year End Provision for Tax, AIR / SFT compliance, Tax Audit Return of Income filing.