POSITION PURPOSE:
- The position is responsible for assistance in direct tax compliance for assigned Legal entities in India.
KEY WORKING RELATIONS:
Auditors / Vendors/ Customers/Income Tax Authorities/Consultants / Internal Stakeholders
ROLE & RESPONSIBILITIES:
- Support for computing current & deferred Tax/ Tax audit Report / Advance TaxComputation of Tax working for both local and foreign accounts as per Ind AS, Internal Guidelines, and tax laws. Compilation of information required for preparation of quarterly advance tax payments and Annual Tax Audit Report filings
- TDS ComplianceMonthly calculation & payment, quarterly returns, certificate issuance, and vendor query resolution.
- TDS ReconciliationTo match certificates with online tax credit statements.
- General Ledger ReviewEnsure books are updated for direct tax entries.
- Form 15CA Authentication and Section 195compliances Advising rates applicable to foreign remittances and adherence to compliances required in connection with foreign remittances.
- Support for overseas group entity s tax filings and assessment to include:
- Coordination with Consultants / internal stakeholders for income reconciliation
- Review of tax computation /ITR / submissions/ responses to 133(6) notices etc.
- Other tax compliances
- Filing of FATCA form and review by US FATCA team
- Preparation of response to TDS / 133(6) / 133C / e-verification notices, Capital gain working on Mutual Funds
- Collating data for ITR filing from relevant stakeholders and validating with signed Financials
- Coordination with Bayer Overseas LEs for obtaining TRC / NO PE / e-form 10F required for remittances to group entities
- Support for Tax Assessment/litigation
- Ongoing liasoning with Tax Authorities follow up for rectification / refund / demand correction
- Adherence to SFT compliance
- Compile and coordinate details for assessments and appeals.
- Filling income tax return / drafting submission for tax assessment
WHO YOU ARE:
- Accountant with minimum 2-3 years of experience in handling assignments in taxation arena (Chartered Accountant/ Inter CA).
- Knowledge of compliance requirements as per Income Tax Act
- Knowledge of TDS compliance software like TRACES, Taxmann, etc.
- Knowledge of SAP.
- Effective oral and written communication skills.
- Good interactive skills and Team player
